What Stage of the Market Cycle is Bitcoin?
Hello my fellow Steemians and crypto enthusiasts!
In your view what stage of the market cycle Bitcoin is?
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In this chart you can see the main stages of a «Financial Bubble» (a Price Bubble). Many financial analysts use this charts. Also you can find it in the books about investments, financial valuations models, market cycles, etc.
This is the current price of Bitcoin on 1 day chart:
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Bitcoin is trading at the moment at the level on $ 3529,60 on Bitfinex.
p.s. I wrote about these stages of the market cycle 2 months ago. You can read my post.
- Bull trap
- Return to "normal"
- Fear
- Capitulation
- Despair
- Return to the mean
- Other (please, specify).
- I don't know
- Prefer not to say
Answer the question at dpoll.xyz.
Voted for Bull trap.
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Voted for Fear.
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No problem! Cheers and have a nice weekend
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Thank you! Have a good one as well!
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Voted for Bull trap.
Thank you for voting!
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Voted for Despair.
Actually we are somewhere between capitulation and despair
Thank you for voting.
I also think that we are in the lower part of the capitulation and this year we will get into Despair. But let's see what will happen.
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Oh! I'm counting just like you! I guess that's because I'm watching your video analysis!)
Probably! :)
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Voted for Capitulation.
The price of Bitcoin formed a Bubble in 2017. But Bitcoin is not a bubble. It was just overpriced.
Voted for Despair.
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Voted for Capitulation.
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Voted for Capitulation.
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Voted for Despair.
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Voted for Other (please, specify)..
I hope, bottom building.
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Interesting answer.
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Voted for Despair.
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Voted for Bull trap.
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Voted for I don't know.
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Capitulation. Near to Despair.
@behelen, thank you for answering!
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💪
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Hyperwave says we still have further down to go. Maybe 1k
@craft-crypto, just vote in the poll. :)
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