Posted by Stormpilgrim at the Chartology Forum….where some of the best Gold Minds hang out. ( for Rambus Subscribers)

“The charts for WEED.TO, NVO.TO, and Bitcoin look awfully similar

. Not sure why. Maybe it’s just a symptom of speculative froth all over. So Bitcoin’s selling off, stocks are selling off, bonds are selling off, PMs are selling off…where’d the money go? Mattresses?”
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Reply……Plunger

Money Heaven
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Reply….Fullgoldcrown

LOL Plunger….more like hell

Stormy…that’s a good question….

Yes there are a LOT of charts and sectors doing the parabola and bust thing….you know like the one we all participated in and never sold …you know that ride to “almost” $2000.

Well low and behold Bitcoin which was $1 when Gold EXploded in 2011 …. Out does gold by a factor of 10 and “almost” gets to $20,000

Same stuff all over…HOT MONEY

……….First it Warms you then it Burns you ……….sometimes to a crisp

….so far this Fire has not spread to our neck of the Investment Woods….yet!

You are right Stormy…I have been thinking about this too…..this helps to crystalize the thought
parabolas and the psychology behind them

Parabola in Micro Miners ( BreX mania) 1997)
Next… Parabola in Naz into 2000
Next…. Parabola in Oil into 2008
Next…. Parabola in Silver into 2010
Next…… Parabola in Gold into 2011
Now …….Bitcoin in one month end of 2017…..
Now……..Pot in 2018
Now select miners GGI and NVO …boom and bust in weeks

Isolated rock explosions and crashes are popping up every where…that’s nothing new but the speed at which these manias flare then flame out is increasing
Garibaldi in 2018
Novo in 2018.
Pot in 2018
Bitcoin in 2018

Now …here’s the thing.. Goldophiles have lived thru a classic Parabolic Blowoff in your favorite market…but most of you never sold !…….. and rode it all the way to half in the metals and up to 90% off in the miners…so far !

So we should watch the emotions and actions of the BIT players as they either carry on their merry way to $1,000,000 or they slowly come to their senses….. that the party is Now Over …. it ended just short of $20,000
and if you are still in from $1 you are an idiot…you shoulda sold at Christmas…..A smart guy would have opened his present…its 1 bitcoin….ok…I’ll set up a wallet and sell tonite…its open for trading 24/7/365.
The Price Christmas Day ( 5 weeks ago) was $1600….that’s close enough to a parabolic Top for braging rights
The price MAY get back to $16,000 for another chance to sell…but you WONT because your perspective has changed again and now that you are whole….you are going for the MILLIONs ! But then the price drops a little off this $16,000 rebound….its an echo top…Last Chance Saloon…but you cant see that…all you see is $1,000,000….straight ahead…anyhow this time you get nervous faster and you and everybody else sells hard…..now its every man for himself…and the shorts take NO prisoners

So what can we do with this experience we have …we can learn that next time there is a mania its better to get out on the way up than try to on the way down !

So this begs the question..how long does a Bitcoin Holder have to wait to get back to the top ?

BreX 1997 Bust….new highs in Miners 2006…..10 years
Naz 2000 bust…..new high 2016……16 years
Oil 2008 bust…presently less than half that price 10 years later.
Silver…10 year anniversary would be 2020
Gold…………………………….2021
Silver ………a sweet sixteen years after the top ( the baby you had at the top is now 16 years old) ….2026
Gold……………………………..2027

and remember the 1980 Parabolic top tic at $850….?….some of you old timers played in that parabola too

( of course we sold at $800 right)

How long did it take to recover >? to a new high >? 27 Years ! ( and most held…except the ones who died and their heirs sold the damn stuff the day after the funeral )

Finally there is the Silver 1980 $50 Top ( did you sell the high tic ?)….here we are ..37 years later…still not higher high ! ( who do you think is going to cash in on your stash ….Your Son’s / Daughter’s… in law ?)

Yikes….I scared myself

OK….I’m changing the will…leaving it all to my Ass

Tic tic tic…Bitcoin presently circa $8,500 on its way to ?

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And now The Chart everybody Loves to Hate ( Me Included)