Topic: Getting tired of bitcoin sideways action (Read 1147 times)
Price stability is good for payment system.
pioneers that entered the market mid-2013 or earlier.
Pioneers? Mid-2013?
I thought pioneers were those who were in before it broke $1.
We're still all early adopters though.
Based on 'most' of recorded price history, base trendline should be doubling every 4 months, 20% increase per month, on average over a long period.
It gets frustrating seeing so much sideways motion when my expectations are a return to the 'norm' pricing behavior.
Maybe I need to stop looking at the price for at least a fewmonths! years.
there, I fixed it. Kind of like a watched pot never boils. I have been in through 2 growth spurts since January 2013, and was kinda expecting a 3rd one. I am not complaining that it seems to be up a bit (less than double) in the last 3 months, but hey, bitcoin has been going up about an order of magnitude most years. That tends to set expectations pretty high. It gets frustrating seeing so much sideways motion when my expectations are a return to the 'norm' pricing behavior.
Maybe I need to stop looking at the price for at least a few
What is "norm" pricing behavior in your opinion?
Probabily getting as much ROI as the pioneers that entered the market mid-2013 or earlier.
I think its impossible to see such big returns again, giant ROIs base solely on holding aren't susteintable, you need to create wealth, or at least kearn how to trade. This or be patient with the returns just by holding getting smaller an smaller.
I think it's entirely possible to see returns on the scale of mid-2013 ($100) to now ($650). $4,225 would get us there.
I also think it's possible to see returns on the scale of mid-late 2012 ($15) to now, at some point .We would need to see $28,166 - not an unrealistic number down the road) Probably not as quickly as 2 years though!
What is "norm" pricing behavior in your opinion?
Probabily getting as much ROI as the pioneers that entered the market mid-2013 or earlier.
I think its impossible to see such big returns again, giant ROIs base solely on holding aren't susteintable, you need to create wealth, or at least kearn how to trade. This or be patient with the returns just by holding getting smaller an smaller.
A few monthes ago, when there was this never ending ~800,00$-consolidation pattern I was really pessimistic while there were a lot of delusional "to da moon", "tommorow we'll hit 10,000$"- postings.
Now it's nearly the contrary: a lot of "this is the end of bitcoin" Postings while I'm (moderately) optimistic.
Even with my very conservative and hesitanting investments I made ~25% of profit.
So of what sideway action you're talking about? Waiting for the next big move forwards above 1,000$ to 10,000$? It'll come sooner or later...
...or never.
We'll see.
Now it's nearly the contrary: a lot of "this is the end of bitcoin" Postings while I'm (moderately) optimistic.
Even with my very conservative and hesitanting investments I made ~25% of profit.
So of what sideway action you're talking about? Waiting for the next big move forwards above 1,000$ to 10,000$? It'll come sooner or later...
...or never.
We'll see.
You think this is sideways?
2012 was sideways.
2012 was sideways.
+1
What is "norm" pricing behavior in your opinion?
You think this is sideways?
2012 was sideways.
2012 was sideways.
Based on 'most' of recorded price history, base trendline should be doubling every 4 months, 20% increase per month, on average over a long period.
It gets frustrating seeing so much sideways motion when my expectations are a return to the 'norm' pricing behavior.
Maybe I need to stop looking at the price for at least a few months!
It gets frustrating seeing so much sideways motion when my expectations are a return to the 'norm' pricing behavior.
Maybe I need to stop looking at the price for at least a few months!
If you are tired of sideways action in bitcoin, well boy are you happy you're not holding any other crypto coins.
Many of the people invest like you, and then hope for large gains in insane short period of time, but what u need to understand is that bitcoin isnt as volatile as it used to be, and market isnt easily stirred.
It shows that bitcoin is reaching its stability stage, and after possible 10-15% drop , it will finaly find its place from where it will slowly grow.
Based on 'most' of recorded price history, base trendline should be doubling every 4 months, 20% increase per month, on average over a long period.
It gets frustrating seeing so much sideways motion when my expectations are a return to the 'norm' pricing behavior.
Maybe I need to stop looking at the price for at least a few months!
It gets frustrating seeing so much sideways motion when my expectations are a return to the 'norm' pricing behavior.
Maybe I need to stop looking at the price for at least a few months!
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