What does the DOW JONES chart REALLY LOOK LIKE?

in #bitcoin7 years ago

So in light of all the current volatility in the stock market over the last few days I don't seem to see anyone showing any charts that show the real story. I wanted to get a better idea of what it looks like long term and this looks terrifying! I don't have any real past experience with the stock market, but after learning how markets work through trading crypto, I don't think it should take a genius to see there's a major problem here.

If we look at the LINEAR chart without adjusting for inflation it paints a pretty clear picture. Thought I was looking at Bitcoin there for a second. I have to say, I think the absolute scariest thing about this chart is the fact that were at the end of a 100 year cycle that makes the great depression look like a tiny little hiccup!

dow-jones-100-year-historical-chart-2018-02-06-macrotrends (1).png
Source

Now here's a log chart... at first glance it doesn't look quite so bad does it?

dow-jones-100-year-historical-chart-2018-02-06-macrotrends.png
Source

It's no wonder why crypto is taking off so quickly. All the money that's about to flow out of the stock market has to go somewhere! Were already seeing a major transition onto blockchain technology throughout the world, and it's happening faster than the money can flow into it. It's my belief that crypto is just about nearing the end if it's "great depression" stage, which means it's pretty much all up from here. If the world actually transitions into blockchain tech, crypto will naturally over time absorb the entirety of the financial system. This will be huge! This will be like getting into stocks back in the 20's and 30's, but it's going to happen at a much faster rate. I think blockchain and crypto will make the tech bubble look like childs play. The only real downside? Say goodbye to any privacy you still have left.

Happy Trading!!

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