So what is a bubble? A bubble is when asset prices get extremely overpriced and is trading in a much higher range or at a much higher price than the intrinsic value of that asset. You have the tulip bubble, the south sea bubble, the technology bubble, the housing bubble, there are PLENTY of past bubble. I am here to tell you that this crypto bubble is NOT THE BUBBLE that will inflict the ecosystem of crypto in the time ahead.
Lets take a look at a couple past bubbles and you can clearly see the difference in the charts...
The Technology bubble -
You can clearly see in the chart below the massive run up and the immediate drop, then the bounce where it did not take out new highs and THEN THE CRASH.
The 3D printing bubble...
Likewise, the same story as tech. You can clearly see in the chart below the massive run up and the immediate drop, then the bounce where it did not take out new highs and THEN THE CRASH.
The housing bubble...
Check out housing, you can clearly see the massive run up as the rate of change increase and the immediate drop as the rate of change increases to the downward side. You have some violent moves constantly along the way in a crash and bear market. Alot of tradable volatility.
The crypto bubble?...
Now take a look at the crypto bubble below. You can see the ascend to massive highs and the rate of change increases. Now if you look over the last 9 months you can see the METHODICAL sideways action that is pressing crypto down and down some more. Bubbles, and/or corrections will correct through time and through price. I believe we are witnessing crypto correcting through time and as long as 5400+ holds you should be accumulating the shit out of crypto at these levels...
BUY.
Published on
by heyimsnuffles
