This cycle feels different.
It started not as others with a "premature" summer 2019 bump, it continues on a strange trajectory. No super pumps followed by plunges.
We seem to be decelerating now at a level last seen in early February. A "flat with pimples"?
You come up with some doosies.. biodoosy.
First, no two cycles should look the same, even if many times we seem to be getting a lot of eery similarities, but king daddy is not constricted to such formulaic price moves whether we are referring to UP, DOWN, or sideways.
I would hardly call our current position as lacking in steam - even though it is quite true that BTC prices may well have gotten ahead of their lil selfies on more than one occasion, including but not limited to the early April 19 to late June 19 pumpening that you referenced and even our 6.5x price increase from September 2020 to mid April - which is hardly even close to being clear if this has run out of steam, as you seem so inclined to call after a mere 6 days since the last ATH.. and a mere 20% correction (which is way the fuck within previous levels of correction that we have had in several cycles, including this particular cycle, too)... Nothing to see here you dumb fuck, unless maybe we start getting into the 50% price correction territory and maybe that it is lasting.. because corrections have both a amount of movement factor and also a time factor, as you should well know that by now, in spite of your inclinations to try to read negative into any lil tingilie. You
really need some kind of slappening.
A slow cycle? A half-cycle? Mid-cycle lull?
However you want to label it, there is nothing really to see, yet. It's normal price movement and/or within a range of normal price movements, and nothing to really get too excited about, yet.
Re doge-I am curios as to where it would stop..maybe it is done already,who knows.
Who gives any shits about a shitcoin? Why would it even matter in these here parts or in any parts?
More interestingly: if inflation will pump by summer/fall, how would this reflect in btc price?
Linear thinking says that it would be a positive factor, but I am not so sure, short term.
Like you said, it should have positive influences on bitcoin UPpity price pressures, but sure might not be reflected in short term BTC price movements.. so cannot really disagree with you on this point in spite of your other retarded assertions within the same post.
Every time BTC start crashing one idea strikes to my mind, there was a time when BTC went from $19,000 to $4,000
History will repeat at some point, let's hope I would manage my nerve when truly bear coming...
You seem to be prematurely getting nervous.
Maybe you are getting nervous because you are over-invested mrjoy15, and you should shave off some profits in order to feel more comfeee? But then again, maybe you are just trying to time the market in a kind of greed?
Anyhow, sure you could be correct that BTC's UPpity price movement could be out of steam.. perhaps? perhaps?, but it seems quite likely that we are in mid-2017-ish of the cycle rather than late 2017... but yeah, sure, we never know when the end of the cycle will be, so each of us has to attempt to figure out a BTC portfolio management strategy that works for us depending upon where we are at - and for example, if you are in early BTC accumulation mode, you might well be thinking about matters of BTC accumulation (including inclinations to gamble) differently from someone who has already accumulated a decent amount of BTC stash.
One of the problems that we have witnessed historically is that there are some peeps who never reaching late BTC accumulation mode because they try to use selling their BTC as a means to accumulate BTC, which does not seem to be a very reliable method , in fact selling to accumulate seems to be the opposite of reliable in terms of accumulating BTC, if that might be where you are at, currently.
Hardly can know exactly where you are at merely based on your forum registration date.. or the assertions that you have more than one account. You may need to provide us with more details regarding what you might be trying to accomplish in terms of your seeming worriedness that the top might be in and that might help, perhaps?
These ups and down is part for the game!!!
Very True. Most of traders wish to see rise of BTC like parabolic candle but in reality it rarely happens and every rise is followed by a fall. Market always moves in waves.
I agree with the first chart posted by shahzadafzal, and it seems to me that a lot of us have reservations about the regularities that are appearing in that second chart, Sayeds56 - even though probably no one here really can disagree that waves do not occur, but sometimes, we seem to get overly reliance on some of those seemingly bullshit wave theories to try to plug bitcoin into some kind of pattern in order that you might be able to predict what might happen next, and so we surely need to be careful when we are trying to assign too much predictive value to what BTC might do next based on some stupid wave pattern, unless maybe such wave pattern might be also accounting for a variety of other relevant factors that might be putting pressures upon BTC's price in one direction or another including the fact that humans sometimes like to purposefully push BTC prices in the opposite direction than is being expected which provides them with profits if they are able to achieve such opposite BTC price movements.
Supply shock underway.
priced in? naaah
I still think that this cycle will surprise us (either on upside[70% chance] or downside [30% chance-purely a guesstimate]).
Actually something is wrong, Biodom because I am agreeing with you regarding everything that you said in the above post.
Your might be starting to rub off on me
(until you say something stupid, again.. hahahahaha)1st point.. fuck that priced in bullshit.
2nd point... good numbers - guesstimates.. surely skewed towards UPpity currently with so many bullish factors, but I had heard that some of the Glassnode numbers might not be adequately capturing actual movement of coins off of exchanges in regards to inadequate abilities to properly categorize some of the exchange/custody wallets - so that some of the wallets might be being treated as private wallets when they y are merely various kinds of exchange custody wallets - meaning that those misclassified coins could still end up being easily sold because they are largely still on the exchanges.
Poll
