Quote from: Juggy777 on October 02, 2018, 12:34:13 PM

Quote from: jonathan6655321 on September 30, 2018, 10:26:59 PM

Is it true that the market usually rises before the end of the year?
If so, why do you think it happens?
I spoke with few people that already said that in the last 5 years the market became really bulish

Hey if you look at the charts for the years of 2011 and 2014 you'll observe it displayed bearish tendency, however in the past few years and especially in last quarters of the years 2016, 2017 the prices shot up. It's really difficult to conclude will the same feat be repeated again, as there were lot of positive news and public sentiments were preety high back then.

There is also a theory which says that during festival season people tend to use bitcoins as a means of gifts which increases it's prices, we'll have to wait and see how the prices shall be effected in coming months.

Bitcoin was created in 2009 but I didnt see any big growth in the price before 2017. Why just one year the price raised like rocket. I think it was totally a game and the player won the game and the market became normal again. Now those investors who lost their money due to that collapse want once more bump in the price so that they would recover their deficits.