Analysis

[sumantso]

Masterluc, so the multi year bear market prediction of yours is not happening? Or did you already buy back in?

It was too bold and extreme a prediction.

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[hdbuck]

Masterluc, so the multi year bear market prediction of yours is not happening? Or did you already buy back in?
It was too bold and extreme a prediction.

i am more and more keen to that multi bear year market scenario. but would def enjoy some Lucif's update.

[sumantso]

Masterluc, so the multi year bear market prediction of yours is not happening? Or did you already buy back in?
It was too bold and extreme a prediction.

i am more and more keen to that multi bear year market scenario. but would def enjoy some Lucif's update.

You're tired of the current price? I wouldn't want that and the prediction that time helped me a profit; just want to know what he is thinking now.

[hdbuck]

Masterluc, so the multi year bear market prediction of yours is not happening? Or did you already buy back in?
It was too bold and extreme a prediction.

i am more and more keen to that multi bear year market scenario. but would def enjoy some Lucif's update.

You're tired of the current price? I wouldn't want that and the prediction that time helped me a profit; just want to know what he is thinking now.

nope im not tired of the current price, and i'd love to break last ATH, but i find it hard to see it happening within the next year or so.

but yea, masterluc, if you are hanging around (and hoping everything is fine for you in Ukraine), we're listening..

[WillyBTC]

This long time of sideways has got me scratching my head. Paging Masterluc!

[Wekkel]

This long time of sideways has got me scratching my head. Paging Masterluc!

Just wait another 6 months to understand the meaning of slowly grinding lower.

[WillyBTC]

This long time of sideways has got me scratching my head. Paging Masterluc!

Just wait another 6 months to understand the meaning of slowly grinding lower.

Ouch. Slow grind to retest the $340 low?

[Wekkel]

This long time of sideways has got me scratching my head. Paging Masterluc!

Just wait another 6 months to understand the meaning of slowly grinding lower.

Ouch. Slow grind to retest the $340 low?

No one knows but I meant to paint a picture of a really 'long time' of no action (sideways or slowly decreasing). I favour that scenario.

[lebing]

This long time of sideways has got me scratching my head. Paging Masterluc!

Just wait another 6 months to understand the meaning of slowly grinding lower.

Ouch. Slow grind to retest the $340 low?

No one knows but I meant to paint a picture of a really 'long time' of no action (sideways or slowly decreasing). I favour that scenario.

In order for that some new horrible news would have to happen. If not, there is absolutely no reason to think we will stay at these relatively low levels for long.

[sumantso]

This long time of sideways has got me scratching my head. Paging Masterluc!

Just wait another 6 months to understand the meaning of slowly grinding lower.

That's boring, maybe I will actually get some real work done during the time then. Or start sports betting to get my gambling fix.

[DjPxH]

It's funny to stumble across the initial post in these times of ping-pong sideways-movements. You see, everyone back in last August complained about those boring times yet they didn't know a 1000% increase was to follow. I wonder how we will look back at these 'boring' times

[RyNinDaCleM]

It's funny to stumble across the initial post in these times of ping-pong sideways-movements. You see, everyone back in last August complained about those boring times yet they didn't know a 1000% increase was to follow. I wonder how we will look back at these 'boring' times

It could be something like "gee I wish we were back up at $600"

[Wekkel]

This long time of sideways has got me scratching my head. Paging Masterluc!

Just wait another 6 months to understand the meaning of slowly grinding lower.

Ouch. Slow grind to retest the $340 low?

No one knows but I meant to paint a picture of a really 'long time' of no action (sideways or slowly decreasing). I favour that scenario.

In order for that some new horrible news would have to happen. If not, there is absolutely no reason to think we will stay at these relatively low levels for long.

I have seen a lot of positive news and MSM articles on Bitcoin and it did not impact price notably or consistently. There's no hype and that - in the long run - is good.

It's better for Bitcoin to rally due to increased use than because of hype (although hype is a necessary part).

This technology is still in its infancy. I can fully identify with Masterluc's earlier idea of an extended period of 'no price action'. Meaning more than one year at least. I have been through the slow grind after the 2011 bubble. Not very exciting but with an important resolution in the end 

[giveBTCpls]

I also see a similarity with the 2011 period, I think we will see a long steady period until next phase. Im ok with it as I can keep trying to get some BTC monthly, if the price goes higher i will be getting basically peanuts.

[molecular]

I also see a similarity with the 2011 period, I think we will see a long steady period until next phase. Im ok with it as I can keep trying to get some BTC monthly, if the price goes higher i will be getting basically peanuts.

I don't see similarity with 2011. At least not if you mean the excruciatingly painful bear market in the later part of that year. The media proclaimed BITCOIN DEAD!. Only the most stubborn idiots (like me) seemed to hold on to their Bitcoin. Sentiment on forum was terrible. Doomsayers pointed to earlier posts saying "scam", "ponzi", ...

However I also think we might be looking at quite a long period of sideways action... I'd rather compare it to summer 2013, though. Sentiment was mixed. Bulls were bullish, bears bearish. Bears are not very vocal right now, probably because of the stream of good news, but bulls are also kind of exhausted, having called/expected the next rocket just around the corner for up to half a year now.

I have accepted as quite probable we might have to wait a rather long time for the next jump to occur. So I'm rather disillusioned currently, neither buying nor selling. Kind of a capitulation, which is in turn: a good sign.

EDIT: I also give credit to luc for calling a "year-long bear market" late last year. At the time I thought he was nuts. Now one has to acknowledge his call wasn't off by much so far.

[JimNastics]

 I also give credit to luc for calling a "year-long bear market" late last year. At the time I thought he was nuts. Now one has to acknowledge his call wasn't off by much so far.

Same, I scoffed when he made that post. As each day goes by, it's looking like a great call.

[sumantso]

It's funny to stumble across the initial post in these times of ping-pong sideways-movements. You see, everyone back in last August complained about those boring times yet they didn't know a 1000% increase was to follow. I wonder how we will look back at these 'boring' times

If I only could predict even half of what was going to happen I would be 10 times richer.

Still, 4-5 times over last year's price, not bad at all.

[Tzupy]

For the bearish scenario, I noticed a similarity between the March charts and the current ones. The difference is that the movements
occur now 3x - 4x slower so I used 1d for recent charts and 6h for the March charts. An explanation for the much slower movements is
that in March the market was moved downwards by China FUD, while since May such FUD was mostly absent.
In the bearish scenario, today is similar to March 15th, with low volume and and undecided direction.

[seleme]

It's either 800s or 440s..

I am leaning to 800s, can't see this level as accumulation. We're just consolidating after big 40% move and we're very close to recent tops.

[AceWallen]

It's either 800s or 440s..

I am leaning to 800s, can't see this level as accumulation. We're just consolidating after big 40% move and we're very close to recent tops.

what do you mean by you "can't see this level as accumulation?" i thought accumulation = when distribution ends and buyers start outnumbering sellers/supply dries up.