RE: Are Bitcoin Bubbles Predictable?
Metcalfe-based analysis indicates that bitcoin could possibly drop as low as $2,000.00. I don’t belive it’s even possible for bitcoin to go to zero. I and milion others would be buying like crazy just from the psychological standpoints. However, if Metcalfe-based analysis are right and BTC drops as low as $2,000.00 I’m buyer like it’s at zero. I have never heard of Metcalfe-based analysis, however it completely makes sense. Also, after reading your post I took a closer look at Metcalfe-based analysis which indicates ethereum is in a strong buying zone, however it also says that its price short term can be affected by bitcoin failing lower, which had recently happened in December crash, because it was primarily due to bitcoin.
Your post just cheered me up to get motivated and not to panic if we drop this low.
Right @milano1113... While a drop could be a cause for worry for many huge investors, It's a huge opportunity for many. I challenge people that are yet to decide to join the market to invest some few bucks at a time when it's too ripe to invest. Am of the view that bitcoin will be hitting a price a lot higher than the price we witnessed it hitting at the closure of the year. These prices might never get this low again and one is bound to lose out if he doesn't decide on investing right now.