Bitcoin Bubble Graph Compared to DotCom Crash
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This post is a bit off-topic when discussing willpower and goals. I decided to post this when I analyzed what happened to Bitcoin in the last few days and found the resulting image really interesting.
There is this model of bubble graph circulating internet that matches the crashes from tulip bubble to Bitcoin.
The difference is usually in the time-frame. What happened in 12 year during the dotcom bubble played out in 60 days during the Bitcoin „correction“. This is the Bitcoin price over the last 60 days.
Here is the chart from the dotcom bust.
And this is what you get when you overlay Bitcoin with dotcom.
For good measure here are all the graphs together.
All the the charts have a slightly upward sloping mean that seems to represent the true value. So lets, see if this crash plays out as others did, or there’s something completely different this time.