What the fuck’s going on?
Obviously I’m buying every week still but I’d rather be at a stage where I deem it to expensive to buy & my HODL stash is a true monstrosity in dollar terms.
Why are we going down now? The halving is only 6 months away.
Early in the year we were expecting nowhere near the price we still currently are. In fact we are even higher than what most predicted for Q1 2020. So there's that.
This price is surely unpleasant, but nothing out of most probable scenario. We could be at $6K in Q1 and still be on schedule for a proper post-halving bull run.
Exactamente!!!!!
The 2016 halvening had not exactly brought us great prices, exactly, until nearly six months after the halvening. Member?
Our 2014/15 lows were largely balancing in the $250 range, and that was going on for nearly a year, and we were still stuck well below $500 for a vast majority of the time prior to the halvening. We could not even get above $500, until just a month before the halvening when we got a boost above $500
(member?), but still BTC price did not really go anywhere for a very decent amount of time after the halvening, and surely we can blame the August 2016 alleged bitfinex hack, that kept us in the $600 range for several months, but even if there was not news of a bitfinex hack, there may have been some other phenomena keeping BTC prices from going up for as long and as low as the diptwat bears were able to manage.
Remember February/March 2017, there was a BTC price correction down to $890-ish, and so many fucktwats, including Vinny Lingham and others were trying to play their purported credibility to assert that we had to
(inevitability again) go below $500 because that is what BIG money wanted and that was how BIG money was playing it.. blah blah blah.
Complain about BTC prices now if you must, but I agree with bitserve that we are largely ahead of schedule (especially comparing the 4-year fractals), and in that respect, it just seems like a BIG ASS waste of time to complain about down and manipulation attempts, etc etc, because some of these downward BTC price attempts are going to be tried and tried and tried and tried, and even end up happening to keep BTC prices as low as possible for as long as possible and sure all of the ammunition is going to be thrown at attempting to keep BTC prices down, which inevitably contributes to the real world facts that the upward explosion ends up happening so long after the new BTC supply had already been halved for a decently long period of time, and the whole situation gets to the point that down manipulators are no longer able to have success to manipulate BTC prices in the downward direction, so if there is going to be any manipulation then the ONLY choice that is remaining in order for such manipulators to be successful to play the UP card.... hahahahahaha...
And, yeah, they cannot help it and yeah, the UP ends up becoming way the fuck more explosive than it should be because the BTC price had been held (and "manipulated") down for way longer than was healthy... and explosion ends up going up.
And, manipulators going to manipulate, so if they cannot do it down, then they are going to jump onto the UP train. They have no choice, if they want to make money (or at least not lose money), which is likely way more important to them in the long run.
