Guess what years this is? 2016/17. Not often discussed. We typically see discussions on 2013/4 and 2017/8.
But as you can see, the same boom cycle in 2017/8 also took place in 2016/7. But at much lower magnification.
To the naked eye, BTC looks like it was sleeping. But it wasn't.
Projecting over the course of these politically dissimilar years, the same growth chart emerges. Teh Bitcoin climate in 2016/7 was completely different; at the time, we were more afraid of the regulatory climate, and the banning of the coin. You would have to be connected to a serious rumor mill to maintain confidence. Now, an average person can follow BTC with increased confidence. I tend to believe you still have to want to make BTC work, to be in BTC. You have to have some belief.
This, and future posts should contribute to that larger belief in BTC, simply because the more we magnify and study the projected graph of BTC, the more we locate the same pattern; an initial run-up around 200%, then tripling the growth rate in the second half of the year. Thus, if you have doubled your money after the Feb 6 collapse to 6K, you are witnessing the same pattern; first, testimony of growth, then volume buy-in.
More to come as we go Bitcoin-macro.
This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. You will understand this comment as purely speculative, is done without compensation by you, and bears no accountability for the success of your investment actions.
But as you can see, the same boom cycle in 2017/8 also took place in 2016/7. But at much lower magnification.
To the naked eye, BTC looks like it was sleeping. But it wasn't.
Projecting over the course of these politically dissimilar years, the same growth chart emerges. Teh Bitcoin climate in 2016/7 was completely different; at the time, we were more afraid of the regulatory climate, and the banning of the coin. You would have to be connected to a serious rumor mill to maintain confidence. Now, an average person can follow BTC with increased confidence. I tend to believe you still have to want to make BTC work, to be in BTC. You have to have some belief.
This, and future posts should contribute to that larger belief in BTC, simply because the more we magnify and study the projected graph of BTC, the more we locate the same pattern; an initial run-up around 200%, then tripling the growth rate in the second half of the year. Thus, if you have doubled your money after the Feb 6 collapse to 6K, you are witnessing the same pattern; first, testimony of growth, then volume buy-in.
More to come as we go Bitcoin-macro.
This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. You will understand this comment as purely speculative, is done without compensation by you, and bears no accountability for the success of your investment actions.
