Quote from: crisanto01 on December 02, 2019, 04:49:10 PM

Quote from: chaoscoinz on December 02, 2019, 02:49:50 PM

Quote from: CryptoBry on June 07, 2019, 08:47:43 PM

The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).

When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to? I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?

It was one hell of a Bullrun back in 2017, the initial peak high was around $20,000 per Bitcoin and it took altcoins all the way to the moon with it. It was almost too good to be true.
Then came the death spiral that lead to a massive panic all around as fear and uncertainty loomed. The bubble popped and the price deflated rapidly.

Everyone was hopeful that time, everyone was happy as they can see that their future was bright and that their wishes can come true, very few did cash out and took the profit, most of the people got hype and thinking it will still go to $50k so instead of cashing out, they added their investment and at the year 2018 everyone was disappointed and lost a lot.

This year, there was a good price of $14,000, and those who were very nervous got the opportunity to sell what they bought in 2017, but I'm sure most of them stayed on.
I managed to get into the 4K - 5K range, so I'm not very worried