BREAK DOWN OF PATTERNS REPEATING... EERILY SIMILAR!!!
Updated
so I like to let the chart talk, its fairl self explanatory and based PURELY ON THE FIRST 2 HALVENINGS WE WITNESSED AS OUTLINED IN THE CHART. I ONLY DID THE SECOND BECAUSE THE FIRST IS IDENTICAL IN PERCENTAGE, YOU CAN PULL UP A FULL TIME LINE CHART AND CHECK IF YOU ARE NOT ALLREADY AWARE. I believe we have entered the post bear winter run out pre halving "flatline period" what me and my mining friends call the calm before the storm... as mining operations start to close rapidly and more mining goes back into the hands of smaller and or larger fish the coin dumping structure changes dramatically and the competition for blocks becomes fierce. this causes a supply choke leading to speculative bids to rise and so the story goes... as a bitcoin made investor who has learned accidently by falling in with the right miners in 2010 we were coder kids in dorms, we knew not what we were starting at all! i do not exaggerate about the tens of thousands of BTC mined and how we would joke about if it hit 20 bucks how rich we would all be, nor do I forget how regretful most were for dumping as much as 35% of our bags back in the 3 - 1200$ range! now mind you, we started with a hope and a prayer that maybe it would be worth a few dollars, MAYBE FIVE so all the millions and millions are just cake and I will never regret selling at 1200 as it was a good decision, it just as easily could have been made illegal and the market could have completely shit itself as friends of mine, coders and dorks who had never dreamed of crime were going to jail for selling btc blocks to mt. gox and crooked slangers of BTC unknowingly committing accessory crimes and we were all terrified we were next to go to prison so cashing out what we could (enough to retire!) and retreating to safety was the correct play, that being said I would urge PATIENCE AND PATIENCE! BITCOIN IS NOT GOING AWAY AND WE ARE NOT GOING TO PRISON ANYMORE, THANK GOD!
!!!!NOW HERE IS WHERE THINGS CHANGE AS OF THIS YEARS CYCLE!!!!!!!
IN 2016-17 FOR THE MOST PART YOU HAD TO BUY BTC TO PURCHASE ANY OTHER ALT CURRENCY!! if you were not trading before 2017 you may not remember but you could buy BTC, ETH and LTC on Coinbase and you could really use BTC to buy ANY OTHER ALT, PERIOD! SO PEOPLE UNLIKE ME AND MY FRIENDS TO BUY ANY CURRENCY OUTSIDE THE "BIG 3 OR 5" HAD TO FIRST BUY AND MOVE BITCOIN JUST TO ACCESS THE ALTCOIN OF THEIR CHOOSING.... now most altcoins offer USD pairs on many exchanges and this SHOULD HAVE SOME EFFECT ON BITCOIN DOMINANCE BUT SURPRISINGLY ENOUGH, I BELIEVE THAT THE BIG WALLSTREET AND BANKER FUNDS ARE KEEPING BTC DOMINANT BECUASE SIMPLY PUT IT IS THE OLDEST AND BIGGEST NAME ASSOCIATED WITH CRYPTO. I LOVE BITCOIN BUT THERE IS NOT MUCH ABOUT IT THAT MAKES IT FAR SUPERIOR TO SOME OTHER STRONG ALTS THAT HAVE IMPROVED UPON THE CONCEPT OF BITCOIN IN MANY WAYS... that being said, Cryptis still new, people like what they know will work and we know BITCOIN GETS A MA'f____R PAID! OR I SURE DO! we went from flop houses to penthouses and that shits real.... i never dreamed of the explosion of wealth and all the doors said wealth opens... when you come from nothing you have no idea how poorly you are treated until you join the 1% and see how they live and look back like holy S___T! people live like this and we used to go hungry! I am so grateful to have been poor because although I prefer wealth I know I can live without it and I appreciate every dollar in savings I have, every satoshi in my wallets be they hot or be they cold, every life long friendship I have made developing crypto currencies and then mining rigs far superiour to the once awesome "TRADEMARKED XBOXS ON ICE" METHOD WE USED TO BET OUR _ _ _, _ _ _ BTC because in those days with a few mega hashes you could see a 50 block of BTC every 30 minutes there were so few people mining it for either fear of the governments cracking down on illegal currencies which we were sure they would or just plain denial of its existance and or possibility of growth(many like me assumed for sometime that the governments boot was always one successful price jump away until we finally escaped their reach...
the landscap has changed, people dont fear prison now and we trade openly with bankers and brokers, new BIG MONEY is coming in that doesnt belong to the cartels or 5 families and the influx of this real wealth when it really flows is GOING TO KNOCK THE FUCKING SOCKS OFF ALL INVESTORS WHO LIKE I ONCE BELIEVED, THIS THING CANT JUST GO UP AND UP AND UP! and it cant, it goes up and down just like any asset, the kicker is its unique new spin on money and its limited supply, hence my review of halving price movements. for those doubting, we ARE RIGHT ON SCHEDULE! the price is not suppossed to bull run at all for another 7 months!!!!! we had a 400% run EARLY!!!! this is good! it means that if we stick to that trend the following true bull run could be incredible lending some hints of truth to the brilliant and nutty John McAfee... a good friend of mine who is exceptionally brilliant despite the drugs we all do and the insanity we spew from time to time....
for fear of theft, government danger and or a mix of all of the above I have stayed quite about my experience from baby bitcoin to today but i have paid my taxes and am a contributing, job producing member of society with board seats on large companies that help this whole block chain spin! i can talk about the power we stole (and later paid back with a 50,000$ bitcoin donation to the dorm building we stole from ;) i am right with the world and excited to have a community of like minded people that want to invest with goals and with a plan in mind so let me set your mind at ease... the best is yet to come! buy and hodl all the bitcoin you can! I mined a ton and bought a but ton more from bailers who got scared when people went to jail! I am in this for the long and my long prediction is that a satoshi will be worth a dime or 2 in the end... thats a f___ ton of moneys! lol, best of luck guys, I am an expert in the field of cryptography and crypto currency mining but am not an investment coach or professional. just a miner with a few coins and a few bigger dream targets yet to be triggered ;P stay up and #tradehardinthepeaks! love you guys, even the A-Holes!
