On a log chart things do not look as messy, yet the parabola is clearly still visible, two of them in fact.

Bitcoin Log Scale

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If Bitcoin's third parabola rises as much as the first two, the price target is $100,000.

But will there be a third parabola? If so, from where?

Who cares, just Hodl?

The Hodlers need a third parabola.


Fundamentally, there is no reason to expect one. Bitcoin does not scale (other cryptos claim to). Transaction costs are ridiculous.

Some claim these problems can be fixed. OK, so why aren't they? Will it matter if they are?

What about barriers to entry? Here's the answer: there aren't any.

Volatility makes Bitcoin useless as a day-to-day currency. It is a speculative plaything, even if the technology isn't.

Ideas of mass adoption seem absurd. And finally, what about Central Banks or governments ruling it illegal?

Many Hodlers ignore all these issues, but the earlier believers made a fortune.

Carnival Barkers

Those still Hodling have become carnival barkers. They have to. They desperately need more people to ignore the broken parabolas and buy on belief.

Mike "Mish" Shedlock

Plotting the Bitcoin Trend

Bitcoin chart followers note a dismal-looking trendline.

Bitcoin Technically Speaking

The Bitcoin chart is seriously broken. Support level after support level has given away. Where to from here?

Bitcoin Supporters Cannot Answer One Simple Question

What would happen to the price of Bitcoin if the US did not allow merchants and banks to make Bitcoin transactions?

Bitcoin is a Faith-Based Religion

Bitcoin is a free market construct. But it is primarily based on faith.

Bitcoin Near Support, Bitcoin Cash Crash: Where to from Here?

Technically speaking, the chart of Bitcoin looks god awful. Each bounce has been feeble compared to the prior decline.

Investigating Claims Regarding the Bitcoin Hash Rate: Fact vs. Fantasy

Analysts claim the bitcoin hash rate leads price. Let's investigate.

Technically Speaking, Bitcoin Ripe for Major Move: Which Way?

Bitcoin has been consolidating for months. Generally, and technically speaking, this suggests a big move is coming.

Don't Hate Bitcoin, It's a Free Market Construct! But "Wishes Aren't Fishes"

There is a huge difference between disliking Bitcoin as an investment and disliking Bitcoin as a construct.

Bitcoin Fad Fading: For Now or for Good?

Bitcoin failed its latest breakout attempt. Heck, it did not even come close. Down again we go. For how long?