Well if JJG is correct and there really is no 4 year cycle we could be like gold was during Clinton's presidential terms. Plus first term of Bush
1992 to 2004 we stayed in a 200 to 400 slot mostly very close to 300
Gold finally took off in 2005.
so a long flatness for BTC may be in the cards.
https://nma.org/wp-content/uploads/2016/09/historic_gold_prices_1833_pres.pdfHISTORICAL GOLD PRICES - 1833 to Present
The price of gold remained remarkably stable for long periods of time. For example, Sir Isaac Newton, as master of the U.K. Mint, set the gold price at L3.17s. 10d. per troy ounce in 1717, and it remained effectively the same for two hundred years until 1914. The only exception was during the Napoleonic wars from 1797 to 1821. The official U.S. Government gold price has changed only four times from 1792 to the present. Starting at $19.75 per troy ounce, raised to $20.67 in 1834, and $35 in 1934. In 1972, the price was raised to $38 and then to $42.22 in 1973. A two-tiered pricing system was created in 1968, and the market price for gold has been free to fluctuate since then as the table below shows.
Year
Average Price
snip
1992
343.82
1993
359.77
1994
384.00
1995**
383.79
1996
387.81
1997
331.02
1998
294.24
1999
278.98
2000
279.11
2001
271.04
2002
309.73
2003
363.38
2004
409.72 Average Year Price
2005
444.74
2006
603.46
2007
695.39
2008
871.96
2009
972.35
2010
1,224.53
2011
1,571.52
2012
1,668.98
2013
1,411.23
2014
1,266.40
2015
1,160.60
2016
1,250.74
*Prices from 1883-1994, World Gold Council. Taken from Timothy Green's Historical Gold Price Table , London prices converted to U.S. Dollars.
**Prices from 1995-present, Kitco.com, based on the London PM fix.
Note I grabbed and altered from the link I posted above.
Now the world is faster than in 1992-2004. so while a 12 year flat space may be too long for flat btc. why not a 3 or 4 year flatness in the 14-22 range?
Poll
