Post
Topic
Board Economics
Re: Repeating of all time high has begun
by
slaman29
on 20/06/2019, 09:56:51 UTC
As we see bitcoin wins over all things, we recovered from 3K price, went up to 5K 6K and now we finally hit 9K and this last number is near to 10 which is a psychological factor too. We are very near to 10K and I believe we will reach this price in following days which will automatically boost positive feelings among bitcoin and crypto community. This is were further rise gets start. Well, maybe I am super positive but I think current market actions will return all time high pretty soon. Imagine, positive feelings, possibility of profitable mining, possibility of increasing profit and a lot, this all united in one can return old all time high price.
I think this time has come again.

Should also talk about the times when Bitcoin recovered from $2 after falling from $30, and then everyone thought it was all over. Well, those who bought at $30 soon enjoyed $100 and then $1000 and then $20,000. It's a great asset with constant repeated patterns of parabolic growth. Of course, nothing guarantees that it will repeat the cycle again but every cycle that happens increases the chance of it happening again IMO.