When bitcoin rise from below $3150 to $5000 in April 2019, it is a clear indication that the bearish trend that commenced in January 2018 has ended and Bitcoin has resumed the bullish trend. I see all the long term indicators showing a sign of the beginning of a new bullish trend that will lead bitcoin to $100,000 or above and that might happen very soon. I have decided to keep holding and I strongly disagree with your views that bitcoin is in a downward trend. I don't think the correction is a change of trend directions!
Sure, it could be just a correction. I just want to point out that it is also possible that we already have reached the peak and are now starting to decline. Sure, it could go bullish
like this but it also could go bearish
like that.
It shouldnt last positively forever, I think your charts are perfectly reasonable. Are you new to the forum, far too rational a post for somebody new :p
I appreciate it! I tried to spark a discussion on reddit but /r/bitcoin is literally a worse echo chamber than /r/the_donald
The majority is from speculation but there is business that turns over in Bitcoin and even could give a yield for its operations.
I think the only people that (on average) are making money with bitcoin trading are the trading platforms and whales that can do market manipulation. Other than that I think bitcoin is too unpredictable for trading.
OP is total retard.
no u
when people talk about "long term" and bullishness of bitcoin they are talking about the over all trend that happens over the years not in some couple of months or even one year. meaning price may be down this month (for example) but it will be up in a year from now.
Yes I am aware of that. But right now we are down quite a bit from the last all time high and also down from the 'all year high'.
You could even draw a bearish trendline on the all-time-chart.
that is an entirely different discussion and it is not something you could see by drawing some lines on the charts!
your argument is that bitcoin adoption has come to an end and no more people are going to ever adopt bitcoin. that simply is false. the adoption has not yet happened for more than 1% of the world. we still have a long way to go.
How do you know that it 'simply is false'? Did you take a look into your glass sphere?
Seriously though, 1% sounds like WAY too much. But let's say it was 1% - how do you know that 1% isn't the point of market saturation?
your "theory" doesn't have any reasons in it. you are basically making guesses based on your own feeling.
So, literally the same as you are doing.
try explaining it and come up with reasons first. for example why do you think bitcoin adoption has come to an end while it is just starting up?
The 2018 super-hype was big enough to reach basically every person that reads the news and thus everyone willing to get into bitcoin already has done so.
As far as Bitcoin not paying out dividends, it's not entirely true. Bitcoin holders have been generously rewarded with a wide variety of forks (forks you wouldn't have for free if you didn't hold Bitcoin prior to the splits).
Bcash was like an insane dividend. I don't hold my coins on an exchange so I couldn't cash them out at the highest possible price of over 0.4BTC, but I still managed to net an average of 0.19BTC per coin. Where do you get that?
Then we had BTG of which I managed to net an average of 0.03BTC. There have been way more forks but these two turned out to be the most rewarding. I still think that we will see more forks when the bull run really kicks in.
Okay that's great, I wasn't aware of that.
But still, it's not something you could rely on so it's not really comparable to dividends.
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