Time to pump Bitcoin and watch the system collapse
submitted 3 years ago by wallstreet from (self.WallStreetBets)
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[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 years ago (4 children)
Bitcoin is done, for this cycle. The whole of cryptocurrency has been on decline for about 18 days now
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 years ago (3 children)
How long is this "cycle" you speak of?
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 3 years ago* (2 children)
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.
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 3 years ago (1 child)
Normally when talking about BTC, "halvings" are referred to. But this "cycle" thing is new to me.
[–]magnora7 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 3 years ago* (0 children)
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.
use the following search parameters to narrow your results:
e.g. sub:pics site:imgur.com dog
sub:pics site:imgur.com dog
advanced search: by author, sub...
~3 users here now
Rule 1-no stealing screenshots pictures of another users trades Rule 2-no spamming referral links Rule 3-no political bullshit Rule 4-no weak memes Rule 5-no paper trades aka, no bullshiting
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[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (4 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (3 children)
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (2 children)
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
[–]magnora7 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)