I know Bulls, Im sick out it too. I'm sick of all fud, and the haters that made no money last year walk around like experts because Bitcoin finally crashed and, they "told you so". I didnt want to believe it either; i didnt want to believe the "bubble" was real and it finally popped. It hurts my poor little bullish heart to say it, but the haters were finally right this time. After the breach of the support @ 8k, i knew this wasnt just the normal 50-60% correction we were use to. And like many, I'm sure many of us got stuck holding those 50% discounted bags. However, rest assured, these bears will eat their words sooner than they think, and we will be back on our way to the moon again.
Above I have laid out a comparison between BTC & The DOTCOM Bubble. I felt it was only right to compare a bubble of this magnitude to another bubble of similar global attention and similar influence. I did not feel a comparison to one of btc's previous bubbles could map out the uncharted territory we currently find ourselves journeying through. Although on different timelines, it is evident, crypto with the help of the social media boom, is moving exponentially faster. Thus, what took the DOTCOM bubble years to recover from, I believe Bitcoin & Crypto can recover from in under a year.
With that said, there just isnt much upcoming news for btc in particular, thus i have noted the dates of the upcoming G20 meetings on my chart as possible catalysts for price movements. I feel now after garnering global attention, btc will have to endure many hurdles before we can amount the confidence to continue our next bull run. Many of these hurdles will regard regulation and how many of these countries financial leaders choose to approach crypto. If these meetings lean in favor of interest for crypto, and lack hostility, I can see this having a positive effect on bitcoins price. However, any regulation placed without the utmost care could hurt btc's growth and scare away possible new investors.
For those of you who bought too soon and still have money to invest, I would suggest placing very low buy orders @ 3kish & under to try to dollar cost average out your portfolio a bit more. That way when btc does start to make a run, you will not have to wait for btc to pass your original buy in price to start making money again. #HODL
But why 3k? The floor in my opinion is 3k. it is our first real run up away from the normal ranging btc price of 500-1500 prior to 2017, and a sturdy foundation to cushion btc's fall made evident by the amount of times price has touched this level.
Other Catalysts to watch out for but not mentioned are, Tether (if rumors are true and tether is indeed printing money without sufficient funds before the market has an alternative), and Stock Market Instability. It is no secret, the stock market will eventually crash again; when? its anyone guess. But even instability in this market could attract new investors as a hedge against these tradition investment institutions.
Above I have laid out a comparison between BTC & The DOTCOM Bubble. I felt it was only right to compare a bubble of this magnitude to another bubble of similar global attention and similar influence. I did not feel a comparison to one of btc's previous bubbles could map out the uncharted territory we currently find ourselves journeying through. Although on different timelines, it is evident, crypto with the help of the social media boom, is moving exponentially faster. Thus, what took the DOTCOM bubble years to recover from, I believe Bitcoin & Crypto can recover from in under a year.
With that said, there just isnt much upcoming news for btc in particular, thus i have noted the dates of the upcoming G20 meetings on my chart as possible catalysts for price movements. I feel now after garnering global attention, btc will have to endure many hurdles before we can amount the confidence to continue our next bull run. Many of these hurdles will regard regulation and how many of these countries financial leaders choose to approach crypto. If these meetings lean in favor of interest for crypto, and lack hostility, I can see this having a positive effect on bitcoins price. However, any regulation placed without the utmost care could hurt btc's growth and scare away possible new investors.
For those of you who bought too soon and still have money to invest, I would suggest placing very low buy orders @ 3kish & under to try to dollar cost average out your portfolio a bit more. That way when btc does start to make a run, you will not have to wait for btc to pass your original buy in price to start making money again. #HODL
But why 3k? The floor in my opinion is 3k. it is our first real run up away from the normal ranging btc price of 500-1500 prior to 2017, and a sturdy foundation to cushion btc's fall made evident by the amount of times price has touched this level.
Other Catalysts to watch out for but not mentioned are, Tether (if rumors are true and tether is indeed printing money without sufficient funds before the market has an alternative), and Stock Market Instability. It is no secret, the stock market will eventually crash again; when? its anyone guess. But even instability in this market could attract new investors as a hedge against these tradition investment institutions.