RATE Group | Emotional Rollercoaster: Bitcoin Could Follow the Amazon Fractal, Big Upside Potential
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Emotional Rollercoaster: Bitcoin Could Follow the Amazon Fractal, Big Upside Potential

20 Nov Emotional Rollercoaster: Bitcoin Could Follow the Amazon Fractal, Big Upside Potential

Posted at 17:49h in Bitcoin News by

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Markets, whether it’s Bitcoin or Amazon stocks, are cyclical and are driven by the same dynamics such as supply and demand, speculation, and the emotional state of investors and traders making up each market.

According to one analyst, Bitcoin is following a fractal similar to when Amazon stock price corrected following the dot com bubble burst, and it could lead to quite the emotional rollercoaster if the first-ever cryptocurrency follows the same path. However, for those that can withstand the ride, they’ll be rewarded with the financial investment of a lifetime.

Is Bitcoin Following Post Dot Com Bubble Amazon Stock Price?

Bitcoin, and the crypto hype bubble of 2017 has been compared to everything from the dot com bubble, to tulip mania, and everything in between. Certainly, some comparisons can be drawn just due to simple dynamics within a speculative market, however, there appears to be some additional similarities between Bitcoin and post-dot com bubble Amazon stocks.

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