Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 30/11/2018, 20:35:32 UTC
⭐ Merited by JayJuanGee (1)
The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market.  

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price.  

Well, what this contention is based on, exactly?
There is no law that in bitcoin bear markets have to last the same time as bull markets (or longer).
In US stocks market, by comparison, bull markets typically last longer (in time) than bear markets (at least in the last 100-120 years).
I "digested" the last bull market just fine, so I vote for bull resumption earlier than mid 2019.

TL;DR Basically, this is just an opinion that is not based on anything else than your "gut". It could be right, but could be wrong just as well.