Bitcoin is going to come crashing down. Nothing in history even remotely looks like that chart -- and has sustained it, Bet the farm on put options, and clean up...the reward from that will make its rise look like peanut returns,
Chuck, stop posting that incredibly misleading chart. Bitcoin is 8 years old and having its 5th bubble already. So as a minimum its timeline should be 8 years and not 2, and it should show the earlier bubbles. (a 70-80% drop would classify as a bubble burst)
Yeah. Sorry. It was just something I picked up on twitter. Do you have any charts? Would love to see a better chart.
Before I find a good all time chart, here are the bubbles: https://en.wikipedia.org/wiki/History_of_bitcoin 1. 2011 July top at $31 >> down to $2 2. 2013 April top at $266 >> down to $100 3. 2013 November top at $1242 >> down to $200 4. 2017 August top around $4687 (still going) >> ??? OK, here it is, the first bubble doesn't even show up, because of the later huge increase, but you can see it if you move your cursor over the chart: https://www.coindesk.com/price/