You guys that claim any price increase are very selective, using the dead cat bounces as your origin point.
You are really good at making up shit (well maybe "good" is not the right word). Anyhow, have you heard of straw man fallacy? You just make up some kind of weak argument and attribute that to your opponent then say that you were right because your opponent has a weak position... blah blah blah..
Anyhow, zooming out for 4 years, for example? What do you see?
How about if you look a that whole cycle, and then you attempt to postulate whether the December 2018 bottom of $3,124 was the bottom. Where do you get when you look at broader price moves?
Yes.. I understand that you are hoping that there has been a BTC down cycle since the June 2019 top of $13,880, and maybe you want that as a starting point of your analysis.
Whatever happens to be your analysis seems to be considerably weak and based more upon wishful thinking rather than really trying to grapple with actual BTC price dynamics and the likely BTC price direction in the coming years.
Bitcoin's price reached a peak of nearly $20,000 per bitcoin in late-2017.
Over ~2½ years later, price is on average less than half that.
Yes. That happened in 2013 too.. remember? Remember it took 3 years to get back to the November 2013 high of $1,163. I remember that there were a lot of bitcoin bearshills in 2014, 2015 2016 who were saying that BTC would never get back to its previous ATH levels that were the $1,163 levels.
So until $20K is achieved you are living in a slump.
If you have been dollar cost averaging for the past three years, then your costs per BTC are going to be around $6k per BTC...
Don't have to get back up to $20k to be profittable, and in fact you are decently profittable, even if BTC prices were only $7-ish.
Of course, there are other variants upon BTC accumulation methods, and since the BTC price has been lower than $10k for a considerable amount of time in the past 3 years, it is quite likely that there are a variety of ways, even if you messed up several times, to be somewhere close to profits, even at these current BTC prices.
The way people claim bitcoin is a success when it is failing is a sure sign that a nonsensical nutjob belief system is in place, instead of an actual observation of reality.
How's your no coiner status doing? Do you have other investments that are doing better?
LN is a 3rd party system that works better with litecoin than bitcoin,
litecoin has better onchain scalability 4X that of bitcoin , but bitcoin nutjobs ignore that.
Great. You have been investing in litecoin? How's that been going? I cannot imagine too many scenarios to been doing well with any kind of a long term litecoin investment plan, even though it has had some price spike periods, but personally I do not recommend people fuck around with short term matters or various shitcoins, and in that regard, bitcoin is the only game in town when really looking at fundamentals. Anyhow, if you look at litecoin over the past 5 years, you would be about even in terms of the price now as compared with 5 years ago. In bitcoin you would be up about 40x.. so seems like there is much more upward potential with bitcoin as compared to litecoin just by following a dollar cost averaging accumulation system. But hey, do what you want with your various levels of seeming distraction.