Quote from: magneto on June 11, 2018, 08:24:03 AM

Quote from: DamCryp on June 07, 2018, 11:52:22 PM

"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

I don't think that just because there is a dump, it'll make the recovery any harder.

In fact, this dump was completely expected since the beginning. There is virtually no point panicking over losses right now, especially if you bought in near the peak, which you shouldn't have done in the beginning. I personally believe that being patient and waiting for the next bull market, which may take some months/years, is the best strategy right now for holders.

I'm pretty sure that if you looked at historical data, having a few hundred days of bearishness across the market is completely normal. Gives time for the markets to consolidate, essentially. Happens every bear market, so I don't get why people are saying this one is any different (it's the end, etc.), it's absurd.

In my opinion the previous pump was not according to the investment cap and was unnatural. In this year that pump was recovered and now the price is normal. It has been corrected so many times and I think it is good for new investors because in the future the price will increase gradually with the increase in investment capital. Lets see what happens.