Post
Topic
Board Speculation
Re: Downward Trend
by
1Referee
on 30/06/2019, 21:06:49 UTC
I really couldn't understand why people even thought the winter was over. It's not even really been much more than a year yet.

The market has done everything to indicate that the bottom is in with a very high degree of certainty. I don't blame people for being optimistic, but there is no valid point yet to be extremely bullish either. If we look at Bitcoin's history, it has always been very generous even in bull runs by providing people a second chance to buy lower.

I think people got blinded by the parablic increase and thought the price would shoot past the $20,000 level with ease. It's something we see when the price is going down as well, people always tend to exaggerate regardless of what direction the market is heading to. Price up is moon next month where price down is Bitcoin back to sub $1000 next month.

People wondering why they are wrong all the time should do the opposite of what they think should be done. Easy way to be wrong less often.