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RE: How long will it take for Bitcoin to reach $20,000 again?
It is funny how one correctly ignores historical trends only for history to repeat itself.
It is funny how one correctly ignores historical trends only for history to repeat itself.
All of life follows cycles so why shouldn't investments? The only proviso is that Bitcoin itself could be considered unnatural (not by me), and even if it was the investment psychology, especially of all these newbies, should follow a cyclical pattern comparable to the moon, breathing, and Mah Jong
Unfortunately human decisions are not as predictable as the movement of celestial bodies. Trends usually emerge but those trends also eventually break at some unpredictable point.
Bitcoin is an example of the trend of fiat currency monopoly breaking. Before Bitcoin, a decentralized currency was just an idea, a generally unrealistic idea.