If history repeats itself, we could be in for a rally in June - page 3.

Twinkledoe

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Quote from: Ryan Dugan on June 11, 2019, 06:31:38 PM

I agree with the person three posts up of mine. (With the graph) if you look at the graph you can see it just see saws. It is a similar situation to when bitcoin dropped down into that dio during the end end last year. The price stayed stable in the 3-4k for a long time and then went up in a very short time all of a sudden. Just like now bit now is 7-8k. I think this will just continue to happen in steps.

The continuous adoption of bitcoin all around the globe will keep the value of btc increasing. Gradual increase is better than drastic one. I don't think we will have a btc rally this month. But maybe in the coming months.

But the price increase from 3-4k level, is already showing good future of bitcoin. A lot of users become optimistic again with the developments in crypto nowadays. And with that, more merchants are joining again the btc adoption.

Ryan Dugan

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I agree with the person three posts up of mine. (With the graph) if you look at the graph you can see it just see saws. It is a similar situation to when bitcoin dropped down into that dio during the end end last year. The price stayed stable in the 3-4k for a long time and then went up in a very short time all of a sudden. Just like now bit now is 7-8k. I think this will just continue to happen in steps.

mamahdedeh

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Waw, I really hope that rally will happen in this June. I hope the rally comes true. If the rally can recur then the crypto currency is better and the profits we get are also greater. Yeah, we can only hope and pray. Besides that, we can contribute simply by staying active in the market. The more players active in the market, the easier the rally will be. We can only hope that the good condition of the crypto currency can survive and can improve well. If the crypto currency is getting better, the global economy will benefit well because of the increase in people who become prosperous.

thesmallgod

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It seems the price is a bit stabilized now and its not like before that crypto will continue dropping for many days. I know everyone is eager to see crypto boom again. Everyone is patiently waiting for breakout and if things go on well, things can fall into order and we will see crypto rally. We are still in the middle of the year and I am very optimistic crypto will witness another surprise. July/August is my own target. I think we shall see crypto rally and everyone can have a beautiful Christmas when the time comes Grin

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this:

shows that the price is stagnant in the $7000 and from what I see it being very difficult to overcome the resistance that has in the $8000. it could be that the price stays in the $7000 for a long time

Quote from: princesspoppy on June 11, 2019, 10:59:07 AM

but let's hope that this will be a great month for us.

I think we have to focus on the long term.

partysaurus

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Quote from: princesspoppy on June 11, 2019, 10:59:07 AM

We don't really know what will happen to the market, will it be the same as last years' trend or will it follow a different path this time. We don't know what will happen but let's hope that this will be a great month for us.

yes past trends does not set future trends , sooner or later a trend is going to get broken, it cant last forever.

Vishnu.Reang

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I don't trust these stats. Most of the times, a real trigger was there for the bull runs. For example, in 2013 and 2017 it was the block reward halving (the impact being felt 6 months after the actual halving). And for the remaining years, there was no real bull run. Only some temporary spike, succeeded by volatility in the exchange rates.

princesspoppy

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We don't really know what will happen to the market, will it be the same as last years' trend or will it follow a different path this time. We don't know what will happen but let's hope that this will be a great month for us.

iMark

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Quote from: bhabygrim on June 05, 2019, 07:48:16 AM

We couldn't really be so sure about things in the future.
But I think we all want Bitcoin to have a strong up trend right now.
Even if it has happen before a multiple times we couldn't guarantee that it would always be the same.

Yeah, we cannot always promise that price movements will always be the same each year, and if seen from every history on the market, prices will never be the same every year. so don't expect too much the price to be the same as the previous year. Now prices are still stable, it might last several weeks, depending on what news is coming

prehisto

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Quote from: ee00ffk on May 31, 2019, 11:13:22 AM

Let me know what you guys think, june historically has been a good performer 5 out of 7 years.

https://youtu.be/0kwGxZQOgYs

I think it is very optimistic to say the least, we just had an incredible rally from 3 k to 9k.
Yes, we can touch the 10k but I believe that it would be much healthier to go to 6k first not to go to 10k and then go back down.

jake zyrus

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Not in all aspect we can say that the history repeats itself. I think the future price will still depends on what is happening in the present. And we will only know that when we get there but I hope, sooner we will get some good news.

