Above is a chart of bitcoin from mid 2010 to present.
A parabolic curve was drawn with a formula that tightly follows the bottoms of the crashes and lowest prices in bitcoin's history.
That curve was then cloned above multiple times to create a parabolic set of scales to show how far above a fully crashed price you are at (at least according to current data, this may change)
This also assumes that bitcoin scales to meet the needs of ALL of the transactions that the growing userbase needs/wants. If it cannot meet the needs of the users, this curve will likely fail and a new curve begins depicting the reality of a coin held by many but only usable for most/some/few.
Horizontal lines were drawn for New years day for each year after this one until 2028.
评论
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Seems to be going swimmingly well despite that coronavirus liquidity crisis (which took all markets down with it). We seem to be following the first level of action anticipating the big move. Target 175k-500k.
We will see how the month ends in 2 days. Good luck on your trade!
FlyTheElephant
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@CryptoEngineering, Thanks man, I appreciate the charts you added here. My position is not really a trade, I held from 2015 to now. I did not sell the top in 2017, instead bought some XMY in january and rode that up 10x.
In it for the long haul just trying to get a picture for where this thing is going and where to sell if I feel like to catch the bottom of the next crash.
FlyTheElephant
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Furthermore, I bought in 2012 as well, but that was lost in the great MtGOX catastrophe. And mined some in 2011 but that drive I reformatted (big oops), seemed a good idea at the time as it was only about 20 dollars worth :D
CryptoEngineering
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@FlyTheElephant, The good thing is that You have seen a lot. It is the biggest benefit for you in the next bull run, dude!