Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by infofront (1)
If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day.
Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........
after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts
Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........
after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts
Ive been as bearish as the next guy. However, we should be given pause by the fact that everyone and his shoeshine boy are 100% certain that we're heading to $1,500-$2,500 and will endure 12+ months of crypto winter.
I don't see a long, lull in the market either. Prices are very low already and why should we be so lucky to accumulate cheap coins for 12+ months? Call me crazy, but I see the possibility for a double bubble still occurring in 2019.
You mean first bubble is 6k$ and second 40k$?
Something similar like 2013, where we had a run up from $10 to $250 in the spring and then another run up to $1150 at the end of 2013. The first bubble was to $20k and then we bubble again in 2019.
Yes, this is the type of vision shown to me after long hours smoking my hopium pipe and doing the hodl chant in Diné Bizaad while my family panhandled for their supper as Jimbo let the market crash. Everyone hoping for another cookie cutter 12 month crypto winter promised to them by the Tone Vays of the world, that will afford them ample time to lazily scoop up coins granting them millions of dollars in future gains and thinking time is on their side, then after the price smashes through 6, 7, and then 10k, they realize they have been lazy and greedy fools and they fomo in like their lives depend on it. All the money they had planned on investing over the 12 month period they wire to the exchanges in the early spring as the fomo grips their very souls. This jump starts the run to 40k by Christmas 2019 or maybe Feb. 2020 (perhaps a lot more if institutions fomo). Then the crash to 10k happens quickly and we find ourselves in the interesting situation of a mini bear market that is crashing and bottoming into the thehalvening.com in May 2020.
https://www.youtube.com/watch?v=Ztf2atl3MIk Here you can see one of my tribe do the hodl chant in 2008. He knew of the coming of Bitcoin but back then we thought he was mad. You will clearly hear the word hodl at least a dozen times.