Post
Topic
Board Speculation
Re: Settled at ~$6400 for now?
by
btc_angela
on 08/09/2018, 17:46:23 UTC
ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events
True. I see that most of the people here compare the current price with the ATH. Instead of this they should be comparing it with the lowest point of the year. Changing the perspective will change the way we trade. If you look at it this way then we can realize how much bitcoin is growing  over the year.
Expecting the bull run to return soon the price of bitcoin may rise soon.


Its because there are still a lot of newbies thinking that bitcoin will always go on. parabolic rise. They forgot to realised that this market is very volatile and prone to manipulation. Year-to-year bitcoin is still up ($4000->$6500) so there's nothing to complained. Regarding bull run, might be next month or next year. My point is nobody really knows, if one way to find out is just to stick in the market and see how it goes.