whales are accumulating Bitcoin millions from binance and bittrex as well

[exstasie]

Actually it really does feel like 2015 all over again doesn't it?

Same bearish sentiment, different market structure. As they say, "history doesn't repeat but it often rhymes."

I don't think halving will have the direct impact it has had before but long term effects tend to bite in big ways down the line.

We've just had 6 months of weak downtrending so nobody should be surprised at a mid-term uptrend in Q1 next year regardless of the halving. The same thing also happened in 2012 and 2016, so there's that too.

[enhu]

Actually it really does feel like 2015 all over again doesn't it?

Same bearish sentiment, different market structure. As they say, "history doesn't repeat but it often rhymes."

I don't think halving will have the direct impact it has had before but long term effects tend to bite in big ways down the line.

We've just had 6 months of weak downtrending so nobody should be surprised at a mid-term uptrend in Q1 next year regardless of the halving. The same thing also happened in 2012 and 2016, so there's that too.

It does feel like it had happen before, its time to just keep accumulating the top coins since its just a matter of time that we shall start seeing lots of progressive developments that will happen to which a new wave of adoption will happen and probably deployment of cryptocurrencies. The downtrend happens every time but 2016's price is too different in 2019 so it might take really long before we see price jumps in the market.

[buwaytress]

Actually it really does feel like 2015 all over again doesn't it?

Same bearish sentiment, different market structure. As they say, "history doesn't repeat but it often rhymes."

I don't think halving will have the direct impact it has had before but long term effects tend to bite in big ways down the line.

We've just had 6 months of weak downtrending so nobody should be surprised at a mid-term uptrend in Q1 next year regardless of the halving. The same thing also happened in 2012 and 2016, so there's that too.

Aye, and the strangest thing is even those who've been around since the last cycle, having had the opportunity to witness the lessons learnt then, are falling inexplicably into the same cycle of sentiment. I remember mentioning in 2018 when some self-professed old players were suddenly giving up (this was close to the 2018 low). It's as if, all the past cycles weren't enough to convince them that this rhyming of history would persist.

I wouldn't exactly call myself different from others, but I will say I'm able to be a lot more sentiment-resistant

[exstasie]

Aye, and the strangest thing is even those who've been around since the last cycle, having had the opportunity to witness the lessons learnt then, are falling inexplicably into the same cycle of sentiment. I remember mentioning in 2018 when some self-professed old players were suddenly giving up (this was close to the 2018 low). It's as if, all the past cycles weren't enough to convince them that this rhyming of history would persist.

I wouldn't exactly call myself different from others, but I will say I'm able to be a lot more sentiment-resistant

I've learned to be that way, but it's still a challenge. No matter how many times I experience the same cycles, my gut instincts always tell me to hold at the top and sell at the bottom. When the market is down 50% and there's blood in the streets, you really want to make the pain stop and sell everything, but that's usually the worst possible time to sell.

So I'm never surprised that most people lose money trading markets. They just don't have the patience or constitution to wait through the pain of financial losses.