People really can't believe this rally?
Exponential growth coupled with a reward halving. If you haven't noticed, the bounce back from BTC50k being sold was almost immediate.
To me this did'nt look like a rally yet.. just the knowledgeable and wise that are anticipating the real power of bitcoins.. wait for the mass to realize..
To get a more realistic view of this, we must use Log Scale Charts.. and look to historyFew years ago, I sold more than 5k BTC under 1$..
Charts where looking like this at this time.. (Always using log scale for more realistice point of view)
I got in at 0.15 Selling @ 0.90 was a 5 fold increase.. Going from 0.15 to 0.90 use half of the scale. Going from 1 to 10 uses the other half of the scale, wich is a 10 fold increase.
Look at this chart, Log scale, last 6 month.. It just double, and a bit more.. 2 fold increase, same time frame..
Did those charts look similar ? The 0.15 to 1$ looks exactly like the 10 to 20 part of the actual chart..
Bitcoins are still unkonwn from 99% of the poeples...
Imagine a 2 fold from now, its 40, 5 fold from now its 100, and this shit is doomed to go mainstream... watch out, we are still the early adopters...
In a decade or so, I may be able to buy a car for my child, paying with BTC, for a price tag under 50 BTC !
I still buy BTC, and will do so, at market price, all the way under 100$, maybe more ! Just hope to have enought fiat, to cash in BTC before it pops to its real stabilized value !
