Quote from: BitHodler on August 26, 2019, 12:46:57 PM

Quote from: SquallLeonhart on August 26, 2019, 08:25:10 AM

The next bull run might peak at $40k and if we buy at those $10k, is that a very huge profit that will be no imagine if we buy at $8k?

By what time frame? Before we break the $20k all time high we might very well test the $6000-$6500 range again. If we do happen to tank that far down, I'm pretty sure that will shake out a lot of moon boys.

People mostly don't get what they prepare themselves for. Last year they were expecting a bull run but got a massive crash instead. This year people were expecting the price to dip under $3000 but got a massive pump instead.

The same applies to the altcoiners waiting for an altcoin season with loaded bags. It's not going to happen until people lose faith and capitulate. Markets can stay irrational longer than you can stay solvent.

Exactly, people seem to have the idea that the price moves in a linear way but we only need to look at the way the price of bitcoin or any other coin moves to know that is not true, the price could break the 9k barrier the next time it goes down and I will not be surprised if this was the signal many whales needed to get out of the market and make the price to go down significantly, and the problem is that many investors are expecting the bull run to continue but if there is no one else fuelling the positive movement of the market then the market will have no option but to go down.