Crypto market 1 year ago - 2017 November 2nd
Market cap : $185B ($206B now)
Bitcoin : $6613 ($6373now - the best)
Ethereum : $299 ($199 now)
Steem : $0.91 ($0.8 now)
BTC Dominance: 59.5% -> 53.8% now (up from 32% in 2018 January!)
Nov 02, 2018: The current Mayer Multiple is 0.89 with a $BTC price of $6373 and a 200 day moving average of $7142. The Mayer Multiple has historically been higher 77.02% of the time with an average of 1.52. I will start selling from a multiple of 1.6.
Data from mayermultiple.com
If last year this time BTC was at $6613 and went to $20k, it can do it this year too from current $6373. This year Bears have only reversed the final two months of 2017. The best time to accumulate BTC is when the majority is broke and bored. I think we are around that.
"Bitcoin will continue to do what Bitcoin does. Nobody controls it. We are all learning what it does. Adapt to it as it evolves. It will not adapt to you." Quote from Eric Lombrozo.
Screenshot of coinmarketcap.com
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Very helpful.
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