I thought the same thing in 2013 when BTC reached $1000 and then flat out crashed to $200. Perhaps there's more to it.
Dion_Dimucci
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I like your charts, but i'm not sure about 30 bucks. So you are saying it will rise from $30 to back to $20,000 to confirm resistance?
Smoak
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@Donskalottle, This is really just a throw it out there idea for myself so I wouldn't give any weight to it. If you look at most of history's bubbles this is what they look like. They go up with a huge boom and then gradually tucker out. The .com bubble is a recent exception. I really have no idea what bitcoin will end up doing. In theory it is a great idea, but the reality is that in its current state is overpriced. Last December when usage went up it had average transaction times of 20 hours and almost 25% fees...in terms of utility that is really bad compared to other modern technology. Lightning Network is good but has a capacity of 415 bitcoins. I'm hoping we see some great advances in the coming year or two.