Is Bitcoin's history repeating again?

in #steemit7 years ago (edited)

If you take a look at the 2 charts and do some math,

2013/2014-15
10.30.2013 Btc about 200 usd
11.30.2013 high of 1166
12.19.2013 crash to 560 (48% of 1166)
1.6.2014 back to 1007 (86% of 1166)

4.11.2014 crash to 351 (30% of 1166)
6.3.2014 back to 669 (57% of 1166)
7.1.2014 18% decline then rise close to 669
1.14.2015 a long crash to 170 (14.6% of 1166)

2017-2018
11.18.2017 Btc about 7400 usd
12.18.2017 high of 19891
12.22.2017 crash to 10776 (54% of 19891)
1.7.2018 back to 17252 (86% of 19891)

2.6.2018 crash to 6000 ( 30% of 19891)
2.21.2018 back to 11777 ( 59% of 19891)
3.6.2018 21% decline then rise close to 11777
in 2-3 months ??? a long crash to 2904 ??? ( 14.6% of 19891)

I used coinmarketcap.com numbers for 2013-15 and bitfinex numbers for 2017-18.

Someone is drawing a similar Bitcoin chart like in 2013-15. Even the percentages are similar. But the time it takes to go from local highs to local lows has been reduced.

May be Charlie Lee's warning was right.
https://mobile.twitter.com/SatoshiLite/status/940353265585160192

With that in mind, it is possible that some cryptos may not fall in price like Bitcoin.

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There's a terrible thought often seen among non traders: "Just because it happened before it will happen again". That is true until something else happens. Just be aware of it.

Added to my follow list. Keep up the good work and what do you think of the current market?

I think it is on its way to go below 10k.