It's normal that it takes time for BTC to move, people don't want to sell yet.
So the price won't go down right away (has been a while thought, it can't be that much longer)? But it's not going up because the non herd public is already in the herd that isn't already holding & about to go bankrupt is never going to want to buy something that is falling and "big money" will only short it lol.
These are the reasons why it has to take time:
* People are still used to Bitcoin "normal" price beeing 9000$. They need time to view 6000-7000$ as Bitcoin new "normal" price, when they see it not go up they'll eventually sell.
* Saw some reddit posts on Bitcoin from 6-7 years ago. Less than 1% people heard about it probably. The herd is making fun of Bitcoin and saying it won't ever do anything. I checked these idiots profiles. They're bashing Bitcoin in 2013 too. Then radio silence in 2017. Haven't checked all probably some are calling for 1 million.
Believe me, the idiots that said Bitcoin was going to 0 in 2011-2016 are now holding it dearest than their own lives.
Yep, great jobs lads, once the public jumps in and we complete the 3rd wave up/bubble, that's when you join and hold. Great job.
History always repeat itself. And when the 3rd wave (5 EW) is complete and the public joins that's the top, that's when you get the huge correction.
Has been like this for all of mankind history so... pretty small chance "this time it's different".
But seriously, how stupid do you have to be when you're lucky enough to see a new thing that no one knows about and the very few people that know about it are willing to accept using it AND you don't invest???!!! If merchants were accepting BTC in 2011 and it reached 30$ when less of 1% of the population heard about it HOW can you think it won't go up when 100% hear about it?
It's like you make statistics to see what president will be elected Bush gets 55% then you're saying "ok once the elections start though, Bush will get 0% no one will vote for him".
We can't be in accumulation phase. It has never looked like this in the history of mankind. The odds are so bad.
Also, you could just look at what dumb people with absolutely garbage argument and that are always wrong are saying: they say something goes up, it will go down. They say something is doomed, it's probably going to increase 100 fold.
Btw, do alot of people know about the cannabis stocks?