BTC/USD - Bitcoin is going to FEAR phase of a typical bubble
Nowadays, Bitcoin chart looks for me like a typical bubble amarketplaceofideas.com/wp-content/uploads/2015/11/bubble-phases1.jpg
Regarding to bitcoin wallets stats, more than 54% wallets has less than 0.001 BTC (that means, they will spend almost everything on commissions, if those will be used for 10-20 transactions).
Also, ~97% of all wallets has less than 1 BTC, which is less than 4.37% of all available BTC.
It's a totally controlled system, where 2.67% of wallets have more than 95% of all BTC. And no regulation there!
bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Mass market is slowing down (check "buy bitcoin" at google trends trends.google.com/trends/explore?q=buy bitcoin)
So I believe, we are moving to "FEAR" phase of Bitcoin bubble.
Regarding to bitcoin wallets stats, more than 54% wallets has less than 0.001 BTC (that means, they will spend almost everything on commissions, if those will be used for 10-20 transactions).
Also, ~97% of all wallets has less than 1 BTC, which is less than 4.37% of all available BTC.
It's a totally controlled system, where 2.67% of wallets have more than 95% of all BTC. And no regulation there!
bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Mass market is slowing down (check "buy bitcoin" at google trends trends.google.com/trends/explore?q=buy bitcoin)
So I believe, we are moving to "FEAR" phase of Bitcoin bubble.
Note
Looks like cryptoarmageddon is trueNote
Actually, 30% of forecasted path is passed :)Note
Actually, 50% of forecasted path is passed :)Note
Actually, 62% of forecasted path is passed :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.