Log growth -vs- Crash history
So the concensus is that we are currently in the 4th Crypto bubble since 2009. Historically, they have popped within a month of the last period of 10x growth. This is certainly not predictive, as there is almost no correlations to the "pop" events and the market at large. Most of these were just random events that collapsed the market. The good news is that they have typically recovered within 3 years of deflating. If I had to guess, I'd say the next likely stress point would be either CME volume overstressing the market, or another exchange collapse (my bet is BitFinex).
Jan 3, 2009 - 0.000 $ / BTC - No real market, just an anomaly for next 18 months Jul 18, 2010 - 0.07 $ / BTC - ATH on BitcoinMarket.com, price "stabalizes" in July. Feb 1, 2011 - 0.74 $ / BTC - first 10x increase (7 months) May 13, 2011 - 7.48 $ / BTC - second 10x increase (3 months) Mar 25, 2013 - 74.02 $ / BTC - third 10x increase (22 months) Nov 21, 2013 - 707.05 $ / BTC - fourth 10x increase (8 months) Nov 3, 2017 - 7012.53 $ / BTC - fifth 10x increase (4 years) Jun 9, 2011 - 29.58 $ / BTC - ATH (3 weeks after 2rd 10x) Jun 19, 2011 < Mt. Gox Hack Crash > Feb 21, 2013 - 29.68 $ / BTC - Recover from 2011 crash (20 months to recover) Apr 9, 2013 - 213.72 $ / BTC - ATH (2 weeks after 3rd 10x) Apr 10, 2013 < Mt. Gox Trading Failure Crash > Nov 3, 2013 - 215.62 $ / BTC - Recover from Spring 2013 crash (7 months to recover) Nov 29, 2013 - 1132.26 $ / BTC - ATH (1 week after 4th 10x) Nov 29, 2013 < Mt. Gox Trading Failure Crash > Nov 29, 2013 < China outlaws bitcoin Crash > Dec 5, 2013 < Mt. Gox Trading Failure Crash > Feb 24, 2013 < Mt. Gox Closes Crash > Feb 23, 2017 - 1145.58 $ / BTC - Recover from Fall 2013 crash (39 months to recover)
Source: http://ift.tt/2iloG4v
[link] [comments]
Read More
