I was wondering, do we always have a "calm before the storm?" I seem to remember right before the last run we had a big sell off because of the Silk Road closure but it was not really calm. Feedback from the veterans would be appreciated on this.
You're more of veteran than me. I would just add that patience is all a hodler needs.
One year in Bitcoin and I am now a veteran? That was fast.
It seems that the price likes to stabilize a bit. We were all whining and complaining and posting "Tired of $140" last Summer. It really seemed to like that price for a long time. Then there was the Silk Road closure, a flash crash to $90 or so then the price began to move steadily upwards to $200 then it went ballistic. Perhaps the drop to $350 was the final capitulation and now we were back to the calm. I don't really know but the charts are looking good.
I can't wait till I can say I've held my coins for a year...clearly you and BCHusband got some patient bones
The bottom we hit..could be the yearly low..as I look over Fib's 270-300 imo are rock bottom and hitting it would probably send buy signals that will turn a bounce in to an ath style rally