Hey great video as always Omar, keep it up! Does anyone here think we saw the top of the bubble 12 days ago? It looks very similar to the 2013 bubble peak... Thoughts?
Source: Here
You are viewing a single comment's thread from:
Hey great video as always Omar, keep it up! Does anyone here think we saw the top of the bubble 12 days ago? It looks very similar to the 2013 bubble peak... Thoughts?
Source: Here
Hehe, "History doesn’t repeat itself but it often rhymes,” Mark Twain
2013 was based on hype, speculation, and with a handful of maximulist. There was not really anything behind it support that run. The eco-system was at that time fragile and with not much regulation as we see today. Today its "different". We have inflation of currency, high housing prices, inflated stock market with crazy PE levels, bond market anomalies, high college debt.... the list goes on and on. This validates the current price of Bitcoin. Also not to forget that countries are adopting bitcoin and there are more technologies to support this space. There is more bullish reasons to justify its current price than back in 2013 that I can go on and on with.