Mike Mayor

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If it was predictable then last year would have done well like the previous year. I don't think we can predict a repeat. There is far more interest in bitcoin then ever before and it won't just roll back.
I think the price will increase then go down but in such a way that the graph almost looks like steps with slight spikes. This means the price goes up then down and repeat but each time the low price is higher than the last spikes low price. I mean how can bitcoin not go up? To me its a sure investment for long term. I don't think many have doubt in their mind 5 years from now they were glad they bought and held the bitcoin that they did.

BrewMaster

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Quote from: Vishnu.Reang on June 05, 2019, 01:45:58 AM

Quote from: rdluffy on May 31, 2019, 01:10:43 PM

Past is not a guarantee of future
I hope BTC hits at least 10k and keep the price for June, let's see
I'm not a big fan of this kind of thought, today is another time, another news, another kind of thoughts, it's not the same...

Agreed. The Bitcoin price can't be predicted based on the past charts. But I hope that 2019 turn out to be a good year for Bitcoin holders. In 2018, Bitcoin lost 85% of its value, and nosedived from $20,000 per coin to just $3,000 per coin. And this fall was not justified, as the user-base and popularity remained as strong as ever. I regard 2019 as an year of consolidation and 2020 as an year in which we'll climb new peaks.

although it can not be predicted with accuracy but we can see how bitcoin has a general trend that sticks to. in other words you can predict certain stuff from the past since it has already happened at least 6 times maybe more.

this trend i am talking about is this: price rises slowly at first and after some time the momentum grows until the rises become very fast. eventually we see big spikes where price shoots up and that is the bubble. then the bubble bursts and price starts falling and market enters a long bear market until it reaches a bottom and the same thing repeats.
.... that is why it is usually referred to as a roller coaster.

bhabygrim

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We couldn't really be so sure about things in the future.
But I think we all want Bitcoin to have a strong up trend right now.
Even if it has happen before a multiple times we couldn't guarantee that it would always be the same.

Vishnu.Reang

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Quote from: rdluffy on May 31, 2019, 01:10:43 PM

Past is not a guarantee of future
I hope BTC hits at least 10k and keep the price for June, let's see
I'm not a big fan of this kind of thought, today is another time, another news, another kind of thoughts, it's not the same...

Agreed. The Bitcoin price can't be predicted based on the past charts. But I hope that 2019 turn out to be a good year for Bitcoin holders. In 2018, Bitcoin lost 85% of its value, and nosedived from $20,000 per coin to just $3,000 per coin. And this fall was not justified, as the user-base and popularity remained as strong as ever. I regard 2019 as an year of consolidation and 2020 as an year in which we'll climb new peaks.

shoreno

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History do really repeats itself as well as here on cryptos and infact it did happen at all times not only on this year but also on other previous years as well where crypto market is experiencing an unusuall recovery and pump but i see that you are only talking about the june rally , so far we have already started the month of june but no signs of rally yet , just a mere correction .

naufals4

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Quote from: ee00ffk on May 31, 2019, 11:13:22 AM

Let me know what you guys think, june historically has been a good performer 5 out of 7 years.

https://youtu.be/0kwGxZQOgYs

seen from a few months ago the price of bitcoin has always gone up, there may have been some time down a bit but after that it went up again. in my opinion this is the right time to invest in cryptocurrency because the more bitcoin gets stronger the value of the other coins will follow it.

jakelyson

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It can be but as investment advisors always say, past performance does not guarantee future performance. So bitcoin can have a good performance for the past 5 years on the month of June, but it may not be true this year.

gaitonde

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It is possible the month of June and July plays a vital rule in the market condition there is some points which can grow the market 200 B to 400 B quit possible lets see what happen I am quit excited about that anyway.

tukagero

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How i wish the rally that will happen this year is far better than 2017, and could take bitcoins price to 1000,000$ and marketcap of all coins will in trillon of dollars .

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