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Poll
Question: Where are we now?  (Voting closed: March 26, 2018, 07:50:09 PM)
A: April 2012 - 0 (0%)
B: Nov 2012 - 2 (8.7%)
C: Oct 2013 - 10 (43.5%)
D: Aug 2014 - 9 (39.1%)
E: Aug 2015 - 2 (8.7%)
Total Voters: 23

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Author Topic: POLL: Where are we now?  (Read 200 times)
wuvdoll
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March 23, 2018, 12:50:17 PM
 #21

none of the above, not because I don't have a prediction for bitcoin price after this point but because no matter what happens and no matter what that may look similar to, it still wouldn't be a repetition of the past.
just because some trend happened before it doesn't mean it will happen again.

the funny thing is, pretty soon none of these would matter at all. you will look back and see all these ups and downs like a dot on a bigger picture. the "boom" has not yet happened so this chart is like looking at 1 min chart and trying to predict the next year's price from it.
Always love reading your comments a lot and the thing is that a lot of people always want to judge with what has happened in the past and that keeps them away from focusing on the future. It is normal, if you live in the past, you will definitely remain in the past. This is now, this is a new record, and whatever happens should be accepted as what is meant to happen. I also agree with the fact that, we have a long way to go in the future and no one would even remember now by then because we would have been long gone from it.

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March 23, 2018, 03:06:04 PM
 #22

We are in a bear market, but not like any of those you put in the pool.

A bear market can also mean a hybernation phase, where the price is always sidelining.

This doesn't work with cryptocurrencies. Hard assets like precious metals and commodities like steel, sugar, crude oil (to a degree) may be hibernating over longer terms because the value of these goods is real and pretty much established. This is not the case with cryptocurrencies. They are mostly vehicles for speculation, and their price cannot stay or trade in a narrow range because there is no point of reference for their valuation, for example, no demand from the real economy which would glue prices to a certain level.
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March 25, 2018, 10:22:08 AM
 #23

But, the chorus has just ended Grin And it will be silent till the Coda.

For Christ sake, the graph says nothing, there's no rhyme on it, just random zigzags. Please stop these "technical" analysis already.
Lol. People will always want to believe whatever they want to believe and they always do not tend to wonder why things are the way they are now, and the mistakes they always do is sticking with what has happened in the past rather than focusing on what is present and living with that on the way to the future.

I do not see anything much happening this year anyway, just my thought, but whatever it is, we have to wait for it rather than assuming the same past trend will happen again.
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