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DVemer
Sep 2, 2018 7:04 PM

Bitcoin - The way out of here. Long

Bitcoin / U.S. dollarBitstamp

Description

Pulling back and getting a sense of the rhythm of Bitcoin ( which is a bit like the rhythm of the group mind as it approaches something new and grapples with it, a push/pull between faith and fear ) Bitcoin/we ran with the idea in late 2017 and hit the wall, way too excited, we exhausted ourselves and retreated.

We're now below the historical averaged-out trendline of adoption / acceptance of this new idea and beginning to feel the pull again. The previous rise was still a reflection of the huge $20 000 impulse wave. But I feel this current rise is the first fresh positive impulse after the hurt. There will be withdrawal again, then another more confident push back up through that trend line, a quick restorative breath and then onwards and up for our next adventure above the trendline.

I'm putting this up here to refer back to later on.
Comments
cmorak2
gumbler
Transaction confirmed! Happy hours started! :D
arandon
I have the exact same pattern in my mind about the future of the price.
DVemer
@arandon, Let's see how it plays out. One thing that may happen is that the uptake is actually quicker and ( once again ) more enthusiastic than expected. This is of course just speculation, and it's fun to revert back later ;)
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