4 ms·
The similarities with the summer of 2018 market conditions are uncanny. Higher lows followed by a drop in June. Higher lows, then drop in November. Business as
by apienx 4y ago
The similarities with the summer of 2018 market conditions are uncanny. Higher lows followed by a drop in June. Higher lows, then drop in November. Business as usual really.
The speculators may want to consider the impact of the slowing rate of "money printing" price (it's-different-this-time(TM)). Once all the tourists are gone, you're still left with the first artefacts from trustless consensus tech that lets you exchange value. That's gotta be worth something...eventually.
- fsociety999 4y agoYeah. Bitcoin is on a four year cycle due to the supply cutting in half every four years. Look at 2014, 2018, and now 2022, they are all pretty similar. I think it may still drop a bit further before all is said and done. I am expecting the recovery to begin next year leading into the 2024 halving, but we will see.