Studying NVT (Network Value to Transactions) and especially RVT (Realised Value to Transactions), as well as relationship between Market Value to Realised Value (MVRV ratio), makes me realize more and more bottom was likely in on Dec 2018. Sucks but all is not lost, best time to buy from risk/reward perspective is actually not at bottom but for example when we make higher low in undervaluation OR when RVT and NVT go into low valuations again, something that did not happen yet in this cycle, and would prove once again that amount of transactions is again historically high compared to value network and the demand is there for a new sustainable bull market. However after that chances become low we go deeper, eventhou at same time, chance is also low we go into strong bull as I also discovered my estimated high at top was way too high, not 20T but only 6T by 2024, still a 40x on average thou. If we get correction to $160B we will likely bounce, setting a higher low for all big coins, confirming bull market, to never hit these values again, so stash 'em high! Implemented MVRV ratio on 'Investment Plan' and connected allocation preference to it, as well as lowered odds we test bottom around $4k and make new bottom to $2k, resulting in a higher preferred crypto allocation today of 42% instead of 35%, and going to 60% instead of 55% once we hit 55% undervaluation: https://docs.google.com/spreadsheets/d/1WSeePxcqVyZ__99I-dAcvMBZuEzTq1DX8KzstSKoS5c Interesting links: Great video on RVT Ratio making me realize bottom likely in: https://www.youtube.com/watch?v=_Spm1c-aZmo https://twitter.com/MarcDeMesel/status/1182903319351693312 Full Masterclass series: https://twitter.com/MarcDeMesel/status/1182997317689008128 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: https://bitcointalk.org/index.php?topic=5138191.0 https://twitter.com/MarcDeMesel/status/1183324257813704704 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: https://cryptowords.github.io/bitcoin-mvrv-z-metric Here up to date MVRV chart where u can see we indeed bottomed where he predicted and went up since then: http://charts.woobull.com/bitcoin-mvrv-ratio/ https://twitter.com/MarcDeMesel/status/1183759819959869440