The researchers defined a bubble as a sharp price run-up over a two-year followed by at least a 40% drop over the subsequent two years. When the price run-up is 100% or more, they found the probability of a crash becomes 50%. When focusing on price run-ups of at least 150%, that probability becomes 80%. As price run-ups become even bigger, a crash becomes “nearly certain.”
https://www.marketwatch.com/amp/story/guid/6D6CF0C8-D3AF-11E7-8E50-41CEEA71C61F
Que sad trombones. However, I plan I buying the dip :)!
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One thing I am sure of is that Bitcoin is here to stay. Despite all odds, it keep moving.
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To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo To receive an BiggerUpvote and a reSteem send 1.25SBD to @minnowpond with your posts url as the memo To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memoCouldn't agree more. Bitcoin's rise the last few months has been very unhealthy and unsustainable in the long term, i.e. bubble.
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