What Stage of the Market Cycle is Bitcoin?
What Stage of the Market Cycle is Bitcoin?
Hello my fellow Steemians and crypto enthusiasts!
In your view what stage of the market cycle Bitcoin is?
.jpg)
In this chart you can see the main stages of a «Financial Bubble» (a Price Bubble). Many financial analysts use this charts. Also you can find it in the books about investments, financial valuations models, market cycles, etc.
This is the current price of Bitcoin on 1 day chart:
.jpg)
Bitcoin is trading at the moment at the level on $ 3529,60 on Bitfinex.
p.s. I wrote about these stages of the market cycle 2 months ago. You can read my post.
- Bull trap
- Return to "normal"
- Fear
- Capitulation
- Despair
- Return to the mean
- Other (please, specify).
- I don't know
- Prefer not to say
Answer the question at dpoll.xyz.
Voted for Bull trap.
Thank you for voting!
Posted using Partiko Android
Voted for Fear.
Thank you for voting!
Posted using Partiko Android
No problem! Cheers and have a nice weekend
Posted using Partiko iOS
Thank you! Have a good one as well!
Posted using Partiko Android
Voted for Bull trap.
Thank you for voting!
Posted using Partiko Android
Voted for Despair.
Actually we are somewhere between capitulation and despair
Thank you for voting.
I also think that we are in the lower part of the capitulation and this year we will get into Despair. But let's see what will happen.
Posted using Partiko Android
Oh! I'm counting just like you! I guess that's because I'm watching your video analysis!)
Probably! :)
Posted using Partiko Android
Voted for Capitulation.
The price of Bitcoin formed a Bubble in 2017. But Bitcoin is not a bubble. It was just overpriced.
Voted for Despair.
Thank you for voting!
Posted using Partiko Android
Thanks for contributing to the dPoll content.
You have been upvoted from our community curation account (@dpoll.curation) in courtesy of This Guy... @bluerobo.
Come, join our community at dPoll discord server.
If you want to support dPoll curation, you can also delegate some steem power. Quick steem connect links to delegate:
50SP | 100SP | 250SP | 500SP
Thank you!
Posted using Partiko Android
Voted for Capitulation.
Thank you for voting!
Posted using Partiko Android
Voted for Capitulation.
Thank you for voting!
Posted using Partiko Android
Voted for Despair.
Thank you for voting!
Posted using Partiko Android