My optimism in crypto's was dead wrong ...

in #bitcoin9 years ago (edited)

To much optimistic

3.5 years ago...

I was much thinking last few weeks, where we are in cryptos, and what is ahead.
Therefore, I have just checked my old posts in our Facebook page "BITCOIN LIETUVA" (https://www.facebook.com/bitcoin.lietuva/)
In November 20, 2013, just about the time Mt.Gox was ready to hit $1000, I have made some calculation, and prediction, what can be expected ahead, if Bitcoin follows the same trend. As it did the last four years (2010-2013). All seemed very clear and consistent on the logarithmic scale. I have extended the lines towards the right, and posted this on Facebook :

The reality

Today, at the new hype of super fast growth, I came to that again.
Mt.Gox is long a history, and practically no exchange has charts since 2010, so I got to combine the final chart from to exchanges, Mt.Gox up until the big burst, and Bitstamp all the way since then.
Geee, how much I was over-imposed by that bubble at Mt.Gox in 2013.
The graphs show, that we are so much behind the LOG scale trend today. Otherwise we should see BTC between $2 and $20 mln. Yes, sound absurd, but... that what the growth trend on a LOG scale was telling me 3+ years ago:
bitcoinlife_log_bl.jpg
Maybe, the Bitcoin price has simply lost the LOG trend, and will never come to that again?
Or ALT coin takeover, like of ETH, LTC, XRP, STEEM etc. is the prime reason of that?
Do we have any chance at all to catch again that nice trend line? :)
What do you think?

73,
@onealfa

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