Bitcoin checking its daily To-Do list since Dec-2020
It is kind of funny that it does nothing for more than a year, then boom-bam...late 2014-Oct 2015 was the exact same behavior and even a tighter range.
Anybody remember that $225-275 stuff? lol
I just don't consider that we in a position that is very comparable to 2015.. Yes.. I will agree that in 2015, we were in a prolonged flat, but we were at the bottom of a correction.. and ended up being a bottom.. even though at the time, we were not sure whether the bottom was completely in.
I think that you are going to be hard pressed to make a realistic comparison.. even though you are throwing it out there as if it were a real point of meaningful pondering.
I think that many people would assert that we are in a kind of territory that is NOT quite exactly like any place tht we have been before, but at the same time, it does not feel completely strange because it has some feelings of some place that we have been to before.
We are consolidating.. and the break could be up or down..
We are seeming to no longer be within the confines of a four-year fractal.. but it would not be unusual to try to get it to fit by extending out the four-year fractal
We might not really know where we are currently until after we go to where we are going to go..
but part of the dilemma now remains that we should be attempting to figure out where we are going from here by making a comparison to other similar places that we have been in the past.
Of course, guys are going to frame where we are at in ways that help them to attempt to assign probabilities to where we might be going.
I know that you, Biodom and philipma1957 have similar views in regards to believing that we are going to be stuck in our current range for a decently long period of time, though I am not going to clump the two of you together in terms of suggesting that you got to this framework based on the same considerations.
Anyhow, I guess my main point is merely to assert that I doubt that 2015 is a very good comparison point to where we are at now.. even if you might be suggesting that we are at the end of the period rather than the beginning of it.. just does not fit very well for me, at least not without a decent amount of additional data that might end up thereafter supporting it to be a fair and reasonable comparison.
Yeah.. but he is not wrong.
Property is good, and equity tends to be a pretty good investment too.
Surely some of the problems with property and business ownership (kind of like equities) is that the proliferation of money printing has resulted in those markets inflating along with the irresponsible monetary policies that cause curiosities regarding whether something is valuable in itself versus how much of an additional monetary value does that something have because people are using it to secure their value because they are even more scared to keep their value in the dollar.
His conflation of bitcoin, ethereum and doge.. does kind of come off as a kind of uncomfortable sense of equivalencies to the extent that he is not specifying within his reference to the three.
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