Bitcoin - end of a cycle

2017년 12월 31일

One of the things that I learned is that the markets go in cycles and patterns repeat.

Bitfinex just printed $150mln Tether in the last couple of days and within hours Bittrex opened USDT pairs for XVG, ADA and NXT. Cheap coins that are gonna be pumped to the limits with the new fake money. Meanwhile Bitcoin will be allowed to rest and consolidate. I think we're gonna see a low in the $4000-5500 range within 30-45 days.

Let me explain you more with some pictures.

2017년 12월 31일

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Here's NASDAQ in the 2000s

2017년 12월 31일

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Here's a log chart of Bitcoin that I posted earlier.

2017년 12월 31일

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Here's NASDAQ today - notice the dot com bubble and the housing bubble in 2008 and where we are today...