Quote from: Febo on September 17, 2017, 12:45:35 PM

Quote from: johnalan on September 16, 2017, 09:56:08 PM

Quote from: cAPSLOCK on September 16, 2017, 04:02:56 PM

Quote from: rangedriver on September 16, 2017, 02:03:04 PM

Quote from: cAPSLOCK on September 11, 2017, 09:07:51 PM

If we truly believe we might be entering a bear to 3800 or 2800 or beyond... why would we stay in Crypto? It is far more profitable to sell for USD, pay the taxes and buy back in next year at 70% cost or perhaps half price.

Honestly, because it's a pain in the ass, and there any many opportunities within the cryptospace to accumulate more XMR and BTC with greater profit outcomes than by going through FIAT.

I agree with this, and another point... once you are used to the liquidity freedom of crypto, it's addictive. You are in control of your money moving back into fiat is painful as you introduce slowness, fees, and counterparty risk.

As someone who lived through the great BTC trough of 2014-17 I just feel very twitchy about the current bitcoin price action.

You really think we're going back to crypto dark ages?

If price of BTC was $600-200 back then and now might be $4000-1500, that dont mean are the same ages. It is a huge difference. But yes for those that acquire BTC in 2017 will be same as for those of us that acquire BTC in 2014. Crypto dark ages.

Such periods will happen 100%. There i snot even 0.001% chance that will not exist. Because there is no logic that BTC can only grow till infinity. At current value of $ price can hardly go over 1 million. And for that many many things (that might never happen at all) needs to happen.

Yes of course there is a correction coming (or a Dark Age). That is a very clear trend in the BTC (for 6 years), and now other Crypto charts. Lots of ppl pretend it won't happen, and they will suffer the most with lack of preparation.

Each huge wave up is followed by a retracement to just above the previous high. In this wave up, the start was around $300 on BTC, the high looks like $5000, and the previous high was $1200, which is where it is heading now, and will mark the floor of this current downtrend. The waves last a couple of years on average, but there is a wide variation.

As for XMR, which is what we are talking about here, the price will also fall, but relative strength or weakness will reveal where it is going in the long term.