This Time is Different, Right, Right?

https://i.redd.it/1pqes2qd9ctd1.jpeg

27 Comments

  1. You realize those charts all start at different dates of each cycle? They don’t even match the year labeled on them.

  2. Time is different, degens are the same

    People gonna short it till 100k or trying to hold their alts till zero

  3. I wish this was a self fulfilling prophecy. But I dont believe in coincidences. I already have some stacks, I’ll keep em but wont be inserting more. For now, at least.

  4. fan_of_hakiksexydays on

    While it’s true that things are still repeating…or at least rhyming, this is classic cherry-picked/manipulated charts for clickbait.

    This is made purely for visuals, and not really taking into account ratios of time and ratios of price movement.

    The one thing that’s kind of semi-accurate and worthy of noting, is yea, we keep getting a big breakout rally early on, then things settle back during the year of a halving, then it’s only later that the big rally starts.

    So I hope no one is looking at this hoping they can predict the future movement with any accuracy.

  5. Liquidity crisis alert!

    Somebody better phone the banks, I’m about to open up a $5 long.

  6. It literally is different, yes. Each time was different.

    This previous iterations had the benefit of viral adoption, reaching new audiences. This time not so much. Everybody knows about it now. Maybe some niche communities that haven’t heard of it, but nothing in comparison to those previous cycles.

    For that exponential curve to happen on the scale you are suggesting, not only would the entire world’s supply of money have to increase, but everyone would have to dump all of their money into BTC. 21 M coins.

    Growth from here is mostly just a factor of global inflation and changing sentiment of people who already know about the tech. The latter seems unlikely. And yes, sure, global inflation is a thing. And it will happen. But nowhere near the scale of the growth seen in the previous cycles.

  7. FractionofaFraction on

    Higher CoL and lack of low interest credit is going to make a difference. Things are going in the right direction but it’ll give more people pause before dumping their mortgage money in.

    Will be interesting to see how it all shakes out. Weaker cycle followed by short bear and then a blow-off top in a couple of years maybe? Or will new (old) money come in and send things stratospheric?

  8. The world is a different place to what it was a minute ago, let alone a decade.

    Had everything been the same as it was back then maybe that would make sense.

  9. It would be insane if it popped up the same exact way. To think that anybody could have participated and bought a few coins 12 years ago regardless of wealth status.

  10. intertubeluber on

    This is the last brain dead post. It’s so retarbed that I have to leave this sub.

    >!inb4 bye felicia, door etc. !<