Quote from: thecodebear on October 22, 2018, 10:18:27 PM

Don't go expecting something similar to the extended cycle that resulted from MtGox crashing. That was a unique event.

i firmly disagree that mt gox mattered nearly as much as you say. not even close. but even if it did, why is another similar bear market impossible?

you say that mt gox was completely responsible for the 2014-15 bear market. what proof do you have? Cheesy

gox was a dying exchange---fiat withdrawals were unreliable for almost a year prior. people always make shit up like "90% of the volume traded at gox!!!1!!" no fucking way, lol. almost all the traders i knew had left gox for bitstamp, bitfinex, coinbase and elsewhere. and as a trader, i can tell you that china was a far bigger driver of the market than gox. and gox shutting down actually removed a lot of coins from the market. Wink

we were already in the midst of a bear market when gox went down. it was just one more catalyst for a selloff in a slow bleeding post-bubble bear market.

Quote from: thecodebear on October 22, 2018, 10:18:27 PM

The bear market by all signs is over now. I'm not saying that a new bull market is gonna start right now, but it is possible that BAKKT will be a catalyst for it. BAKKT is HUGE in terms of long term bullish news. If BAKKT had hit in 2017 it would have been the single biggest piece of news of the entire bull run.

why is bakkt huge? do prospective investors actually care? the existence of a new platform isn't really a reason for demand to overtake supply.

Quote from: thecodebear on October 22, 2018, 10:18:27 PM

A year of sideways trading or another fall is just laughable consider what is looming on the horizon.

the fact that people are talking like this is super bearish. this is exactly what people sounded like in 2014. Undecided