Post
Topic
Board Bitcoin Discussion
Re: BTC parabolic bull run will not happen everytime
by
audaciousbeing
on 13/07/2018, 20:08:40 UTC
While most of the people are awaiting the massive bull run like in 2017 winter again, it will not be a case again.  While I wish BTC to go into new ATH before the end of this year, I think that reaching 13K to 14K gradually testing every pivotal point before the end of this year is more realistic and more healthy for the market too.

I am bullish in Bitcoin doesn't mean I am expecting parabolic run every time bulls ticks on.  The 20K level that bitcoin reached last year was a enormous craze and mostly FOMO and/or may be manipulation which will not happen again and again.  So, the people who bought at 20K will have to wait for few more years for that massive bull run to return, that's why they always says "patience is key".

During the all time high that was witnessed last year which has now become the benchmark to decide whether things are going fine or not, I was among the people who despite being happy about the current happenings was also skeptical about how the increase was just happening without any convincing reason as to why such was we were seeing such increase.

Not to sound pessimistic, I have predicted several days ago that I am not seeing the price touching the all time high anytime soon unless something drastic happen in terms of adoption and awareness or else, I am seeing the year ending on the note $14,000- $16000 if not lower.