Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

If this drops much further, I am going to have to concede that we are in a 2014 scenario rather than a 2013 scenario...

What ? You really still think the 2013 scenario is possible ?

I know we read the charts differently, but surely the 2014 was already confirmed by the length and shape of the downtrend ? This latest plunge just hammers it home.

I want to see a bounce, I hope for recovery soon, but the realist in me is hunkered down for a 3 year winter.

I think it's safe to say at this point that the price is artificially depressed. It won't be 3 years with the halvening coming up.

Actually, yes. That is another factor. The halvening. Surely it is understandable that beartards and shils may want to keep the price down before and after the halvening, but they can only do so much when the new supply shrinks and the effects of that shrinkage is felt, so even if the shills and the beartards are successful keeping (or suppressing) the BTC price for the longest case scenario, they are going to b on the outside of their abilities to accomplish that by late 2020.. so about 2 years would be the most reasonable longest maximum of this bear market, if we were to go into one right now (or confirm such bear market)