And bitcoin drops back to 9700. This is really kind of boring. Blah.
9600 even waaaaay more boring
This feels so 2014/15 I remember very well those early Bart Simpson moves between 400$ and 600$. It looks we need to cook more before starting the rocket.
Personally, I don't care. This is a good accumulation range before the rocket era.
The moves between $400 and $600 were in 2016.
2014 was like a downward spiral similar to 2018.. and 2015 was way fucking worse than 2019 (until the end of 2015), because it was flat through the whole year pretty much with ongoing threats to break below $200.. with only one short-lived bout above $300... So, 2015 was almost like 2019 without the 3.5x price rise in the middle.
Do you even appreciate how much a 3.5x rise in the middle changes the dynamics?
If we had spent 2019 flat, like we were in 2015, then maybe we would have lingered between $3,400 and $4,200 for most of the whole of 2019 with maybe a bout of a bounce up to $5,350 and then resuming within our $3,400 and $4,200 price range, and then in late august getting a retest of something close to $3,124.. and then maybe in October/November 2019 getting a bounce to $6.9k.. and then reverting back to ranging between $5k & $6k for then next 6 months - until the end of May 2020.
From my illustration, above, you should be able to appreciate that so far, this cycle has been waaaaay less painful than the cycle that drug out through 2014, 2015 and most of 2016...... even though there were signs of optimism in 2016... and currently we are way more into a kind of a 2016 feeling than in a 2015 feeling.. which currently is a lot more optimistic than those times... with a current feeling that the bottom (currently $3,124) is "in" (and maybe we can even feel somewhat comfortable about not again going below $5k or maybe $6k? - less certain about those numbers), even though nothing is guaranteed in bitcoinlandia.. especially given our current macro circumstances involving the ongoing inflating of the equities market (including pumping of admittedly bankrupt companies) by dollar printing, which could come crashing down at any time for any or no reason.
TLDR: In current BTC market conditions, I surely feel better (less pain and stress) now and more like 2016 rather than how I was feeling in 2014/2015.
By the way, I do agree with you that we are likely still in a decent accumulation zone, and there are likely a decent number of bear whales that really want to make sure that all or most of the weak hands have been shaken out before proceeding into supra $10k territory.. because things might start getting a bit out of control the more that the BTC price is allowed to go UPpity.
And bitcoin drops back to 9700. This is really kind of boring. Blah.
9600 even waaaaay more boring
This feels so 2014/15 I remember very well those early Bart Simpson moves between 400$ and 600$. It looks we need to cook more before starting the rocket.
Personally, I don't care. This is a good accumulation range before the rocket era.
Yep exactly how I remember it.
Yeah... and you would be exactly wrong in your memory, too..
(see my response above - hate to cite myself as the authority, but gotta do what you gotta do.. and haters gonna hate... )