Judging by previous Bitcoin bubbles this one is just getting started. But that isn't the point of my post.
It may grow more in a year, but it's likely going to continue to go down for several months now
Neh, the current financial markets' paradigm is currency value.
How long is this "cycle" you speak of?
The first cycle was 4 years (late 2013 to early 2018)
The second cycle was 3 years (2018 to 2021)
So the next one will probably be 2 years from now or so. Just look at the peaks on this graph, after you click the timescale to "all": https://www.livecoinwatch.com/price/Bitcoin-BTC
There are obvious price spike moments that occur every few years.
Normally when talking about BTC, "halvings" are referred to. But this "cycle" thing is new to me.
It's similar to business cycles in the stock market, which are typically 8-11 years.
It's especially obvious that crypto has these 3-4 year cycles if you click the "logarithmic" button on that link after you graph the "all" timescale.
magnora7 |2 pointswritten 3 years ago ago
Bitcoin is done, for this cycle. The whole of cryptocurrency has been on decline for about 18 days now