There is major bullish talk here. I admit I am a bull and always have been.
May I ask why everyone feels different last time? If we went up to 780/790 last time then down to 5** surely it's not out of the question that this may happen again.
I don't mean to piss on anyone's fire here but this move is nothing new. What am I missing? Please feel free to tell me why this time is different.
From a cautious bull.
I don't think that anyone is saying that it is different this time. At least, I did not mean to imply any such thing coming from me.
Surely, I will concede that we have to acknowledge that some things are different including the passage of time and there is a little bit of a difference because we got seg wit looming and we got the effects of the halvening in place, but you are correct in any kind of implication, those factors are likely not strong enough on their own in order to guarantee any kind of getting us passed resistance in the upper $600s and in the upper $700s. Surely, we got get passed those two resistance points, at minimum.
I also made the point earlier, in a response to a point of "stability" made by Jimbo, that even though we are in good BTC price territory right now, it seems quite accurate that we have not had any kind of meaningful price correction since the lower $600s.. and currently that is approaching a 10% increase without any kind of meaningful correction..... sure these kind of trickle ups happen, but we cannot really rest assured based on an ongoing and unexplained trickle up that is currently floating in the 10% territory.
I, certainly, don't want to be accused of counting my chickens too soon when I gots me a bunch of eggs, here.
I personally think that it is really nice to see this current upward price movement - doesn't it seem to make everyone who is invested in bitcoin feel a quite a bit better - cheers up folks, gets us posting in the thread.. excitteeeeee, excitteeeeee, even if we realize that there is decent potential that we could experience a correction? We are still in a better place to go up and to experience a correction rather than experiencing any kind of correction before we even had a chance to go up, first, no?
Accordingly, caution to the winds is that we are experiencing much of this upward trickling with fairly medium trade volume (sure trade volume has picked up a little bit in the past 24-48 hours and actually it is up from its relatively pathetic levels from a couple of weeks ago), but relatively low volume or even average trade volume shows us that we have not quite reached the btc price battle stage, yet. In that regard, we could get dumped upon at any time.. and maybe a dump would cause a BTC price battle and maybe an attempt at a dump will cause a battle..? maybe the bulls are really ready to push the price up this time?
I think that we gotta see some of this play out, including seeing if we are going to get passed a few quasi-recognized and likely resistance points - currently seem to be in the upper $600s and in the upper $700s, at minimum, no?
Poll
