This uncanny chart shows the Bitcoin bubble could be about to burst

This uncanny chart shows the Bitcoin bubble could be about to burst

MSM found the meme chart

fake news

Nice, just bought 100k ;)

time to buy guys

k keep me posted nigger

SO if this does happen, what next?

((reporting))

The delusion of Veeky Forums knows no bounds.

Buffett predicted it'd all come crashing down sooner rather than later.

An asset becomes a bubble when fundamentals yield to FOMO—a “a fear of missing out” on the action. But bitcoin’s FOMO bubble is popping, even as economic fundamentals charge forward. Look at the countries most responsible for bitcoin’s collapse. Both commodity demand and state-enterprise profit in China have reached record highs. Korean stocks have grown by more than 20 percent in the last 12 months, while Japan’s Nikkei Index has popped, growing from about 23,000 to about 24,000 in the last four weeks. Meanwhile, in the U.S., the stock market just screamed past 26,000 for the first time in history.

Blockchain may be the technology of the future. But it has practically nothing at all to do with the economy of the present.

They could have got the same graph back in December crash too. or the china FUD, or the Bcash fork. Basically anywhere there is a significant dip it looks like this graph once you adjust the vertical scale

Thanks for the warning

post more yiff gifs

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I tried to bring up crypto to a friend of mine recently. Love the guy, but he's on the normie / bluepilled side. Sure as death, he posted me pics like OP's. I haven't even told people I do crypto but everyone assumes I do because I explained the technical side of it once and defended that it's not a ponzi scheme.

>Adjust vertical scale

and timeframe too. Dotcom bubble lasted around 5 years and recovered back to ATH around 15 years later. Bitcoin bubble has lasted a little more than a month, so if we are drawing a 1:1 comparison, then BTC will be back to 19-20k in about 3-4 months.

>BTC will be back to 19-20k in about 3-4 months
I'd say that's an actually reasonable prediction.

Q: Is BTC a bubble?
A: Maybe

Q: Is that chart true?
A: Only in hindsight

hi kitty

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You're nearly spot on but don't forget that the value of crypto was increasing year after year due to adoption, scarcity and inflation. Two of those factors haven't changed during the bubble, but adoption has obviously skyrocketed - POS terminals were getting sold throughout 2017 and I don't expect they'll be returned. Not everyone sitting on their buttcoins will sell them on the internet, there are faggots who are cashing out at businesses nationwide. You better believe in bumpy landings, user.

god damn furries. yeeeckk

the great thing about this meme is that you can go back to the very start of btc and the chart matches up in 100's of spots! It's the ultimate troll weapon

fixed

YIKES

Only chads here SoiBoy

holy fuck sell now. i dont want to owe money which i haven't invested.

>my sides

or you take only the second half of the top chart and we're now in the bottom
hey look i can make graphs mom

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I hate furries but thats some fucking smooth as fuck animation
Especially considering its pixel art
Why do these furries always use their powers for evil

>posts desperate nocoiner for the 10th time since the start of this year

It's not pixel art, it's oekaki, and it's not smooth, it's traced/rotoscoped over another non-furry animation, and it's not furry, it's an Elder Scrolls (Khajit) fan comic without porn/nudity.

Back to the neet life

After all the shit and crashes we saw, i also believe this will happen

Calm down, Buffett is an old retard who said he'd never invest in tech and then bought apple 2006 after it had mooned so hard.
Having float money to buy companies doesn't give you any advantage in crypto, he is too fucking lazy to even try to understand btc.
That said it will go down, btc is a meme.

>shows
>could be

SOMEBODY EXPLAIN TO THIS PAJEET WHAT IS WRONG WITH THIS PHRASING.

RRRRRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

It won't stay in the bottom for too long that I can assure you. A lot of people would see that as an opportunity to buy in the thousands again.

No, then he would join the market and ectually earn shit

Wait till the msm boys find this one

This is the only meme chart that matters.

Be fearful when others are greedy and greedy when others are fearful

fucking kek, this is a good one

Buffet is hardly an investing genius, just coasting on some original good investments. If I bought a million bitcoins in 2009 I'm sure I could sell them and invest that into dividend paying stocks that would make me even more money at a slower clip, but that wouldn't make me a genius.

This. If bitcoin crashed to triple digits I'd sure as hell spend every last cent I have.

This is the only meme chart that matters

>Blockchain may be the technology of the future. But it has practically nothing at all to do with the economy of the present.

my nigga

alts won't die if btc goes down that slowly

And?

>logarithmic time

holy shit my sides

can still trade
its a polynomial regression you retard

This chart may be accurate for the total market cap of crypto. Not necessarily btc

They don't seem to understand that the chart has looked like this 40 times this year. It will look like that all the time on a linear chart.

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too real