Crypto market 1 year ago - 2017 November 11th

jomeszaros (66)in #dclick • 5 years ago (edited)

Market cap : $199.5B ($215B now)
Bitcoin : $6645 ($6359 now)
Ethereum : $306 ($211 now)
Steem : $0.92 ($0.74 now)
BITCONNEEEEEEEEEEECT!!!! : $257 ($0.0 now)

BTC Dominance: 55.5% -> 52.4% now (up from 32% in 2018 January!)

If last year this time BTC was at $6645 and went to $20k, it can do it this year too from current $6359. This year Bears have only reversed the final two months of 2017!!.

The current Mayer Multiple is 0.90 with a $BTC price of $6359 and a 200 day moving average of $7043. The Mayer Multiple has historically been higher 75.51% of the time with an average of 1.52

If you follow this Diversification Protocol, selling starts from Mayer multiple of 1.6.
Data from mayermultiple.com

"Bitcoin will continue to do what Bitcoin does. Nobody controls it. We are all learning what it does. Adapt to it as it evolves. It will not adapt to you." Quote from Eric Lombrozo.

"I would be surprised if 10 years from now we're not using electronic currency in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted third party gets cold feet." Satoshi Nakamoto http://www.bitcoin.org

Screenshot of coinmarketcap.com from 2017/11/11