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The Great Bitcoin Flattening

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Published: 14 Dec 2017 › Updated: 14 Dec 2017The Great Bitcoin Flattening

The Great Bitcoin Flattening

I started to invest in crypto in November 2015. Bitcoin price graph looked like this then:
Screenshot-2017-12-14 Bitcoin Price Index - Real-time Bitcoin Price Charts(1).png

It's hard to miss that huge $1000 bump in late 2013 which propelled Bitcoin to fame. Frankly, I thought Bitcoin was unlikely to reach those heights ever again, so I invested primarily in altcoins back then.

This is how it looks today:

Screenshot-2017-12-14 Bitcoin Price Index - Real-time Bitcoin Price Charts(2).png

That huge spike is hardly noticeable today. It has been flattened. New users probably don't even notice it. Of course, many are thinking now "OK, this cannot be flattened yet again". But that's exactly what I thought in November 2015. The fact is Bitcoin has increased 5100% in value since then, a figure which can be matched by only a few altcoins.

My guess is it will be flattened again, the only question is how long it will take this time.

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