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<p>[QUOTE="Lesbian Cow, post: 3054826, member: 74735"]Hi V. Kurt Bellosaur, what you are looking at on that chart are 4 distinct "bubbles".</p><p><br /></p><p>The first goes from 2 USD to 32 USD in 2012 and subsequent crash to 5 usd. The second "Bubble" took bitcoin to 252 in Spring of 2013 followed by a crash to the 50's. "Bubble" #3 occurred in the Fall of 2013 taking bitcoin to a high of over 1000 usd each and the bear market which followed went down to 200 USD.</p><p><br /></p><p>We just had "Bubble" #4 which got us as high as 19,000 USD.</p><p><br /></p><p>These are not bubbles, in my opinion, but waves of new adoption. Very similar pattern to how many new technologies have been adopted by the main stream public. It has been an incredibly fun and profitable ride, have you enjoyed jeering from the sideline?[/QUOTE]</p><p><br /></p>
[QUOTE="Lesbian Cow, post: 3054826, member: 74735"]Hi V. Kurt Bellosaur, what you are looking at on that chart are 4 distinct "bubbles". The first goes from 2 USD to 32 USD in 2012 and subsequent crash to 5 usd. The second "Bubble" took bitcoin to 252 in Spring of 2013 followed by a crash to the 50's. "Bubble" #3 occurred in the Fall of 2013 taking bitcoin to a high of over 1000 usd each and the bear market which followed went down to 200 USD. We just had "Bubble" #4 which got us as high as 19,000 USD. These are not bubbles, in my opinion, but waves of new adoption. Very similar pattern to how many new technologies have been adopted by the main stream public. It has been an incredibly fun and profitable ride, have you enjoyed jeering from the sideline?[/QUOTE]
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