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Author Topic: Bullrun will always come , Newbies do your research well  (Read 1613 times)
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December 13, 2018, 10:33:54 AM
 #1

I still don't understand why people are so worried about bitcoin present condition, new cryptocurrency investors are the ones getting everything wrongly. After months of living in worries i desperately want to understand how crypto works ,while using coinmarket cap I came to understand that Bullrun and bear run will always come around ,from 2009 to 2017 graph clears all my doubts as many bullrun has been in existence since day 1, 2017 was the highest ,what will be next ? 20k ? 30k or double of that ? We all need to chill and relax ,this days will always find their way back in time .Do your research ,past histories have all your answers

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December 13, 2018, 10:40:39 AM
Merited by dbshck (4)
 #2

prehistoric data is not an indicator of future events, there are much better reasons to be bullish on bitcoin
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December 13, 2018, 11:26:29 AM
 #3

the newbies who were worried about future of bitcoin have already sold and are out. i don't think there is anybody left with major amounts of bitcoin who is also worried about the future. that is why the drops look so weird these days.

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December 13, 2018, 11:33:58 AM
 #4

yes many investors made mode good money in bull run have sold there coins and with many rules and regulations from governments made bitcoin price to be in red this year , i do think soon bull run starts 
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December 13, 2018, 11:59:59 AM
 #5

newbies are selling in low, getting heavy damage, but investors are buying - newbies will never be pro if they can't grow a heart to take risks.
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December 13, 2018, 12:06:49 PM
 #6

I still don't understand why people are so worried about bitcoin present condition, new cryptocurrency investors are the ones getting everything wrongly. After months of living in worries i desperately want to understand how crypto works ,while using coinmarket cap I came to understand that Bullrun and bear run will always come around ,from 2009 to 2017 graph clears all my doubts as many bullrun has been in existence since day 1, 2017 was the highest ,what will be next ? 20k ? 30k or double of that ? We all need to chill and relax ,this days will always find their way back in time .Do your research ,past histories have all your answers

Bull and bear runs will not always come. That is fantasy talk. Eventually the market will cease to be relevant and people will no longer invest in it and therefore there will be no more bullish runs.

I strongly believe we have not reached that point yet but I just want you to be aware that relying solely on history will lead you to ruin.

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December 13, 2018, 12:25:55 PM
 #7

Past history is strong evidence of the strength of bitcoin. Smart newbies can analyze it well. Here we don't see newbie or professionals but those who do their own research who have to make decisions. Here there is no compulsion, anyone can go or hold on
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December 13, 2018, 12:42:59 PM
 #8

The bull run might come,but we have to bare in mind what exactly is a "bull run".
A bull run is hype+FOMO,which is driven by the crypto whales,crypto "gurus",mainstream media and the overall market situation.This leads to millions of newbies buying crypto and hoping for fast profits.
We need all the ingredients for the bull run recipe. Grin
Harkorede
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December 13, 2018, 12:50:55 PM
 #9

I guess this is a well known fact for everyone including newbies, everybody are rather just so impatient and expecting the bullrun to happen at the earliest possible time, I wouldn't blame them though that's what being new into a system does to you, those who have been in it long enough already know it's only a matter of time. However, I don't think past histories are anything to go by when predicting what is to come in crypto.

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December 13, 2018, 01:27:55 PM
 #10

Every market has a cycle to follow. The thing is most investors right now preferred short-term gains rather than looking at the big picture of cryptocurrency and the impact it can give to us in the future. Bull run will come at the right time it might not now or next year but it will in the future. Smiley
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December 13, 2018, 01:32:39 PM
 #11

the newbies who were worried about future of bitcoin have already sold and are out. i don't think there is anybody left with major amounts of bitcoin who is also worried about the future. that is why the drops look so weird these days.

Agree, those who were fearful of the recent market drop are already out.
Realistically anyone left in is not going to sell now.

We will be here again after the next ATH, It happens in waves or cycles,
it has happened before anf will happen again.

There are some who can react quickly to what happens abd others who
are causing the movements.
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December 13, 2018, 01:50:02 PM
 #12

Actually, Its more reasonable to think that pessimism will take over in a bearish market. Not to mention, most newbies are gullible, they are the ones who always rides the HYPE train and will prolly believe whatever it is, given that most ppl are doing it 乁( ͡ಠ ʖ̯ ͡ಠ)ㄏ

And last time I check, it isn't scientifically proven that history would always repeat itself. Everyone including you is just speculating, and most are based on something, pretty sure you're not the only one who base their stance on the past events.

