1/ #BITCOIN ON THE SAME ROAD AS THE #DOTCOM BUBBLE ? If you look at #Nasdaq's price, you're able to find similar patterns. Internet began in 1990 but the Internet bubble really started in 1995. Similarly, $BTC was created in 2009 but price acceleration occurred in 2016
2/ At the end of the Awareness Phase, both had events that will allow global adoption : Google and WiFi for the Internet, #LightningNetwork for #Bitcoin. These events may be considered as the catalysts pushing #Nasdaq & $BTC into Mania Phase
3/ They both ended the Awareness Phase with the classic sell off b4 the Mania Phase, holding the logarithmic support. Finally, #Nasdaq almost x4 in only 1yr 1/2. #Bitcoin seems to go twice as fast as the Dotcom Bubble so we can expect the Mania Phase to take place in 2018
4/ The Dotcom bubble popped in March 2000 reaching 6.7 trillion $, around 11 times the US monetary in that time ($ 600Bn). If we were to follow Internet bubble's path, we could reach between $ 400k and $ 2.5Mn depending on the potential market cap we will be facing (see chart)
5/ This scenario will be valid if we don't face a bull trap around $12k. Or we complete a full market cycle (78.6%/88.6% retracement) or we follow the S-curve adoption model which could bring us to these targets. These figures seem completely unreachable, but so were they in 1998
Add-on 1 : many people told me that I shouldn't compare #Dotcom vs $BTC, but I'd rather compare it to the whole $crypto space. I hear that argument since #Bitcoin is part of an ecosystem even though both charts really look similar. Results don't change much since...
Add-on 2 : Bitcoin weighs a big part in the cryptocurrency market. Let's say that $BTC dominance stays around 30% when bubble reaches its peak, we would still have a $150 k-$ 700k #Bitcoin. Which is absolutely insane as well.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with 🐿️ The Squirrel Token 🌰🌰🌰 (Audited)

🐿️ The Squirrel Token 🌰🌰🌰 (Audited) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @_Squirrel_Token

Feb 11, 2018
1/ WHY YOU SHOULDN'T BE AFRAID OF A BEAR MARKET FOR #BITCOIN : Looking at the big picture for $BTCUSD in a log chart, it seems that this correction for $BTC is completely normal. We may even go as low as $3k, but if you zoom out, this will allow us to bounce off that trendline
2/ and thus draw our next impulse wave (3) which can push price as high as $100k. Media will talk about it way more than in 2017 and we will have a general adoption by the public (thanks to #LightningNetwork ?). Another big correction will occur (wave 4) and we will buy -
3/ again - in the 78.6%/88.6% fibonacci retracement while mass media will tell us that #Bitcoin is dead (again ?). And we will probably have our "final" 5th wave which could drive us above 1 million $ per $BTC.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(