ivomm
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December 16, 2018, 12:36:31 PM

I really don't understand why everyone is so bothered by the decline and theoretical losses at the moment. Yes, it is not pleasant for the hodlers, but I don't agree that we will never recover or it will take decades. Let's recall year 2017, how it started. In early January we were close to a new ATH. Then suddenly the bank of China threatened to ban bitcoin exchanges on multiple occasions. The price fell from 1100 to 700 in hours and didn't recover for 2 months. Back then over 90% of all trades were made in China exchanges. Everyone was scared what will happen (including myself). Next we got denial for ETF. Next Bitfinex stopped withdrawals if fiat and suspicions of bancruptcy was in the air. Next Ver wanted a fork (BU). Next we had a fork in August. Next, we had the final ban in China. Next another fork in November was cancelled. Next Ver and Wu sold massively bitcoins to pump bcash. In all these bad news we were about 8K! The only good news CBOE and CME futures helped to reach 20K. So, you are telling me that in 3 years we can't reach again 8K? It is not realistic even if ETF is denied for ever and CW is dumping regularly his stolen bitcoins! Bitcoin market is way more agile and fast forward 10x any other asset. The most logical thing is in Dec. 2020 (after the halvening) to be above 10K.