Quote from: Phil_S on December 13, 2018, 12:46:28 PM

Quote from: HairyMaclairy on December 13, 2018, 12:04:47 PM

I dont think we will see $6k again before 2020.

You literally inviting JJG to call you a party pooper, with that kind of talk. Roll Eyes

Hairy tends to back up his seemingly bearish calls pretty well, so difficult to argue with this kind of call, even though it seems a bit more pessimistic than what would be preferred.

Certainly, I am not pushing for any kind of narrative, except that the calls (especially about the future, and especially if extreme) are backed up by logic and facts.

In 2015, 2016 and 2017, my calls became a lot more conservative than market performance, so the actual market performance caused my expectations to be exceeded... which is a really great feeling (especially when you are prepared for such because you did not sell a significant portion of your BTC at lower levels).

Even though some people might characterize me as a bit too blind on the bull side of BTC matters, I understand the power of downward momentum and the difficulties and irrationalities to get out of such momentum takes a whole hell of a lot of time and overwhelming fundamentals in which bears are no longer able to push prices down, before they are ready and able to go up.

By the way, the reality of our matter is that our assessment of the BTC market should have become much more bearish after breaking below $6k without any quick spring back.. and we cannot fight the matter that it is likely to take an overwhelming amount of buying to get us back above $6k when so much confidence was lost from that breach and not quick bounce back. So even though $6k represented about a 70% correction and a great BTC buying opportunity and $3,350 represents about a 83% and even a greater BTC buying opportunity, a lot of people have become too scared to buy and more wiling to sell, even at these prices and even when they should either be buying BTC or just HODLing and waiting to buy more at a lower price, if BTC were to go lower - which is far from certain, but has decent chances based on current actual BTC price dynamics rather than preferred BTC price dynamics.