I think it's likely that we are somewhere around here.
Where do you think we are in the grand scheme of things?
7 years ago by superstar (61)
Where do you think we are in the grand scheme of things?
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I can see the reasoning. However, the public has gotten involved quite a bit, so you could just as easily make the argument that we're on the second hump.
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I don't think this image will be how bitcoin plays out. If it is accurate then we must be in the capitulation stage considering the public already got in a while ago... Very interesting to see if bitcoin turns out to act the same as stocks or if it changes our ideas of how the whole financial markets work.
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I think that chart doesn't even apply to crypto and people trying to peg old-school financial market mindsets to crypto space have the blinders on (as cryptos are much more global, much more wide- spread, and much more game-changing impacting all aspects of society)... But hey, that's just me.
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I predict Return to "normal"
I think it's possible companies have been hiding surplus money and are engaging in tax evasion. They're going to dump it at the beginning of the new year. Great time to invest in January if I'm right. Try to capitalize on "Despair" like the greed machines we are... lol :(
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