>>12410421That is don’t how economics work dude nor bitcoin
>>12410421Very well may be in or close to in, but the market will not recover for a long time (if ever going back previous ATH). Maybe in early to mid 2020 we'll break the $8k again and over around $8k-$10k for a few years.
>>12410471>thinks bitcoin works within a normal economic structure
tldr for brainlet please
>>12411411long term holders will capitulate soon, creating new long term holders for the next cycle
>>12411435i can not capitulate with no exchange account I have strong hands
TLDR; buy the top, sell the bottoma biz story
>>12411411next bubble top 2022 eoyafter halving we start climbing
This is good shit.
>>12411411My understanding: If you receive coins to your address and you don't spend them, that transaction is part of the UTXO (unspent transaction output) set. Then if you send all your coins to another address, that old transaction becomes "spent", and now there is a new "unspent" transaction. So if you look at the UTXO set you can see the coins that haven't moved/haven't been spent. This chart breaks the UTXO set down into coins that haven't moved in 3-6 months, 6-12 months, and more than a year. The peak of the 1 year+ UTXO (i.e. peak longer term holders, and low number of newbies) seems to happen sometime before the bull run since there aren't many new users entering, then gradually decreases (in percentage terms) as more noobs enter and a new bull cycle begins. The 1+ year UTXO floor happens some time after the crash (due to the recent influx of noobs, and long term holders cashing out), and the price bottom happens some time after. Then rinse and repeat: the 1+ year UTXO starts to rise (which is happening now) and eventually peaks, which sets the stage for a new bull run. This suggests the bottom is around now, and we're in the accumulation phase before the next bull run.