BitCoin Does This Every Year

in #bitcoin7 years ago (edited)

Just a reminder from Uncle John about BitCoin

John "I'll Eat My Dick" McAfee is trying to keep everyone calm and in perspective. His latest tweet is something that everyone who has been watching BitCoin(BTC) should know.

OK ... You are a hard sell crowd. Then let me show you a different perspective. Bitcoin does this every year at this time:



Another view of the data

bitcoin_yearoveryear.png

Sure, there has been a ton of FUD in the last month. South Korean markets, China, credit card bans, BitCon nect, etc... But, a historical perspective, BitCoin seems to have a correction every winter.

As I have commented to some people, it seems like a natural course of things.
winterspringfall.png

Of course, I also need to remind people that back on November 30th, I made this prediction in response to @dragosroua.



Sooo, you can keep upvoting people giving predictions of bull returns during a bull market that won't be seen until fall of 2018. Or you can just give them to me. :D

Either way, let's just relax and let the market do its thing.


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Let the positive energy sing!

More Power to the Minnows!!


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Bitcoin = $6,200. Ethereum =$620. ripple= .62 cents...... the magic of 62

officialmcafee John McAfee tweeted @ 05 Feb 2018 - 19:03 UTC

OK ... You are a hard sell crowd. Then let me show you a different perspective. Bitcoin does this every year at thi… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

Or you can just give them to me. :D
Nooooooo!
give em to ME....me ..me...me..
my precious!

ME!

all mine...
mine I tell you.

Seriously, folks!
Don't throw your coins and upvotes away. Give them to needy crypto-enthusiasts like me or @everittdmickey

Yes you are absolutely right i think McAfee is sacred now . And check also this post it's also about McAfee new tweet.
https://steemit.com/cryptocurrency/@shoaib684/jhon-mcafee-post-which-semilar-to-my-14-day-s-old-post

I think you're a little high on your low value. I'm thinking 3 - 5k. I've had 3 more months to make that call though so maybe that's cheating.

I see people saying that it would drop to the cost of making one BitCoin, which is around $3,500.
Sure, it could do that.

Anybody's guess is as good as my gut call back in November. As good as my March 15th "start of turn around" prediction and my "harvest the profits in Summer and Fall" voodoo assumption.

Yeah, it's insane to think that it could go that low, but it's good to bring in new investors to the marketplace and people that feel like they missed the boat get a second chance.

Right now, it is at $6,800, so leaning towards your numbers, but it might go back up before "close" today and then keep steady. The DOW is down 1,000 points, so people are going to have to HODL somewhere.

They ain't puttin' it in gold!!

Everyone is probably just cashing out. I'm glad I cashed out my health plan as my wife is due for our baby girl in April and figured the market wouldn't keep going up until then. I made some good returns last year so I'll just wait for the market to get healthy again before reinvesting.

Well... early congrats!

You did great with your November predictions Dean. I Do not want to brag but i'm fine, just bored of hodl, so i spend some time trying to understand if we will have a breakthrough with Hashgraph, Matryx (MTX).

Thanks.

I would like to go back to the November days of quick turnaround ROIs myself, so I can build my tiny portfolio. I see there is already movement to the coins due to the DOW drop today, but all it will do is keep the crypto-bleeding at check.

I'm hoping my March 15th prediction comes true. It might be painful until then.

Bitcoin now at $6,200