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legendary
Activity: 2968
Merit: 3684
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March 10, 2020, 01:41:05 PM
#4
2018 bottom: 3100 (just my memory or thereabouts)
2019 bottom: 3500 (same)

2020 bottom in my frail logic has to be somewhere between the lines of 4000-7000. Especially now with multiple economic pressures all coming together unexpectedly. And yes, it has an effect. People will not be buying/mining when stomachs are hungry and bills need getting paid. I'm not saying it's gonna crash and stay down. Just saying we should prepare to see more trying prices.

This? This is still popcorn time.

If you're right though...
legendary
Activity: 2702
Merit: 4002
March 10, 2020, 11:30:40 AM
#3
I think it is better not to explain what happened yesterday within the plans because they are abnormal values or under the influence of what happened on "Black Monday."
I expect more collapse, because many who are optimistic about halving will start to lose hope and then sell, but I agree with you that this collapse is a new beginning for a wave of rise and prosperity ( this may not happen until the last quarter of this year or the first of next year.)
legendary
Activity: 2730
Merit: 1288
March 10, 2020, 07:57:51 AM
#2
Whole chart that you presented happened in economic bull market. If recession happen then economic bull market will turn into economic bear market. If Dow Jones goes sub 15000, then $7650 for sure will not be the bottom.
member
Activity: 77
Merit: 147
https://watchdominion.org
March 10, 2020, 07:47:18 AM
#1
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