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11559761 No.11559761 [Reply] [Original]

Why has it been dropping steadily since a year? Will it ever start going up?

>> No.11559782

>Why has it been dropping steadily since a year?
B/c it went hyper parabolic from 5-6k range, and it came back where it started.

>Will it ever start going up?
Yes. Just be patient, crypto market is growing at a faster rate than any other developing market in human history.

>> No.11559832

>>11559761
>Why has it been dropping steadily since a year?

More people exiting the crypto market than people are getting into it.

>Will it ever start going up?

Not until people stop talking about it.

>> No.11559841

>>11559761
its the most beatiful textbook correction you can see on any market

>> No.11560186

>>11559832
Why would people stopping talking about it make it go up? Would more interest and people buying more bitcoin make the price go up?

>> No.11560267

>>11560186
Most people won't FOMO until there are large price movements. Whales won't pump BTC until they think it's safe (i.e., when most people aren't paying attention and weakhands have capitulated). Otherwise, they would be wasting their efforts as jittery investors would sell as soon as they're in the profit zone.

>> No.11560274

>>11560267
Ah OK makes sense.

>> No.11560282
File: 115 KB, 768x768, bitcoin cash vehicles.jpg [View same] [iqdb] [saucenao] [google]
11560282

>>11559761
BCH is slowly bleeding BTC. yeah sure BCH have been going down too but the difference is that it will come back. more and more people that actually use crypto goes to BCH every day and its those people that eventually make it rise again (through innovation, adoption, purpose).

BTC will continue to bleed and it will go up/down against BCH because of its ticker status (pairings on exchanges etc). but these shallow gains will be an illusion, underneath BTC is rusting.

>> No.11560422
File: 292 KB, 1537x1261, whay.jpg [View same] [iqdb] [saucenao] [google]
11560422

>>11560282
Not sure what you mean by this. Here are two indicators I look at when it comes to adoption.
https://txhighway.com/

>> No.11560558

>>11559761
Weve got another 16 months of bear. We took on way too many retard bagholders at the top who just stubbornly wont let go.

I explained in logical detail with steps in another thread why federal debt isnt real and the dunning kruger december buyers just made some meme about jaden smith. We are sooooo far from the bottom.

>> No.11560576

>>11559761
Crypto is officially dead. There is no volume, institutional investors dont want anything to do with it, business wont take it, and regular people all got burned by it. It was a fun idea, but it is a failed experiment.

>> No.11560586

>>11560422
>just bought a long position a few weeks back at 6.6k
Do you think it'll go lower? It feels like we finally found the floor at 6k

>> No.11560594

We are again in 2016. You understand that?

>> No.11560646
File: 2.90 MB, 3000x4000, bitcoinpriceanime.png [View same] [iqdb] [saucenao] [google]
11560646

>>11560422
basically im saying that people that are just looking at the current price swings are in for a big surprise later. BCH will catch up and take over fast. a lot of innovation is happening on it and BCH already have more developer tools than BTC ever had.

>> No.11560667

Its actually stopped
> steadily dropping
for many months now

>> No.11560675

>>11560667
It has been dropping since December of last year

>> No.11560676

>>11559761

I'm actually surprised that link is more popular than btc consistently on this board, wonder if thats the case on reddit / twitter too

>> No.11560767

>>11560675

No it hasn't

>> No.11560818

>>11560767
Since December it has dropped nearly 68%, since 3 months ago it has dropped nearly 16%, since September it has dropped 9%, it has not stopped dropping for "many months now"

>> No.11560845

>>11560594
2015*

>> No.11560856

>>11560818

It bottomed at 5.8K and hasnt returned

>> No.11560874

>>11560856
It has still been dropping since a year ago

>> No.11561606

>>11559761
>Why has it been dropping steadily since a year?

The bull run to 20k was due to tether. Tether isn't fully backed and is not worth much. You do the math

>Will it ever start going up?

Eventually. Nobody knows exactly when.