These numbers and dates are based on the total market cap of all cryptocurrencies.
First correction:
Start: June 24, 2017: market cap 115.1 billion End: July 16, 2017: market cap 68.8 billion Total dip: 40.2% Days total: 22 Back to 115.1 billion: Aug 7, 2017 Days total until back from previous ATH: 43 Days it took to rise back from the bottom: 21
Second correction:
Start: Sept 1, 2017: market cap 178.8 billion End: Sept 15, 2017: market cap 107.5 billion Total dip: 39.9% Days total: 15 Back to 178.8 billion: Oct 29, 2017 Days total until back from previous ATH: 58 Days it took to rise back from the bottom: 43
Both are pretty similar!
Current correction: My mindless predictions based on 8th grade level statistics if history repeats itself.
Start: Jan 7, 2018: market cap 835.5 billion End: Jan 22-29: market cap 501.3 billion Total dip: 40% Back to 835.5 billion: Feb 12 - Mar 6
The difference from the first two peaks was (178.8MM - 115.1MM = 63.7MM). That’s a 55% increase. Both peaks were 69 days apart.
The difference from the current peak to the last is (835.5MM - 178.8MM = 656.7MM). That’s a 367% increase, both peaks were 127 days apart.
Sorry for the robotic repetition, but I wanted to make this data easy to absorb.
Obviously, things are a bit different now from the last two corrections. Big money is being pumped into the market and it’s changing everything. It’s likely we won’t see anything close to my mindless prediction based on junior-high level statistical analysis with all these whales in the market now. But who the fuck knows!
I’m curious to hear your thoughts on this.
For me, personally, gathering this data was rather comforting... patience, patience, patience!
[link] [comments]
from Cryptocurrency news and discussions. http://ift.tt/2D66q9b
No comments: