rekt
Which part is rekt? I understand that you have a tendency to get stuck on short term price movements, and all of us should be ready for the possibility of $610 and even sub $610, but it is likely going to take quite a few coins to get there, if it does. Further, you recall that in the past nearly two months, we have only revisited sub $600 for about 24 hours, and recall how many coins it took to get to $540 for short moments... We could get there again, but it seems to me that it is going to take a lot of coins, and I question whether bears have enough coins to dump and if they can be successful.. with the ongoing upwards price pressures.
i agree. the thing is we are missing a clear positive outlook, an event that a rally could potentially build upon. halvening? gone. brexit? gone. so all thats left is the still lurking debate about blocksize and thats it. but on the other hand the 3d chart looks still quite excellent...
From our multiple interactions, I gather that you have a glass half full kind of tendency, and I am trying not to fault you for such tendency because it is certainly valid to look at a multitude of factors in attempting to watch and predict BTC's price direction, but also I think that part of the problem could be that your expectations are way too high, and accordingly, you are setting yourself up for disappointment if BTC does not 10x in the next 20 minutes.
The fact of the matter is that bitcoin is in a very great place at the moment, and it can take a very long time for price finding that includes bears and bulls battling out the direction that they want prices to go.
Just consider that for several months in the beginning of the year, we were battling the $360 to $460 range.. I mean we are not out of striking distance to get pushed back into that price range, but it certainly would not be easy for bears and bank shills to achieve such a direction, and that is nearly the level of downward pushback that they would need to achieve in order for BTC to get pushed into a horizontal or even a bearish market... otherwise we remain bullish whether we are floating in the mid $600s or floating in the mid-$500s... and imagine that it is not even going to be easy to push into the mid $500s, and that is what bears really want and that is what they are attempting to achieve in order to attempt to discourage and dissuade.. and the longer that they are unsuccessful in pushing BTC back, the more confidence us HODLers can have to continue to HODL and to accumulate BTC with confidence that it's price is going to appreciate.
If we psychologically create some kind of artificial timeline in which we believe that upwards prices have to be achieved, then we are going to be bound for failure and disappointment. Even if BTC prices float between $500 and $700 for the next year, BTC is in a very good place, and it's time is going to come for a new ATH - especially once it passes the mid $800s - which like I said, could take some time to achieve.. however, if we achieve mid $800s and what follows sooner, then we should consider that to be icing on the cake.
Yes, there are various talking points that could be either bearish or bullish, and likely those talking points don't matter so much because we just have an ongoing dynamics in which all of these matters add up and the word keeps getting out about bitcoin and bitcoin continues to develop and find more use cases, and becomes more and more unstoppable and intricated into the lives of more and more people in all corners of the world.