Post
Topic
Board Speculation
Re: Is the hype starting?
by
timerland
on 17/09/2018, 11:42:18 UTC
According to this report, which im sure there are a few, it speculates we
could be at the start of an end of year surge in bitcoin value. This is of
course bast on historical events but we all should be aware that past
events should not be used as a future prediction.

https://www.cryptoglobe.com/latest/2018/09/bitcoin-may-surge-in-the-last-quarter-of-this-year-seasonality-chart-shows/

In my opinion this report and others to follow no doubt will fuel the
speculation to end 2018 on a high.

I really doubt it. Not all reports are going to be accurate.

Considering that the 2013-2015 bear market lasted around half a year longer than this one has so far before any signs of bullish recovery came to the market, I think it's safe to say that it's extremely unlikely that we'll see a trend reversal by the end of the year.

Sure, there could be potentially a short term rally at any given moment near the end of the year, but I don't believe it's going to be able to be anything long term in terms of flipping the sentiment.

It's much more likely that we'll see prices recover as we get closer to 2020 as the halving gets closer. Besides, we may not have actually seen the bottom yet even though prices have settled at $6k or so for the time being, there is every chance that further dips may be coming.