Hello friends! Do not exclude from the attention of this chart. A new stage of the market does not happen just suddenly moving up, the asset needs to go through the accumulation stage, after when strong fundamental news arrives, a long and strong growth phase begins, as we observed in 2017.
yes, not sure how low it will go, but I'm pretty sure it will take at least a year to break 10k ...
this fomo bull run is an utter embarrassment for the bitcoin community
majic92
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@MichielVan Kets, i aggree, this is bad for stability of market, some think than we go in no end cycle. - -'
MichielVan_Kets
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@majic92, exactly, people just assume that it will go up based on absolutely nothing but their own greed
the previous bull market was fueled by the remittance payments market; western union lost a huge chunk of the market; that's real demand ... there's nothing similar to it now, it's pure fomo and nothing else
there needs to be a bottom period to make sure that there's enough pressure on everybody to start solving problems, instead of only speculation and fraud on a massive scale
bitcoin has great potential, but it has to live up to it
I do a lot of international payments for my company ... I love bitcoin, but I just can't risk using it for my company, if I were to hold too much btc and it drops ... that's a problem; I could go bankrupt from it ... and that's just 1 of the many problems; I have no other option but to keep using paypal ... as long that's the case and not just for me, but for millions of companies all over the world; the last thing we need is a fomo bull run
then again, we'll probably get a real severe drop from this now; they pushed it way too high, now it will most likely drop way too low ...
it better or I'll do a hardfork to add those features that I need, so I can use it for my company
PS: I'm still the record holder of the most viewed interview in my home country and although i was on tv for my light sculptures (my profile pic), what i actually talked about is how our modern technology allows for us to be so interconnected that we're growing an organic brain for society, I don't think i used the specific term; decentralized platforms, but that's what i was basically talking about ... more than 20 years ago
majic92
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@MichielVan Kets, try to look bitgo.com/ maybe they have a solution for you.
mmmp12
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@MichielVan Kets, You can always try to use stablecoins (ofc audited ones, not tether). Cryptocurrencies based on nothing more than pure demand/supply (like BTC) won't ever stabilize - it's a speculators and pnd dream, so they will use this advantage to the maximum extent.
maxty
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where's dislike button?
tonycryptonian
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This is Bitcoin, not traditional markers.
It has continued to do the same pattern since its inception.
Goes parabolic and then crashes down almost to the previous bottom but always stays above it.
So until it does otherwise, I will assume it will follow that pattern. I believe it will rise above $100,000 in 2021 or 2022.
Thanks
Marzo999
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Chart is not convincing at all. You bended the blue line based on what you wish.
degentrader1111
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you are dreaming bro...too much good news coming out and technicals too bullish
this fomo bull run is an utter embarrassment for the bitcoin community