The Bitcoin bubble popped - once again - in 2018. The similarities to what happened in 2014 and following cannot be denied. Every once in a while I am looking at charts provided by Bitcoinwisdom, my goto site for live Bitcoin prices.
Just for fun (no financial advice or future forecast) I have put the two bubble bursts ontop of each other to compare them.
The back layer in white represents 2013-2015, the front layer in black represents 2017-2019. Similarities are astonishing.
And even further, this typical bubble behaviour is not unknown in the world of new technologies. It has even be predicted and studied. Especially in an emotional market like Bitcoin the Hype-Cicle cannot be ignored.
(CC BY-SA 3.0 Wikipedia)
I guess most of you did point that out for themselves and trying to figure out where the adventure goes from here. I hope you enjoy this still. Share if you want others to see this and give an upvote if you enjoy this.
It's incredible how well the 2 charts alone with each other, thanks for the share!
Posted using Partiko Android
good version of what is happening ✔️
Posted using Partiko iOS
Congratulations @tosch! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPGreat work
Congratulations @tosch! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Your level lowered and you are now a Red Fish!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!