Quote from: giveBTCpls on July 22, 2014, 10:40:27 PM

I also see a similarity with the 2011 period, I think we will see a long steady period until next phase. Im ok with it as I can keep trying to get some BTC monthly, if the price goes higher i will be getting basically peanuts.

I don't see similarity with 2011. At least not if you mean the excruciatingly painful bear market in the later part of that year. The media proclaimed BITCOIN DEAD!. Only the most stubborn idiots (like me) seemed to hold on to their Bitcoin. Sentiment on forum was terrible. Doomsayers pointed to earlier posts saying "scam", "ponzi", ...

However I also think we might be looking at quite a long period of sideways action... I'd rather compare it to summer 2013, though. Sentiment was mixed. Bulls were bullish, bears bearish. Bears are not very vocal right now, probably because of the stream of good news, but bulls are also kind of exhausted, having called/expected the next rocket just around the corner for up to half a year now.

I have accepted as quite probable we might have to wait a rather long time for the next jump to occur. So I'm rather disillusioned currently, neither buying nor selling. Kind of a capitulation, which is in turn: a good sign.

EDIT: I also give credit to luc for calling a "year-long bear market" late last year. At the time I thought he was nuts. Now one has to acknowledge his call wasn't off by much so far.