Topic: BTC parabolic bull run will not happen everytime - page 4. (Read 488 times)
You may be correct. For Bitcoin's health sake, it may be better that we take a long way to get to the ATH again. Slow and steady wins the race. Rocketing up to $20k again in a matter of days like we did, you end up paying for that high speed action sooner or later. We will go slowly towards $20k, and when people realize how Bitcoin was never dead and it's now higher than ever, the new FOMO cycle will being, exponentially, dwarfing the previous high, just like the $20k peak now dwarfs the insignificant (and insanely high back then) $1300 peak of the MtGox days. The question is, what will be the peak in the next fractal formation? Some say above $100,000 pretty much guaranteed.
Sure looks like a fractal pattern playing out to me. Things should be more clear in another 42 months.
What does this mean for those of us suffering from squiggly line blindness?
I have zero expectation of another ATH until the next halving. We could be scrabbling around all over the place until then. I am however dead curious to see how much money is ready on the sidelines if it decides to stretch its legs before then.
Everything is possible on the crypto currency market, so never say never. The potential of the crypto currency market has not yet been disclosed by 99%, so there can be a sharp increase.
Sure looks like a fractal pattern playing out to me. Things should be more clear in another 42 months.
we don't know what will happen but what I think is bitcoin price will continue to increase from the foreseeable years to come and it will be a roller coaster ride every time because not all is ready for the technology of bitcoin some are fearful for the risk and some are ready to risk because they are believing that bitcoin is capable.
Yes, many also predict that in 2018 this bitcoin price will not reach its peak, and many people who already like no longer trust in bitcoin. But I still believe in bitcoin, if in 2018 this bitcoin price does not jump, then I will remain patient waiting for 2019.
People who lost trust in bitcoin are those who bought in ATH. People who bought in early 2017 or earlier and did not change into fiat is only regretting of not doing so but they did not lose trust. They have experienced the volatility of bitcoin price at least twice. They have witnessed downfall as well as rise. But after a massive parabolic bull run, it will obviously take more time to recover but who knows usually market reacts opposite what people thinks.
While most of the people are awaiting the massive bull run like in 2017 winter again, it will not be a case again. While I wish BTC to go into new ATH before the end of this year, I think that reaching 13K to 14K gradually testing every pivotal point before the end of this year is more realistic and more healthy for the market too.
I am bullish in Bitcoin doesn't mean I am expecting parabolic run every time bulls ticks on. The 20K level that bitcoin reached last year was a enormous craze and mostly FOMO and/or may be manipulation which will not happen again and again. So, the people who bought at 20K will have to wait for few more years for that massive bull run to return, that's why they always says "patience is key".
I am bullish in Bitcoin doesn't mean I am expecting parabolic run every time bulls ticks on. The 20K level that bitcoin reached last year was a enormous craze and mostly FOMO and/or may be manipulation which will not happen again and again. So, the people who bought at 20K will have to wait for few more years for that massive bull run to return, that's why they always says "patience is key".
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