BITCOIN - The BIG Drop Revisited - History Repeats Itself?
BITCOIN - The BIG Drop Revisited- History Repeats Itself?
Nowhere to hide. Bad Day for most Crypto-Currencies, down 25% or more!
This is not the first time Bitcoin dropped in January, I find out after the fact.
.
Seems there is a pattern here.
Check this out, I did some research and did some basic number crunching. There has been a sharp drop every January - 4 of the last 4 years!
There is also a rebound pattern. There has been a sharp rebound for 3 of the last 4 years. Check it out. Do you see a pattern too?
And there is another pattern. Each year Bitcoin is worth more than it was the year before.
.
you read it
https://steemit.com/bitcoin/@maykocan/6hyagp-why-is-bitcoin-are-being-asked-to-create-the-wrong-perception
Thanks for the comment @maykocan though your comment and your link seems more self-serving than adding to or commenting on the post above.
Seems the best option is to buy now!
hi @dianadee, that's my take on it too. Looking at previous drops we are probably at, near or already past the bottom and the next move will be upwards again.
And thanks for your comments, always appreciated!
Gosh that will be refreshing when the upward trend starts to accelerate!
You're so nice for commenting on this post. For that, I gave you a vote!
Great
thanks for the comment @queqtra - comments are always welcome and rewarded here.
Nice!! You know what they say about Linux patch updates: "For every error there is a pair of eyeballs to catch it" Hundreds of thousands of developers posting patches to Linus Torvalds to introduce them into a new versions of Linux kernel. In compare to few hundreds of Microsoft stuff its obvious that almost every error is catch. So Linux is much more secure then Windows and thanks to Linux millions of servers on internet serve us reliably. This is a power of community. And Linux is everywhere in android phones, super computers, internet servers (apache), cars, military equipment, smart fridges, robot vacuum cleaners, .... It is most used op. sys. kernel in the world. Did you know that?
Also the same is here on Steemit. A lot of eyeballs catch different patterns and you is one of them by finding this Bitcoin pattern in January. Thank you to help Steemit community to expose your findings.
p.s. I also using Linux Kubuntu desktop computer to write this lines to you! and thanks to open source software we can communicate on this beautiful Steem blockchain driven platform! And thanks to @dan to create it.
FFHS( **** Facebook Hooray to Steemit)
hi @tombort, thanks for the upvote and the comment. comments and upvotes are always appreciated here. Favor to ask - pleas edit out, revise or delete the last line of your post , thanks
Sorry Some times I use some to strong words No prob mate!
Thanks @tombort
You are welcome!
This post has received a 82.35 % upvote from @moneymatchgaming thanks to: @watertoncafe. Upvote this Post to Support the MMG Community on Steemit! :)
You got a 65.00% upvote from @yourwhale courtesy of @watertoncafe!
You got a 1.04% upvote from @postpromoter courtesy of @watertoncafe! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
I have a chunk of cash waiting on the sidelines ready to buy once I think the bloodbath is over. If you look historically Feb & Mar are good, April is also bad is memory serves me correctly. Again that may or may not hold true, but the cycle of pump it up to create FOL and then dump to get a bunch of scared money out and profiting by rebuying at the bottom has to have both ups and downs to work. The cycles seem to keep holding up.
I'm looking to double all holdings in the next 5-7 days. At that point I think we will be at the bottom.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by watertoncafe from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.