I am just wondering why my posts were removed?
There was a good intelligent discussion in the thread as well. For reference, this is what I posted:
Where, approximately, are we on this chart?
It appears that we may be somewhere along the segment marked "capitulation". What's other people's thoughts?
Bitcoin is roughly following a not dissimilar price movement:
Not sure what level "despair" would be, if indeed that's where we're heading. Any thoughts?
I have another chart that makes for an interesting comparison.
This is bitcoin during 2013-15 where a fairly similar behaviour occured. It's very similar to 2017-18, so far, and lends support to the reversion to the mean scenario.
In 2013 bitcoin increased by a multiple of 11 and then, over a relatively long drawn out period of over a year, reverted to a multiple of 2 compared to 2013. A similar behaviour for 2017-18 would give rise to a value of around $1,800 by the end of 2018 or beginning of 2019, with some volatilty in the intervening period.
But circumstances are different now to what they were in 2013-15, and they continue to change, so we may see something different emerging.
Other posters were engaged in the debate with interesting comments. The whole thread has been deleted. I'd be interested to know why, if anyone would know.
