Quote from: player514 on February 08, 2018, 05:33:13 PM

Quote from: arpon11 on February 08, 2018, 05:07:10 PM

I just read this comments on reddit and I believe this should encourage some of us to keep holding our Bitcoin! This is a hard things to do in the present of this bearish trends that we have seeing since the beginning of this year. I think we are going to have a new set of holders if we sell our coins now and this might create a new investors out of the dump.
https://www.reddit.com/r/Bitcoin/comments/7w2f83/bitcoin_bull_is_not_over_novogratz_raises_250/

It feels like (and I think this is a pretty popular opinion) Bitcoin price fluctuations are extremely cyclical. It goes with the good rise, then a correction/drop, people see that the price is low and have always wanted to get into bitcoin, so they put their money in, the rise goes back up.

For the past year, we've seen the rise phase exaggerated and the drops not as much. In the past few weeks, we've seen the drop stage take a stronger stand. Just based on these observations from my own side, since Bitcoin is still on an overall rise, I think there's a good chance that those rise stages will be exaggerated again. I don't know if it'll happen this month or even this quarter, but I believe that the rise is bound to happen soon.

Most of the past years have marked similar growth, but the price falling low from a much increased price has made it to be a major issue. Going through the market and the growth chart over the years, it is clear that every year has similarities in the growth pattern and the same is happening right now too. Nothing needs to be exaggerated as well nothing is there to panic, it all happens in a cyclic manner as mentioned in the above post. We need to have the understanding.