Merited because of an interesting opinion, but i don't really fully buy the thesis that cycles are bound to increase in length since they are being driven (apparently) by halvings. In addition, if ROI are decreasing, but drawdowns stay the same (around 85%), then I just don't see whay it would continue in this pattern. I would reluctantly agree IF drawdowns were smaller, but so far they are not (to a significant degree).
It's like saying that since this summer was unusually long because of balmy weather it would mean that the next one would be longer still.
I didn't like this chart.
This says I gotta wait nearly 3 years for next big boom. 3 years to get 10x profits (from 10k to 100k) is actually not bad but I don't know. It is kinda too late I feel. I don't have enough patience left to get rich and that's why this chart has big chances become real. It is because it is actually painful. Somewhere around mid 2020 or mid 2021, (or from, till) after seeing btc going nowhere, people will say fuck this shit and dump their coins. Then we will go to the next moon. This is how the whales work. They'll only make you rich if you endure the pain long enough.
This bear market, it wasn't long enough.
I prefer masterluc's or filbfilb's charts over this piece of shit any day but life is a bitch.
Well, it is good to see all the other 'delusional' hodl'ers along with myself. At least according to my relatives this thanksgiving who think I'm quite mad for now blowing all my BTC.
At least they are consistent....they have mentioned I should sell every Thanksgiving since 2013 and how foolish I am. Oh well, so it goes.
But anyway, if they read this thread they would now say this is where all them kool-aid drinking hodl'ers hang out it seems. At least from the poll
Crap, have to do this again next year in 2020, hopefully I can drop the price, in the conversation at a new ATH to reverse the trend at that point...
the higher the price the more foolish I am for not getting USD it seems
...no way out. BTC price goes up foolish not to sell, BTC price goes down foolish not to sell, BTC goes sideways foolish not to sell because at some time it is all gonna go full
beanie baby! Sigh, you can't change your gene pool which is very, very concerning to me
If bitcoin reaches gold marketcap 6.6T, the price of btc will be 330K$. We all know US has got 334B $ gold reserve, but doesn’t have any bitcoin yet, maybe have 1000+ coins.
I guess bitcoin may rocket to 100K+-$ in 2021, and this cycle will be the last bull cycle, but will fall down to 20K later. After 4-8 years bitcoin will stay at 100K$ level, then move up little by little to its destiny.
2069 AD, Bitcoin will step slowly up to 1M $, if it finally defeat US dollar and become the first reserve money in the world.
I like to see and publish interesting graphics, Bitcoin is very young and we are few who believe in BTC, in comparison with the world population, for the world BTC is an experiment that was not taken seriously, leaders, politicians, the shit of the banks, nobody believed in Bitcoin , but now they have no choice but to accept that the experiment has become a reality and they don't know what will happen in the future.
How many new currencies have been created in recent history? 0
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