Post
Topic
Board Bitcoin Discussion
Re: does it feel like 2014 again?
by
racebum
on 18/05/2018, 21:02:10 UTC
I also feel the same way it looks like it will happen like 2014 in the past ,will it stay that way in the next few months or it will be different ,I have not seen any news or good trends to be optimistic my feelings

there is a reasonable argument for it being different. the crypto recession of 2014 lasted about 18 months before the uptrend clearly resumed. it also took like a year to find the bottom.

this time the fall was MUCH faster and we not only have a more mature market, we simply have more people invested and adoption is far more widespread. back then mt gox was the main exchange. it would be similar to coinbase and gemini both blowing up today at the same time. nothing remotely close to that happened in 2017. we should know within the next 3-4 months if 6k was the bottom and if it was we #1 won't break it and #2 will likely begin an uptrend within 6 months if history is any example.

the mood as you point out is also quite bearish which is also quite often found at bottoms. people throw in the towel with despair and run. this is more times than not a good time to cost average in