Post
Topic
Board Speculation
Re: What would be the signs a big dip is coming
by
Apraksin
on 06/03/2018, 17:12:10 UTC
Any idiot (and they surely abound in this forum) can say that a big dip will follow after massive unsustainable growth, but what help is that if you don't know when the big dip will hit in regards to price? When in bubble mode I never sell on the first wave since there is no way to predict the top, but I always sell a portion when the dead cat bounce reaches peak and starts to turn since in my experience that always signals a big downturn in cryptoworld. This cycle I held through all of Desember and sold at aproximately 16.000 USD  January 6th. This strategy has now worked for me through three bubbles.

At this stage we are well and truly out of the bubble part of the bitcoin cycle and the vacillating price reflects this. My gut and experience tells me the price will slowly slide downwards with occasional upwards movement like now, just like it has done in the interim between the previous bubbles.  This is why I have liquidated a portion of my BTC and will be ready to pick up fallen fruit when we slide downwardsand the market is close to dead. When it comes down to it the movement of the growth cycle is the only thing that gives you somewhat really solid hints about what is going to happen with the price, but it's macroscale.

That said I am 100% confident we will see further bubbles but when is a tough one to say, certainly there is no reason for a new one right now and Bitcoin does not do gradual growth well, Bitcoin grows in spurts, not gradually. Never listen to any newbie idiot who says stuff like "I believe we will slowly creep upwards to 25.000 usd during the year". Based on all experience it is a completely worthless prediction.