General Discussion Topics, page-116970

The poster also noted BTC and stated that even BTC had not seen the bubble extreme that SYA had. So i decided to look at this as well. When we look at BTC and follow a similar methodology to my previous methodology we come up with the following.



The number of days from the peak SYAs price back to the 24 March was 754 day. If I use that as a reference and go back 754 days as the starting point to calculate a % increase to the peak price for BTC we get a 5 increase of 5930% - somewhat larger than SYAs peak.

Please note however that this was for the first BTC peak, which ended in 2018. This was because the tech was new, innovative, captured people's imaginations, and caught a whole heap of people up in a bubble and irrational exuberance that they shouldn't have been involved in. When we look forward a few years we see that BTC "fall" paled in to insignificance compared to the second peak in absolute $ terms (not % increase terms).


Once again, I would caution people to look at available data rather than listen to the person with the biggest bullhorn making the greatest noise.

IMO DYOR