!!!!NOW HERE IS WHERE THINGS CHANGE AS OF THIS YEARS CYCLE!!!!!!!
IN 2016-17 FOR THE MOST PART YOU HAD TO BUY BTC TO PURCHASE ANY OTHER ALT CURRENCY!! if you were not trading before 2017 you may not remember but you could buy BTC, ETH and LTC on Coinbase and you could really use BTC to buy ANY OTHER ALT, PERIOD! SO PEOPLE UNLIKE ME AND MY FRIENDS TO BUY ANY CURRENCY OUTSIDE THE "BIG 3 OR 5" HAD TO FIRST BUY AND MOVE BITCOIN JUST TO ACCESS THE ALTCOIN OF THEIR CHOOSING.... now most altcoins offer USD pairs on many exchanges and this SHOULD HAVE SOME EFFECT ON BITCOIN DOMINANCE BUT SURPRISINGLY ENOUGH, I BELIEVE THAT THE BIG WALLSTREET AND BANKER FUNDS ARE KEEPING BTC DOMINANT BECUASE SIMPLY PUT IT IS THE OLDEST AND BIGGEST NAME ASSOCIATED WITH CRYPTO. I LOVE BITCOIN BUT THERE IS NOT MUCH ABOUT IT THAT MAKES IT FAR SUPERIOR TO SOME OTHER STRONG ALTS THAT HAVE IMPROVED UPON THE CONCEPT OF BITCOIN IN MANY WAYS... that being said, Cryptis still new, people like what they know will work and we know BITCOIN GETS A MA'f____R PAID! OR I SURE DO! we went from flop houses to penthouses and that shits real.... i never dreamed of the explosion of wealth and all the doors said wealth opens... when you come from nothing you have no idea how poorly you are treated until you join the 1% and see how they live and look back like holy S___T! people live like this and we used to go hungry! I am so grateful to have been poor because although I prefer wealth I know I can live without it and I appreciate every dollar in savings I have, every satoshi in my wallets be they hot or be they cold, every life long friendship I have made developing crypto currencies and then mining rigs far superiour to the once awesome "TRADEMARKED XBOXS ON ICE" METHOD WE USED TO BET OUR _ _ _, _ _ _ BTC because in those days with a few mega hashes you could see a 50 block of BTC every 30 minutes there were so few people mining it for either fear of the governments cracking down on illegal currencies which we were sure they would or just plain denial of its existance and or possibility of growth(many like me assumed for sometime that the governments boot was always one successful price jump away until we finally escaped their reach...
the landscap has changed, people dont fear prison now and we trade openly with bankers and brokers, new BIG MONEY is coming in that doesnt belong to the cartels or 5 families and the influx of this real wealth when it really flows is GOING TO KNOCK THE FUCKING SOCKS OFF ALL INVESTORS WHO LIKE I ONCE BELIEVED, THIS THING CANT JUST GO UP AND UP AND UP! and it cant, it goes up and down just like any asset, the kicker is its unique new spin on money and its limited supply, hence my review of halving price movements. for those doubting, we ARE RIGHT ON SCHEDULE! the price is not suppossed to bull run at all for another 7 months!!!!! we had a 400% run EARLY!!!! this is good! it means that if we stick to that trend the following true bull run could be incredible lending some hints of truth to the brilliant and nutty John McAfee... a good friend of mine who is exceptionally brilliant despite the drugs we all do and the insanity we spew from time to time....
for fear of theft, government danger and or a mix of all of the above I have stayed quite about my experience from baby bitcoin to today but i have paid my taxes and am a contributing, job producing member of society with board seats on large companies that help this whole block chain spin! i can talk about the power we stole (and later paid back with a 50,000$ bitcoin donation to the dorm building we stole from ;) i am right with the world and excited to have a community of like minded people that want to invest with goals and with a plan in mind so let me set your mind at ease... the best is yet to come! buy and hodl all the bitcoin you can! I mined a ton and bought a but ton more from bailers who got scared when people went to jail! I am in this for the long and my long prediction is that a satoshi will be worth a dime or 2 in the end... thats a f___ ton of moneys! lol, best of luck guys, I am an expert in the field of cryptography and crypto currency mining but am not an investment coach or professional. just a miner with a few coins and a few bigger dream targets yet to be triggered ;P stay up and #tradehardinthepeaks! love you guys, even the A-Holes!
Note
the end of this bullrun should land us around a 1/4 million with a following bottom of 20-25,000 dollars after the bear winter comes crashing back home... this is pure historical experience and speculation! do not take my opinion and experience for fact or that I believe I cannot be wrong because as I often say! I NEVER THOUGHT BTC WOULD CRACK 5 DOLLARS! then it did... so stay sleazy my dude$!
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