anyone else notice that the recent bottom in price, 'so-called market cap (value of total coins issued) was also a test of the market cap at old ATH $266 price ~$2.5 bill.?
Seems like that will have made a very solid bottom (I'm calling it a top for the current crop of fiat currencies).
Seems like that will have made a very solid bottom (I'm calling it a top for the current crop of fiat currencies).
So, as more coins are mined, we can keep hitting lower lows without reaching a lower 'market cap' ... interesting, never thought about it like that before
It's an interesting observation, but aren't bottoms about the psychology of the players, i.e. that they missed their opportunity for accumulation at level x.