/biz/ - Business & Finance

>>25615500
To even retest 2017 ath would be -45% from here. I feel like during 2017 there were more days of -30% dumps on the way up. It was like we did 3 steps up, then 2 steps down each time. Now it feels like 4 steps up, 1 step down. But maybe percentage wise it was crazier in 2017 so I am probably wrong

We are not at the end of 2017.. early or middle at the latest..

So think about $1,163 as the previous ATH, so we kind of got stuck between $2k and $3k at around the times of the fork wars and some of the uncertainties around that in the summer.. which would be 2x to 3x the previous ATH.. so we are not even really at 2x of our previous ATH, yet... even though we are getting close...

Anyhow, there could be some corrections here or even getting stuck in a kind of battle in the 1.5x to 4x range.. and to figure out if there is going to be more UPpity from that point..

And, I am not even saying that we might not crash from here and all bitcoin go to hell from here, but that is an outlier scenario rather than a variety of more likely scenarios that seem to put us in mid 2017 rather than late 2017 (or alternatively we could say early 2013 rather than late 2013 - pick your poison.. that ends up leading to UPpity in either case (and still not guaranteed, either).

>>6945075
>I'm so glad you posted this photo, it's EXACTLY what I was talking about in my previous rants in this thread about what a market that's about to go from sleepy sideways to a pump looks like. I see the exact same pattern every day now it seems and I've been too busy typing to find a pic.
>On another note, there are sophisticated investors in the space, I'm not denying that. The typical person I know who tells me to buy Bitcoin though is early 20's and is a type of friend from College who wants to move to Colorado and go to festivals and grow pot though and I think that is a prevalence across much of the US.
>Bitcoin could be 100k one day. I do not think it will ever disappear.
fair analysis, i am in agreement with you here anon. i do think it's impossible to know the typical buyer, but yes i agree the amount of FOMO from $10k --> $20k was a lot of plumbers, dentists, and bus drivers. if it hits 3 digits this year tho i would be hella surprised.

>>6909782
enjoy your crypto gains, and go back into fiat. that is fine with me.