Just staring at the market while it just continues to make all time highs is a pretty surreal feeling. Brings me back to the good ol days of 2017.
The risks of buying Bitcoin at this level
By now many of us are feeling priced out of the market.
We shouldn't feel like this, but we do, how could we not?
The truth is: this is nothing.
2021 Bitcoin Doubling Curve
| Jan | Feb | Mar | April | May | June |
|---|---|---|---|---|---|
| $13867 | $14933 | $16000 | $17067 | $18133 | $19200 |
| July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|
| $20267 | $21333 | $22400 | $23467 | $24533 | $25600 |
Anyone who buys here is safe if they are willing to hold for 8 months. No matter what happens, the doubling curve will be above $21k at the end of August. We honestly aren't that much higher than the doubling curve right now, and I predict we have much higher to go in the extremely near future. Late December and early Jan have traditionally be great times for Bitcoin to peak.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| $800 | $1600 | $3200 | $6400 | $12800 | $25600 |
When 2017 was peaking, we weren't 8 months ahead of the doubling curve; we were almost 4 years ahead. That's what a mega-bubble looks like. When you can take gains from Bitcoin when it is x10 or more above the curve... obviously do it. That's FOMO supreme time. We haven't even come close so far. We'd have to spike above $100k within a couple months to see the same kind of instability. Not gonna happen... yet... Q4 2021 is our time.
Conclusion
Probably not the greatest... posting two speculation fluff posts back to back on the same day... but hell... all time highs. If not now then never, amirite?
Even though we are breaching all time highs, it's a mistake to think we've been priced out of the market. The market can go much much higher than this without destabilizing. In fact, we've been consolidating at all time highs for an entire month now. This has created an excellent support base from which to catapult from until we inevitably crash back down to $20k over the coming months.