Quote from: Wind_FURY on June 25, 2020, 10:28:10 AM

Quote from: exstasie on June 24, 2020, 08:19:40 PM

Quote from: Wind_FURY on June 24, 2020, 08:05:55 AM

Bitcoin has never crashed, and stayed under its 200-week SMA. Cool

Here is a thought experiment: what if BTC crashes below the 200-week MA (currently ~$6,075) and stays there? Will that change your long term bullish view?

Crashes below, and stays there for more than 3 years, yes, it will change my bullish view, but only on the price/market.

3 years eh? That seems rather arbitrary. Tongue

Time is so unpredictable. While I don't give it a particularly high probability of happening, xxxx123abcxxxx's bearish case (his chart indicates price, not time) could put us in a bearish super cycle (to sub-$1K) for several years, before an eventual new bullish super cycle to ATHs. That would certainly wash out much of the current crop of perma bulls!

Quote from: xxxx123abcxxxx on March 13, 2020, 02:35:45 AM

Quote from: Wind_FURY on June 25, 2020, 10:28:10 AM

It won't change my bullish view in Bitcoin as a decentralized, censorship-resistant cryptocurrency for self-sovereignty.

Here's the trouble with that. Price reflects supply and demand. If nobody is using BTC (thus the multi-year bear market) it's not all that useful for self-sovereignty is it? Tongue

Just playing devil's advocate.