Its been in that range for 4.5 months, with the actual literal bottom (lowest price) coming 3.5 months ago. The bottom in 2015 ended with a large spike after breaking through resistance. That's literally what happened tonight.

I didn't expect this bottom to end so much faster than the 2015 bottom. The bear market lasted only about two months less this time (took 14 months in 2014, took 12 months in 2018), but i fully expected the bottom to last around as long as the 2015 bottom and for us not to see the kind of price movement we just saw tonight until late summer or early fall. But now we saw it, can't unsee it. As long as it doesn't fall back below $4200 we are out of the bottom.


But if you think about it a quicker bottom makes sense. Last bear market there was MtGox which not only robbed a lot of the bitcoin community of their money, but made people afraid to get in and took down the largest exchange in a time when large exchanges weren't prevalent they way they are today. Also it was the first time there was a full 4 year cycle (assuming the 4 year cycle holds into the future) and therefore a ~2 year bear+bottoming market. Now bitcoiners have seen this all before. We all knew to expect a long bear market, and a bottoming out phase lasting a significant amount of time too. We also all knew it will turn around. Whereas the 2014-2015 market was down soooo much longer than at any previous point for bitcoin. Basically this was a lot less scary for bitcoiners so we were just waiting knowing the next bull run is coming, I think 4 years ago a lot of people lost hope cuz it was soooo much longer than any previous bitcoin market.

Also when comparing the two periods, 2018/2019 and 2014/2015, bitcoin is constantly in the news now, its talked about on financial programs quite often, tech CEOs talk about it, governments talk about it, you have major tech companies and banks working on their own cryptocurrencies, you have lots of companies researching blockchain, you have institutions on Wall St gearing up to offer Bitcoin services this year.

Basically if you pay attention to the financial industry or the tech industry at all you hear a lot about bitcoin. It is much more relevant today than 4 years ago simply in terms of being paid attention to. Bitcoin basically dropped off the face of the earth (the little bit of the global consciousness that it had entered in late 2013 and early 2014) during the last bear market. This time thats not remotely true.

So yeah it makes sense if this bottom is over and the bull market just started and was only half as long as the last bottoming out phase, because there's 100x more things happening in bitcoin in terms of interest and attention than there was at this point in the last cycle.

Maybe you define bottom differently. But I would define it as the bottom of the market, in which bitcoin was stuck range bound near the absolute bottom and under high resistance at a specific level, and once that resistance broke it is able to spike up unlike anything seen during the bottom. Defines what we saw with the bottom in 2015 and now.

Yes we all know. It broke through the resistance that was holding bitcoin at the bottom of the market. The resistance was around $4200, which served as the top of the bottom of the market since November. The price has been edging up towards that for a while now, and was rubbing right up against it today, and it finally broke. Bottoming is over, likely the next multi-year bull run just started tonight. For reference, look at October 2015, same thing happened to start the last bull run.

This is the reason why Bitcoin crashed so hard last November. Basically everybody assumed that "November" and "December" are usually bullish months and they went all out and overleveraged themselves and this is what caused that massive crash.

Right now we can only hope that $4200 area gets engulfed and we close above it on the weekly candle and then we hope that it won't crash under it. If we get this, then this will be the first time since the ATH since we get a weekly close above a previous pivot.

All these predictions are all guesses in my opinion and they should all be taken with a grain of salt.

Some post their predictions with no "support" at all, some come with shiny graphs and analysis.
You come with some historic data, but at least you are honest: it's just speculation. I like that.
(Somehow I feel that this should written down more often, since many newbies or occasional readers may not know.)

Back on track: on history-based forecasts I tend to agree, November was - sometimes - a good month. On the other hand February-March used to be bad (Chinese New Year, Tax..) and this year it was not worse than the (already bad) average. So history may be deceiving too. I hope you are right and we'll be at 6k+ by November, though.

Tron is plagiarized and EOS is centralized. My pick would be neither. There are several other samrt contract platforms out there that are miles ahead of these two coins. Pick one of them instead.

Hi stanlee2018,

Not offensive at all, all feedback is good feedback.

This product is more like a gimmick/niche product for crypto enthusiast that are looking for something different/unique.

Similar to wearing a watch or having a custom crypto painting for example.

Also keep in mind that a full fledged wallet is planned to be incorporated when time allows, this would bring some more usable functionality to the product.

我的柚子是40买的，150没卖，一路看他跌到60, 40，前阵子甚至到了10块。真的失去信心了。
后来EOS上出现了一些博彩平台，eosbet就是其中一个最有名的。朋友说，在上面玩游戏会得到平台币BET，然后会获得赌鬼输的EOS作为分红。
游戏基于智能合约，开奖结果全部上链，每笔交易链上可查，公平，透明，去中心化。
并且关键是会获得平台币BET，长期分红，所以你现在输，其实不是输。
他们说，这是新的“挖矿”。于是我也去挖，据说分红很快就能回本。玩游戏能挣钱，这事情确实很有吸引力。
可是我不一不小心，玩上头了。一万个EOS，玩了一晚上，到了快三万个，没停手，后来全都输了回去。
后来火币小号里还有半个比特币，就提出来，继续赌。下大注，没想到不一会儿就输光了。
基于区块链，公平透明的，又怨不得庄家。
现在有10多万BET代币，昨天分了10多个EOS，确实是很好的分红。
可是如果我不恶赌，而是去挖矿，那么多EOS和BTC绝对不只换那么点币。。。
以前跌了就跌了，至少币没变少。心里总还有个希望，牛市翻身。
现在本快都没了，真的想死。。。
今晚抽了两包烟，喝了一箱啤酒。
不知道怎么面对当时被我说服不要付首付拿钱去买EOS的老婆。
这个日化1%的赌场股份，三个月回本，到时候不知道EOS会是多少钱，也不知道这个山寨币上了交易所，能卖多少。。。