Anon136
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March 11, 2018, 06:36:24 AM

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.


Only if I notice that my Twitter feed has run dry and no one is posting here anymore. If there is still a somewhat active community, BTC is not truly dead. Even if the price is terribly low.

Don't forget https://trends.google.com/trends/explore?q=bitcoin very useful tool as well.


Still not seeing a capitulation candle.

When was the US stock market capitulation candle during the 1929-1932 Depression?
The correct answer is NEVER.
Those who sold at the bottom of Black Tuesday in 1929 actually got a very decent price.

It's more useful as a positive indicator than a negative one. When you see one the price is almost certainly about to reverse, how ever the absence of one doesn't mean it isn't going to reverse. Looking back at the history of bitcoin we see them ~50% of the time.