Is there a reason why almost all cryptocharts have this special look?

KingScorpio

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Quote from: jessyj48 on February 02, 2019, 01:21:25 AM

That was the last bullrun graph that happened between 2017 DEC to 2018 march and that got many people rushed in thinking it will never drop again so here we are today ,bitcoin lose it's value and back to 3000$plus but that doesn't mean more people won't rush in when another bullrun comes,hopefully.

ok go on hoping

jessyj48

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That was the last bullrun graph that happened between 2017 DEC to 2018 march and that got many people rushed in thinking it will never drop again so here we are today ,bitcoin lose it's value and back to 3000$plus but that doesn't mean more people won't rush in when another bullrun comes,hopefully.

KingScorpio

sr. member

Activity: 1470

Merit: 325

i think i should add a speaking bubble "fuck you i am gone with your hard earned money"

KingScorpio

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Activity: 1470

Merit: 325

Quote from: Kakmakr on February 02, 2019, 12:34:24 AM

We are in a correction phase, what else did you expect? This phenomenon is not unique to Bitcoin, most stocks and commodities goes through similar cycles. Go back to the Dot com crash and the real estate market crash and you will see the same charts.

We had a massive boom market in 2017 and every ATH will eventually need a correction phase and we are slap bang in the middle of one now. It takes a few years, but we will eventually recover like the real estate market and IT companies recovered. Wink

correction phase, jes if correction includes absolute market destruction

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

We are in a correction phase, what else did you expect? This phenomenon is not unique to Bitcoin, most stocks and commodities goes through similar cycles. Go back to the Dot com crash and the real estate market crash and you will see the same charts.

We had a massive boom market in 2017 and every ATH will eventually need a correction phase and we are slap bang in the middle of one now. It takes a few years, but we will eventually recover like the real estate market and IT companies recovered. Wink

CryptoBry

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Quote from: joniboini on February 02, 2019, 12:20:38 AM

It's because all of them mooned in December '17 to Jan '18. New moon boys join the ride and blindly buy anything because it seems any coins can make them rich quickly. After that, they crashed dramatically altogether and a lot of people leave the market because they think this is another failed experiment. The graph is quite funny though.

Unfortunately, I was one of the many who assumed at that time that things will continue going up and will never be coming down and that there will never be bubble at all. We forgot that this is still dealing with real marketplace and with real people. We forgot to learn the lessons of the history of investing and thought that we could ber supermen inj many aspects. And then we were surprised with great disappointments later. One factor here is that at that time many newbies were really got involved with the cryptocurrency market without the very basics of investing. I am wishing that this year all of these can be rectified so that comes 2020 the cryptocurrency market can be made up of people who know what they are doing.

joniboini

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It's because all of them mooned in December '17 to Jan '18. New moon boys join the ride and blindly buy anything because it seems any coins can make them rich quickly. After that, they crashed dramatically altogether and a lot of people leave the market because they think this is another failed experiment. The graph is quite funny though.

KingScorpio

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Activity: 1470

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does it describe the mindset of the ICO issuers and the market makers towards the market customers?

i think so, you cant escape to show off your mindset's secrets that easy.

https://coincheckup.com/coins/nem/

bitcoin chart looks also this way, just check:

https://coincheckup.com/coins/bitcoin/

Topic: Is there a reason why almost all cryptocharts have this special look? (Read 80 times)