Quote from: Majormax on March 30, 2018, 11:03:46 AM

Most of the ppl in Crypto (speculation) have a very short time horizon. A days action may seem like a lot.

They find it difficult to see the longer term picture. That is why there is so much conflicting opinion.

A view on price always has the caveat of a time frame.

Its not only that. There is always this menace that bitcoin will be crushed to the ground by speculators, banks and governments, and will never rise again. Everytime someone talks about "regulation" is always posed as a threat, even if it would mean only regulating exchanges to halt crashes like this.

And when the bears made predictions, they always extend the timeframe of their bear market, to convince people their long positions are threatened. The bears use as a base for their predictions the Mt.Gox crash, which caused the 2013-2015 bear market, giving the impression it was three years, when in fact it was one year and some months (from last months of 2013 to first months of 2015). This is hammered constantly, and people are afraid to buy and lose money in the next day, which pushes the price down as there is no buying volume. Without this volume the price wont recover.

However, this is not 2014. We are in a different situation. There was no LN in 2014, no futures markets, no G20 hearings. You could not buy a car with bitcoin in 2014. So this bear market can revert at any minute, and no bear can predict it.