Bitcoin has now gone 173 days without a new high. - page 5.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: DamCryp on June 07, 2018, 06:52:22 PM

(always DYOR haha)

doing your own research also needs experience. you need to know what to search and what to look for!

for instance in this case what you should have done was to search about ALL the other times we had a bear market after a huge ATH. and there are at least 5 or 6 other times other than the Mt Gox 2013 ATH. but unfortunately people don't care about that, they just stick to the last time and analyze everything based on that!
for instance there was much shorter bear markets (2-3 months) in the past.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

If we are making comparisons, don't you think its rather unfair to compare movement in 173 days with movement in 1,176 days without bringing in other factors that could have affected price of bitcoin to swing both sides. For me, if you restrict the previous 1,176 days to 173 then compare with what we have currently, you will agree that price is not doing badly at all and the all time high that we witnessed towards the end of last year opened everyone eyes to how far can price go without any basis and we are yet to recover from but the earlier the better as that is when we will start seeing potentials in the current situation.

BitcoinNewbie15

sr. member

Activity: 574

Merit: 296

Bitcoin isn't a bubble. It's the pin!

173 days? That's nothing. It took 1000+ days for Bitcoin to return to its all time high that it hit all the way back in November 2013 ($1100+). It could take just as long for all we know, but 173 days is nothing to worry about. It is different this time around due to the increase in interest, but I don't think it will make it more difficult for BTC to reach new heights.

First77

member

Activity: 266

Merit: 32

GAME OVER

DamCryp

full member

Activity: 179

Merit: 100

"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

Topic: Bitcoin has now gone 173 days without a new high. - page 5. (Read 709 times)