Vatis

BITCOIN IS NOT A BUBBLE

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I was wondering, and I am sure that you were too, whether this is the end of bitcoin or not. Hopefully, the bitcoin economy grew massively during last year. I am sure, that this is the one and only factor which blocked bitcoin from falling apart.

Have a look at the chart. Isn't it a beautiful, regular structure? Is it similar to the bubble? http://www.blue-point-trading.com/wp-con...

A year ago it could have been a bubble. For now we know, that the retracement is a regular decending channel.

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Comments

Nice! That's what I've been thinking. If it was truly a bubble, then we would have experienced much worse. The fact that we're still above $200 is a sign that this isn't a bubble doomed to failure.
+1 Reply
bullflaging ;)
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