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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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7168230 No.7168230 [Reply] [Original]

Reminder that that we still haven't reached the BTC price from the end of November.

Reminder that BTC was $6000 in the middle of November.

Reminder that this was only about 8/9 weeks ago.

We're returning to mean fellas, which is around about the price were at now, maybe with a little further to go.

Look at the chart. There was months of relatively steady growth and then it almost doubled in value in the space of 2 weeks. That wasn't a healthy growth spurt.

Don't be alarmed by the psychological $10k barrier. It was literally 2 months ago that everyone was going crazy with joy because BTC passed $10k for the first time.

Also, given the charts, it would not be the end of the world if this dropped to $6k which would take it just under the mean line for 2017 before recovering. But it seems to be holding well above that at the moment.

Yeah it sucks, but anyone who thinks the bubble has burst and it's the end of days is retarded.