Topic: The Bitcoin Sawtooth (Read 1180 times)
People will keep buying bitcoins when the price drops enough and then sell en masse at some peak. Every buy-in sees a few more people joining the network, every sell-off sees fewer leaving the network. It's guaranteed liquidity.
Yes I've noticed that, but I don't believe past behaviour is a good predictor of future behaviour.
Anyone else notice this pattern?
I don't think this will continue, but do believe that there is a chance it will. Bitcoin seems to have reentered a hype cycle, but this time with faster declines than growths, but longer periods of growth. Whenever a crash happens, bringing record volume, two or three weeks of steady rallying seem to follow.
I don't think this will continue, but do believe that there is a chance it will. Bitcoin seems to have reentered a hype cycle, but this time with faster declines than growths, but longer periods of growth. Whenever a crash happens, bringing record volume, two or three weeks of steady rallying seem to follow.
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