Quote from: very_452001 on June 29, 2018, 11:07:49 PM

Hi,

Bitcoin had a 78% decrease from 2013 all time high from around $1200 to $250. All time high for 2013 was on Nov 30th. To get to $250 boring volatility it took 1 and a half years and a further 6 months wait to see some uptrend totalling 2 years to wait to catch the slow bull train from the 1st train station stop. In summary this bear market lasted 2 years.

The 2017 crazy bull market started from May 1st 2017 from $1300 all the way to $20000 in Dec 2017 that took 8 months. This is 1438% increase. If we do get another bull run like this passing 20k all time high then new ATH will be $288000 in Dec 2021 then a repeat 78% retracement of this $over a quarter million figure? Isn't this bad health for bitcoin?

So using these statistics is it best to buy bitcoin at $4400 by boarding the 1st train stop departure in June 2019?

I know I will get a reply saying bitcoin's popularity and exposure wasn't as big in 2013-14 compared to now however can someone give me reasons why history wont repeat itself?

I know I will get another reply saying bitcoin died many times in past and survived however everyone knows this latest crash from 20k so how can bitcoin survive from this well exposed crash high from the sky?

Has the 78% crash from 20000 to 4400 scared the average public away to invest in it?

What must bitcoin do to gain the confidence from public again apart from lightning network and store door front logos appearing everywhere? Will it be the upcoming another economic recession like in 2007/8? Will average public able to afford bitcoin in a economic recession? Also how we stop average public driving up prices by 1438% in the future as it's not healthy growth.

My final question is how can bitcoin have a steady slow healthy growth without 78%'s retracements in its future?

Bitcoin doesn't have to do anything. Since it is doing enough. You just cited some historical data but you want Bitcoin to do something? If you are a stickler to statistics then you should know by now that Bitcoin is resilient. It is not dictated by fake news sentiments.

monkeydominicorobin

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