BTC Beginners Evaluation - Longtail
The beginning of the cryptocurrency is indicative of a long tail where at a large global outlook (5 years) the trend seams to be fairly steady with no major variations. This is before a cryptocurrency has been extremely exposed to interest from a large audience.
The length of the tail shows that the cryptocurrency has been established for a long period and can be compared against other cryptocurrencies. Bitcoin is one of the first so it will have the longest duration.
Looking at (all) as the duration a small blip happened at end of 2013 where it could be seen that this may be a bull market but slowly dropped off. The behaviour of how this dropped off (bearish market) is also worth to note. This is like a sharp spike then a slow dilution. Could this behaviour happen again?
Since the start at end of 2011 to mid 2017 on my roughly drawn trendline, the price went up from $80 to approx $1100 (+1275% ie x13 ish).
During this whole period, bitcoin and blockchain technology was still being developed, with a few bad publicity along the way. The long tail period is not indicative of where mass interest. This happened at the intersection possibly start of 2017.
The length of the tail shows that the cryptocurrency has been established for a long period and can be compared against other cryptocurrencies. Bitcoin is one of the first so it will have the longest duration.
Looking at (all) as the duration a small blip happened at end of 2013 where it could be seen that this may be a bull market but slowly dropped off. The behaviour of how this dropped off (bearish market) is also worth to note. This is like a sharp spike then a slow dilution. Could this behaviour happen again?
Since the start at end of 2011 to mid 2017 on my roughly drawn trendline, the price went up from $80 to approx $1100 (+1275% ie x13 ish).
During this whole period, bitcoin and blockchain technology was still being developed, with a few bad publicity along the way. The long tail period is not indicative of where mass interest. This happened at the intersection possibly start of 2017.
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