| oussamaanouny |
04-19-2016 10:51 AM |
btc usd
Has the Bitcoin Value btc usd bubble burst Looking at the most recent prices, we seem readier for a gentle nosedive than a new rollercoaster ride to the top. Many altcoins are heading down too: Litecoin, Peercoin and your beloved Dogecoin are all in a steady slide to the drain of the cryptocurrency world. But looking at the charts below, many would argue that Bitcoin is up for a new rise to 10,000 USD. This recent bubble wasn’t the first bubble, and it won’t be the last for Bitcoin.That was a bubble just like the most recent big one. It was playing out on a lower price level, but the percentage rise was equally big. There have been more bubbles in markets ever since markets were invented. All start with a slow rise in price, then a parabolic jump to the top, and the inevitable crash and rebound. At the end of every bitcoin bubble, the value is about 2x higher than what it was. Every time.To see this trend in action, we have to display the price on a logarithmic scale. This is useful for values that grow exponentially. The chart below shows us the Bitcoin/USD value over the same period on a logarithmic scale. 80081
https://www.x-crypto.com |
