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RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)

in #bitcoin6 years ago

Hello appreciated @majes.tytyty
Allow me to congratulate you for this excellent work.

What makes us an expert about something?
For me, it is the attention to detail. When you have the ability to appreciate those big-little things that others can not even see, then you are an expert.

I think that only experts would be able to give a reliable forecast about the behavior of Bitcoin. The reasons that make this market so unstable.

There are no eternal burbujas. A bubble is a delicate balance of forces. A minimum fluctuation would break that surface tension that sustains its integrity.

I recently read an article that talked about the "halving" of Bitcoin.

In a brilliant analysis @goldeninvestor explains how to reduce to half
the amount of Bitcoin reward to miners. Exactly every 4 years this phenomenon occurs.

It is not a coincidence that the important fluctuations that we know of the value of Bitcoin are related to the halving.

I am not an expert in this matter, I do not pretend to be one either. But I do think that this should be an indicator to consider in order to make our own forecasts.

Yours, Juan.

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Of course, as you imply, there are many factors that influence the fluctuations in price. The regular halving is just one factor.

Moreover, there are both technical and fundamental factors to take into account. Anyone who looks at it from only one perspective will end up with an incomplete or distorted view.

Totally agree.
These factors can be of external or internal origin.
There are so many indicators that we should consider.

For example, our friend @crypto.piotr made reference to media advertising. Maybe it is not far from reality.

International politics can also influence. When the winds of war are blowing, markets always vary.

It would be necessary to investigate in which countries the highest bitcoin holding rate exists. Socio-political movements could affect its value.

A massive sale in a short period of time would affect even the strongest giant. It would be a change in the balance of power.

Well, I think I'm speculating a lot.
It is always a pleasure for me to exchange ideas with you.

Keep speculating ... but not with money!!

oh... no no no...!!! lol...

Thanks.