RE: In which phase of the chart do you think the price of Bitcoin is?
I think we are between fear and capitulation. I think we are trailing behind bitcoin in terms of where they were mid-end of Nov. We are now.. or just behind them. However I am not an expert in these matters. I was looking at the chart, I also read what your thoughts were. This was how I came to my own conclusion. :D
I personally feel confident we will be fine. So I am not experiencing fear. But I do understand the people who are and why they feel it. <3
#snappluscomment
(open to engage)
ps my VP is low and I am sorry I can not give more. Know that when it is charged I will support you much better than this in the future. Sorry about that @cryptospa :)
Oh I have one last question pertaining to the trend in the 1st chart. I can see this is exactly what we have just witnessed. So my question is.. does this repeat itself in a constant circle? Or what is beyond the "return to the mean"... in terms of past trends in the markets?
I understand this is not advice. I just was curious what your thoughts were on it. Thanks!
@kawaiicrush, thank you for commenting!
In my view, yeah, the «Fear» started 2 weeks ago, in the second half of November. So, the crypto has just entered the «Capitulation» stage... I don't know where the bottom will be. But, I am going to buy 1 or 2 bitcoins if the price approaches $1000. I am interested in cryptos such as BTC, LTC, BCH, BSV, etc. could be DASH as well. As I said earlier, I don't trust too much tokens, based on PoS. PoS is still inferior to PoW.
p.s. Don't think about the VP. :) Even a slightest upvote means that you are a person ready to share your rewards with others. My activity on Steem blockchain is not because of money. If it was solely because of a monetary aspect I would have never powered up in a bear market. Also I don't trust tokens that are PoS. So, I am not on Steem because of money.
Ah yes this makes so much sense. Thank you @cryptospa <3