Post
Topic
Board Speculation
Re: People are Calm!!
by
Sacredvineofspirits
on 29/10/2018, 07:38:23 UTC
This is an article on bitcoin price movement in mid Sep 2015. This is right at the point from where the recovery began but you will notice that the tone of the article is very similar to the situation prevalent now. Just replace the 200 to 300 range that this article talks about with 6k to 8k of the present scenario.

www.deepdotweb.com/2015/09/16/bitcoin-price-analysis-16-sept-2015/amp/

In particular, this note in the article matches current concerns quite well: "Overall, the market is split between the beginning of another bull cycle, or the threat of lower prices sub 200. $200 – $300 range has been difficult to get out of, as price keeps coming back to retest support at $ 200."
There's been a repeating cycle of ATHs followed by a lengthy bear market, each high and each bottom higher than the last. The hilarious part is that the trolls and naysayers think they're clever with their 'bitcoin is dead' yada yada BS comments. Meanwhile they just sounds like parrots who don't even have enough sense to see what's going on.

Any of us that have been around a while or who take a minute to look back at how this has played out always get the last laugh at these ignorant jokers. Just nod and smile lol.