This is just an interesting comparison, something like this would absolutely wipe out everyone, and reset things, as far as sentiment goes, whilst giving a great opportunity to long term buyers to accumulate $BTC at really low levels, if things came to pass like they did for $AMZN back in the 2000 top. In this theoretical scenario, price would go sideways during 1 year, to then crash in a slow bleed, falling to levels only seen at the start of the rally coming out of the 2015 lows...
As a result of this, and regulations, and the disappearance of all the wild leverage traders, and exchanges, maybe volatility settles down, and $BTC starts acting like a tech stock, eventually reaching prices over $1,000,000 in the next 10-15 years. Something like this would give us a great opportunity, both on the short side, and then on the long side, if things do come to pass in this manner, and would definitely frustrate a lot of people who bought into $BTC, and believes in the HODL religion. These beliefs will likely change or disappear, by the time it bottoms.
Cheers,
Ivan Labrie.
PS: My forecast is still for a sideways 2018, and possible sideways 2019, but we could indeed get a bear market too, the rules of Time At Mode imply the long term bull market ended, and we will wither go sideways, or crash back to $442, or close to it. It seems wild now, but it is entirely possible still. Better be open to anything happening, and not biased and blinded by our greed. Shout out to Tim West, who mentioned this overlay, as something worth looking into.
As a result of this, and regulations, and the disappearance of all the wild leverage traders, and exchanges, maybe volatility settles down, and $BTC starts acting like a tech stock, eventually reaching prices over $1,000,000 in the next 10-15 years. Something like this would give us a great opportunity, both on the short side, and then on the long side, if things do come to pass in this manner, and would definitely frustrate a lot of people who bought into $BTC, and believes in the HODL religion. These beliefs will likely change or disappear, by the time it bottoms.
Cheers,
Ivan Labrie.
PS: My forecast is still for a sideways 2018, and possible sideways 2019, but we could indeed get a bear market too, the rules of Time At Mode imply the long term bull market ended, and we will wither go sideways, or crash back to $442, or close to it. It seems wild now, but it is entirely possible still. Better be open to anything happening, and not biased and blinded by our greed. Shout out to Tim West, who mentioned this overlay, as something worth looking into.
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Interesting that how the timing for sideways action ending and a vertical trend starting was correct, Sep 2020 from this chart, I expected the sideways period to end by 2020 overall.
