Topic: Lessons from the Past: When bitcoin's price stabilised - page 5. (Read 871 times)
Alright, current price movements isn't boring for me, because silence is forecast of sudden violence. As we know current global economic conditions isn't so good at the moment due to pandemics. But comparatively bitcoin playing very well even during this pandemic. When we have a cure, then our global economy will bump. So, at the same time we would expect a bull runs on bitcoin price as well. Most likely OP points are valid, it would repeat once again. We don't know when it would happen, but the overall price trend indicating for good things.
the funny thing is that this stability happens regularly instead of being a very rare thing in bitcoin. granted the longer ones are still rare like this one we are currently in. for example during 2019 we had 3 stable phases with one being very long. the first being the long one during the $3k phase that lasted ~4 months while the other 2 were 1-2 months long.
and people react similarly during all, they get bored thinking bitcoin should always remain highly volatile and keep giving them profit! and they always forget that they should accumulate during stable times
and people react similarly during all, they get bored thinking bitcoin should always remain highly volatile and keep giving them profit! and they always forget that they should accumulate during stable times
Lately, we have seen a lot of investors and crypto speculators saying that bitcoin's price movement is somewhat boring because it has been trading sideways for many weeks now. But I want to share something a similar incident or some scenario from the past. It was 9 years ago, early market's early stages but there's a pattern already. So this is a good time to remind everyone to just HODL and wait for the market to do it's thing. 
https://twitter.com/rockerest/status/91885405368098816
https://twitter.com/rockerest/status/91885405368098816
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