I heard someone in chat say "but, but what about Apple!? They recovered and went to ATH after their bubble popped!" and this made me curious to see what exactly did happen to apple during the dotcom bust and thus this chart was born.
Summary- APPL hit an ATH around $5.40 and eventually collapsed to $.90 causing it to lose roughly 84% of its value
- After capitulation, despair set in and led to APPL ranging around 4 almost 4 years in the pit of misery
So far BTC has been declining for roughly 4 months
If Bitcoin followed the path of Appl, a stock that perma-bulls love to quote as being "proof" that "a lot of companies survived and thrived after the tech bubble!" , it would have an ultimate bottom of $3,200 and would range in the shallows from 1-4ish years.
So, ok, maybe bitcoin will follow the path of the few companies that came out of the tech bubble and survived only to go to new ATH and change the world economy forever BUT before that can happen there is alot more pain on bitcoins plate.
Thanks for reading and good luck and God bless to all of you!
Red Boar
Summary- APPL hit an ATH around $5.40 and eventually collapsed to $.90 causing it to lose roughly 84% of its value
- After capitulation, despair set in and led to APPL ranging around 4 almost 4 years in the pit of misery
So far BTC has been declining for roughly 4 months
If Bitcoin followed the path of Appl, a stock that perma-bulls love to quote as being "proof" that "a lot of companies survived and thrived after the tech bubble!" , it would have an ultimate bottom of $3,200 and would range in the shallows from 1-4ish years.
So, ok, maybe bitcoin will follow the path of the few companies that came out of the tech bubble and survived only to go to new ATH and change the world economy forever BUT before that can happen there is alot more pain on bitcoins plate.
Thanks for reading and good luck and God bless to all of you!
Red Boar
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน