Guys, here, were not way too bullish in 2017. Many guys were predicting $3k to $5k as the high price points, and $10k in some kind of outlandish scenario. 2017 Bitcoin prices left a vast majority of folks here, even the most pie in the sky bullish of them in the dust.
True story. I wasn't even _wishing_ for that high a spike.
Of course, that almost guarantees that it will be different next time.
Which direction is yet to be discovered.
In my current thinking, it is NOT out of the question to have some kind of similar outrageous UP BTC price movement that goes beyond expectations.
Surely, I am not going to bank on such an outrageous UP movement to happen, and really, I am profitable whether BTC prices go UP again or NOT. I can also start cashing out at current prices and feel comfortable - even though I don't really need to cash out for the next 5-10 years.
Anywho, part of my point is that there is nothing really stopping a crazy ass outrageous UP BTC price movement from happening again. Think about it. We still only have less than 1% of the worlds population with any kind of investment in BTC. Some people removed a decent amount of their coins from trading, so they are just hanging on to a decent percentage of their coins, even if the price goes way UP.
Some HODLers might say, "o.k... fine.. I will sell 30% of my coins," yet in the end, I doubt that we have even $10million coins getting put up for sale, even if the BTC price goes up to $100k, and that is only a 5x from the previous ATH.
I must agree with you that even though we can spot certain kinds of similar patters with previous BTC price upsurges, we cannot really count on the next one (if it happens) taking place in the same way as any of the previous BTC price upsurges.
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