2011 Most Likely, Bottom In But Sideways at Lower Valuations

Showing charts that in 2011 we also saw very strong rebound once bottom was in, causing NVT and RVT to go sky high again during rebound/breakout, indicating a strong correction, that did come, but did not make new lows.

Difference with 2011 however is that growth has slowed down a lot for whole industry, simply because we are at much higher market cap. If history repeats, today's trendline will be a top valuation for next boom, indicating a top of only 4T by 2023. This implies that prices for next year will likely be lower as they are today so that trendline, like in previous cycles, can slow down dramatically in growth rate compared to today.

During this sideways movement very likely we will see new highs in undervaluation compared to trendline, as well as again valuations below 10 for NVT and RVT proving that onchain demand for blockspace is high again compared to value network, and a long sustainable bull market is likely to come again, at which point, if u missed it at the bottom of $110B like me, a second chance to go to a majority crypto allocation will present itself.

Links:
Great video on RVT Ratio making me realize bottom likely in:


Full Masterclass series:


Projected trendline always had to be adjusted downwards once next cycle completed, if true again next cycle, we will not peak out @ $20T total crypto market cap in 2024, but @ $6T:



Awe_andWonder his article where he predicts how the #bitcoin bottom will look like before it happened months later. After he became bull and dissapeared:


Here up to date MVRV chart where u can see we indeed bottomed where he predicted and went up since then:



My investment plan:

Valuations