Bitcoin Bubbles Up From and Pops Back Down to Here
Bitcoin is not a stock, nor a stock market. It does bubble, but it is not these so it has a certain characteristic that we must take into account when trading it.
Bitcoin is a TECHNOLOGY.
What happens with new and useful technology? It gets ADOPTED. Adoption creates a parabolic S-Curve until saturation is reached.
Electricity did this, telephone, radio, television, microwaves, cell phones, refrigeration, the Internet, tablets, etc. etc. etc. This is a well-understood phenomenon.
Bitcoin has PROVEN 100% that it is being adopted like any other technology. This is reflected in the price. And we can see this parabolic rise clear as day.
On a logarithmic scale we can CLEARLY see the parabola in a way that we can't on a linear chart.
This chart contains ALL of the price data for Bitcoin since 2011. Almost a DECADE of data shows that Bitcoin does NOT fall below this adoption curve. The market makers weren't even able to drive it under 3K last year!
The proof is right there! Yeah, there's no guarantees, the sun could also not come up tomorrow, but the trend is clear isn't it? We have thousands of years of data to back up the assertion that the sun is likely to come up tomorrow.
Yes, the price has been falling, but that's from Market Makers doing their business....creating FOMO, selling high, then taking the price back down to wholesale levels.
There are limits to how far they can drive the price down and it Bitcoin that limit is the bottom of the parabolic adoption curve. I saw tons of fools get rekt shorting all of January, February, and March of 2019, when it was accumulation for the whales all along. You can see how they accumulated all during 3K and how that followed the bottom of the adoption curve.
What do you trust more? A trend with thousands of days of confirmation, or market maker's screwing with your head?
Bitcoin is a TECHNOLOGY.
What happens with new and useful technology? It gets ADOPTED. Adoption creates a parabolic S-Curve until saturation is reached.
Electricity did this, telephone, radio, television, microwaves, cell phones, refrigeration, the Internet, tablets, etc. etc. etc. This is a well-understood phenomenon.
Bitcoin has PROVEN 100% that it is being adopted like any other technology. This is reflected in the price. And we can see this parabolic rise clear as day.
On a logarithmic scale we can CLEARLY see the parabola in a way that we can't on a linear chart.
This chart contains ALL of the price data for Bitcoin since 2011. Almost a DECADE of data shows that Bitcoin does NOT fall below this adoption curve. The market makers weren't even able to drive it under 3K last year!
The proof is right there! Yeah, there's no guarantees, the sun could also not come up tomorrow, but the trend is clear isn't it? We have thousands of years of data to back up the assertion that the sun is likely to come up tomorrow.
Yes, the price has been falling, but that's from Market Makers doing their business....creating FOMO, selling high, then taking the price back down to wholesale levels.
There are limits to how far they can drive the price down and it Bitcoin that limit is the bottom of the parabolic adoption curve. I saw tons of fools get rekt shorting all of January, February, and March of 2019, when it was accumulation for the whales all along. You can see how they accumulated all during 3K and how that followed the bottom of the adoption curve.
What do you trust more? A trend with thousands of days of confirmation, or market maker's screwing with your head?
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
