How long for a new ATH ?

٢ فبراير ٢٠١٨

BTCUSD got out of control even for a log scale, as a result this spike is correcting now. I saw some people buying for the long term, looking at the big picture and that's ok, considering the log behavior and anti-deflationary feature of BTC. So what comes to mind is how long to hold until things pickup again. So with a channel back to what some one might consider normal it turns out a new ATH could take between one and two years. So if you bought at 20K you will break even after a conservative 2 years from now. If you bought at 10K like most whales you are going safe in less than a year even if it corrects to the very bottom of the weekly channel.