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1. Savage Garden To The Moon And Back Chords
2. Web Sets

From The Album

Savage Garden To The Moon & Back lyrics & video: (Verse 1) She's taking her time making up the reasons To justify all the hurt inside Guess she knows from the smiles and the l. TO THE MOON & BACK — Savage Garden Hani's NUM Radio Edit. 3 best mp3 from To the Moon and Back. Memorie Are Designed To Fade — Savage Garden. TO THE MOON & BACK — Savage Garden Hani's NUM Radio Edit. To The Moon And Back — Savage Garden Escape Into Hyper Space. Listen to To the Moon and Back.

Savage Garden

457,121 listeners

Lyrics

She's taking her time making up the reasons
To justify all the hurt inside
Guess she knows from the smiles
And the look in their eyes
Everyone's got…

Similar Tracks

1. Tears of Pearls

2. I Want You

3. Insatiable

4. Torn

5. Kiss from a Rose

6. Crush

1. Kiss Me

2. Save Tonight

3. She's So High

4. Summer Son

5. Every Morning

6. One Headlight

From The Album

Savage Garden

457,121 listeners

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Similar Tracks

1. Tears of Pearls

2. I Want You

3. Insatiable

4. Torn

5. Kiss from a Rose

6. Crush

7. Kiss Me

8. Save Tonight

9. She's So High

10. Summer Son

11. Every Morning

12. One Headlight

Lyrics

She's taking her time making up the reasons
To justify all the hurt inside
Guess she knows from the smiles
And the look in their eyes
Everyone's got…

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To The Moon and Back

I would fly you to the moon and back. If you'll be, if you'll be my baby*I've got a ticket for a world where we belong. So would you be my baby*?

*Crypto (Author's edition)

It was only 25 days ago when we wrote that 'The Lower It Goes, The Safer It Gets'. While this is always true, for any asset whatsoever, we get much more of the former (lower) than of the latter (safer).

It's no secret that Bitcoin (BTC-USD, COIN, GBTC) isn't - and never been - suitable for the fainthearted.

At the current price of ~$3,400, we are talking about an 83% decline from the peak price of $19,891. Few days ago we've touched the 52-week low at $3,215.

During the past 7 years (2011-2017 inclusive), there was only one year in which Bitcoin lost value - 2014 - when the price dropped 58%.

As it stands now, unless a miraculous shift happens till year-end, 2018 will go down as the worst year for cryptocurrencies in (their relatively short) history.

Cryptocurrencies - 2018 Data

(Sorted by % Below All-Time High, from worst to best)

You know what? Suddenly, -83% off peak and/or -71% total return in 2018 don't look that bad..

Cryptocurrencies - Total Market

The market cap of the top 20 cryptocurrencies has shrunk by no less than 82%. It was over $512B at the end of 2017, and it's lower than $90B now.

To put this in perspective, a change/loss of $422B is not too far of the entire market cap of Berkshire Hathaway, Inc. (BRK.A, BRK.B). I wonder whether and at what number the two market caps might meet..

With Berkshire holding 24% of its liquid invested portfolio in a single stock, even if that stock is called Apple (AAPL), I can't rule this out.

The Greenback Effect

The US Dollar (UUP, USDU) is higher against every major global currency in 2018. As such, it's no wonder to see that Bitcoin weakness is very much associated with the Greenback global strength.

Bitcoin in the Mirror of History

So Bitcoin is i) hitting a 16-month low, ii) down 83% from its peak last December, and iii) down 68% over the past year, its worst Y/Y return since February 2015.

Yet, it's interesting to see how these numbers compare to its trading history. Here are the largest drawdowns in Bitcoin's history:

1. September 2010 to October 2010: -94.1% ($0.17 to $.01)
2. June 2011 to November 2011: -93.8% ($32 to $1.99)
3. November 2013 to January 2015: -85.4% ($1,166 to $170)
4. December 2017 to Today: -83.8% ($19,891 to $3,215)
5. April 2013 to July 2013: -76.4% ($266 to $63)

In the last three months of 2017, Bitcoin hit a new all-time high once every three days, on average.

As of 12/12/2018, Bitcoin has gone 360 days - almost one full year - without a new high. To put that in perspective, the longest streak ever was 1,176 days (from December 2013 to February 2017), more than three full years.

Bitcoin Investment Trust

And when things are rough for Bitcoin, they are as rough - if not worse - for the Bitcoin Investment Trust (GBTC).

Just like Bitcoin, GBTC also hits a 16-month low. Unlike Bitcoin, it's now down 89% from its peak last December (versus 'only' 83% for Bitcoin itself).

I guess that's (at least partially) the power of management fees.

Volatility

It's back! And no, I'm not referring to Arnold Schwarzenegger here.

Recall that we were quite impressed/surprised when Bitcoin has become one of the least volatile assets during October, when the world equity markets (SPY, DIA, QQQ, IWM, IVV, VTI, VOO, VEA, EFA, IEFA, VWO) collapsed?

Well, forget about it.. The extreme (and very unusual) low volatility in Bitcoin did not last too long. Bitcoin's annualized volatility over the past 30 days is now back to triple digits.

Bottom Line

Bloomberg reports that 'What is Bitcoin?' was the most searched definition in the US and UK in 2018, according to Google Trends.

We started with Savage Garden's 'To The Moon & Back' song, and we finished with Arnold Schwarzenegger's most famous 'I'll Be Back' promise.

The most relevant, interesting question, now that Bitcoin already lived up to the song, can it also live up to the promise?

Technically speaking, Bitcoin has broken all the support levels it had during the past year. There's no real technical support here.

From the current relatively low levels, there's a good reason to be bullish long-term. Nonetheless, next levels Bitcoin may meet soon are $3,000, $2,600 and $1,800-1,900.

We now put a 70% chance for Bitcoin to trade below $3,000 and a 50% chance for it to trade as low as $2,600.

While the $1,800-1,900 level seems far away, it's not out of question for 2019.

Savage Garden To The Moon And Back Chords

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Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). How to install wifi driver in kali linux virtualbox. I have no business relationship with any company whose stock is mentioned in this article.