Post
Topic
Board Speculation
Re: Analysis never ends
by
waveaddict
on 18/12/2013, 00:28:15 UTC
Thing is, Luc didn't call for a multi-month-to-a-year bear market.

He said that Bitcoin was in a bear market for 3-4 years. THREE TO FOUR YEARS. I will say this now. If Bitcoin is in a bear market for 3-4 consecutive years bitcoin will fizzle out and probably be dead. So, in my mind, Luc called for the death of Bitcoin. And I personally think that this is utter nonsense in that it is NOT a technical call. That's a personal or fundamentals call. And Luc masked it as technical. That was my only issue with what he said.

Guy said no such thing. Quote: "Next entering point for me is in 2016-2017 year." That's all.

Ummm. That's 3-4 years away. Ok maybe 2 1/2 - 3 1/2 years.

He also implied that bitcoin would suffer until then.

Why do you believe that a 3-4 year bear market will kill bitcoin? Isn't it just as easy to argue that a bear market will force innovation within the bitcoin ecosystem which would make way for a much larger bull market later down the line? IMO, there is no reason why you cannot be bullish on the future of bitcoin yet bearish on the price for a period of time.