Comparison between 2014 and 2018 bear market: - History repeats itself - Forming a descending triangle - Needs a reversal pattern for trend reversal (double bottom) - 85% retrace from all time high
I know a lot of folks don't wanna even think about this as a possibility, which is another reason why I gave it a thumbs up. They NEED to understand this.
RealMcafee
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Please compare apples with oranges next, thanks!
NickPadovani
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@barclayjames, Maybe he can compare your account now to your account a few months from now, where your denial and ignorance will lead to a staggering difference between these two figures ;)
RealMcafee
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@NickPadovani, Why would you assume I'm losing? You must be a serious gambler.
NickPadovani
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@barclayjames, I'm just saying that you're making a mockery of a very plausible scenario here, because so many people (very likely yourself included) are all about blind bullishness, and refuse to accept the possibility of downside.
RealMcafee
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@NickPadovani, It's not plausible at all and the fact that you don't know that shows you know nothing about the state of this network.
NickPadovani
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@barclayjames, a flash crash to 3k at any point in time isn't plausible? mkkay.
RealMcafee
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@NickPadovani, Do you know how much energy Bitcoin uses?
RealMcafee
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@NickPadovani, Do you know where mining revenue is at?
RealMcafee
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Do you have any idea about this network at all? @NickPadovani,