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December 13, 2018, 01:56:47 PM
 #13

Bullrun will come - 100%. But it's maybe early now - we must wait patiently and buy in at the bottom.
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December 13, 2018, 01:56:57 PM
 #14

I still don't understand why people are so worried about bitcoin present condition, new cryptocurrency investors are the ones getting everything wrongly. After months of living in worries i desperately want to understand how crypto works ,while using coinmarket cap I came to understand that Bullrun and bear run will always come around ,from 2009 to 2017 graph clears all my doubts as many bullrun has been in existence since day 1, 2017 was the highest ,what will be next ? 20k ? 30k or double of that ? We all need to chill and relax ,this days will always find their way back in time .Do your research ,past histories have all your answers

Yes l was waiting for thebullrun this year l know it will come.l don't lose hope l will be patiently wait for the opportunity for me to be rich to reach my goal in life.

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December 13, 2018, 01:59:56 PM
 #15

after all, at the moment some altcoins and other crypto in the market are doing significant development, and hardfork are doing them to be even stronger in the market. the efforts of et bitcoin are also still not giving up, so believe that a bull run will definitely happen.
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December 13, 2018, 02:14:14 PM
Last edit: December 13, 2018, 03:13:13 PM by franky1
Merited by dbshck (4)
 #16

since october when the hashrate decline of pools getting ready for the next gen ASIC switchover began. profitability changed those unable to obtain bitcoin cheaply through mining stopped and those who could carry on have. and now they get a bigger slice of rewards due to less competition. thus they can sell more cheaply

there is a market/mining dynamic that plays out as a result. no one wants to sell for less than cost. and everyone is looking for the cheapest way to obtain bitcoin. so there is a correlation between mining and the markets.

just watch for when (not a temporary hourly/daily average) a weekly/monthly average of hashrate rises. and you will see the market follow

looking at the most efficient mining. (i done the math to make it easy) take the hashrate and multiply it by 104 and you will find the dynamic number of minimum mining cost / minimum bitcoin sell value
its not a hard rule as sometimes you get the odd early adopter/panic seller that wishes to push beyond that. but after that temporary event, the early adoptor/panic seller no longr has their coin so they cant re-push the price using coins they no longer have,
but in general you will see the dynamic play out where by the price stays at or above the 104 multiple of exahashes

take right now ~32exa *104=3328........ current price ~3400

this correlation has been well known for 8+ years
heres hal finneys first ever post on the forum talking about it in 2010
One reason price might follow difficulty is that mining should not be too profitable (because nothing should be too profitable, the world doesn't leave free money lying around). Therefore the price of Bitcoins can't rise too much above the cost of mining (counting equipment depreciation among the costs of course). The cost of mining is proportional to the difficulty (approximately). Therefore we might expect to see price proportional to difficulty.

We do see a nearly proportional relationship in the 1st graph, but that data set was incomplete. I'd like to see that last graph redone with a linear difficulty scale so we could see how the proportionality holds up with more data.

the dynamic exists because if mining is too profitable miners sell. bringing down the price.
the dynamic exists because if mining is too expensive people just buy. bringing up the price.

people will always find the cheapest way to get bitcoin. and people avoid selling bitcoin at a loss. so price staying around the cost of mining has shown a correlation even 8 years later

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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December 13, 2018, 02:18:14 PM
 #17

..Do your research ,past histories have all your answers

Past performance will not guarantee future results. If bull run will come, there's another reason why it will happened. We have lots of reasons to believed on that disregarding the price history.

On a side note, we don't have to bother on other's approach on the bitcoin future price. We can't have the same view about it. If others want to dump, then fine. Want to exit, then fine. Want to continue, then fine. etc.

People just have to take advantage on every opportunity they will encounter, whether to buy or to sell. What matter here is, we must received a "benefits" no matter the market situation is.

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December 13, 2018, 02:20:13 PM
 #18

I still don't understand why people are so worried about bitcoin present condition, new cryptocurrency investors are the ones getting everything wrongly. After months of living in worries i desperately want to understand how crypto works ,while using coinmarket cap I came to understand that Bullrun and bear run will always come around ,from 2009 to 2017 graph clears all my doubts as many bullrun has been in existence since day 1, 2017 was the highest ,what will be next ? 20k ? 30k or double of that ? We all need to chill and relax ,this days will always find their way back in time .Do your research ,past histories have all your answers
I agree with those of you who are forward-looking like that, who are able to arouse the enthusiasm of crypto money users who indeed have support from every party and also information that can indeed encourage the user to continue to be optimistic about the future of crypto's money.
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December 13, 2018, 02:22:28 PM
 #19

Bullrun will come - 100%. But it's maybe early now - we must wait patiently and buy in at the bottom.

Thank you , oh wise one. Now please inform us what is the bottom?
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December 13, 2018, 02:22:49 PM
 #20

The beauty of cryptocurrencies is its unstable state. No one can accurately predict what will happen with cryptocurrencies for there will always be bullish and bearish state
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