Historic Bitcoin Trend Data - We've been here before people! STEEMIANS & TRADERS PLEASE READ!
Historic Bitcoin Trend Data - We've been here before...
I was simply posting a comment to a buddy of mine who is a very respected point of authority in the circles that I regularly frequent on the internet and IRL. His name is @haejin, and although he has a very loyal following, he also has a following of negative people as well. I'm not sure where the negativity comes from, as far as I'm concerned I don't look at anyone's projections on what's going to happen, I solely trust my own knowledge, instincts and experience when it comes to trading with my own money. I guess if you didn't have experience trading and you took the advice of someone and the advice didn't pan out the way you wanted it to, I guess I could see someone getting upset with him for that, but for just the basic knowledge that he has added to the Zeitgeist of the crypto mindset of the world! For example, Elliott wave theory and his breakdown of the Fibonacci ladders and other valuation tools provided by most trading platforms, that knowledge he has given the world freely, without expectation of return or respect is not only priceless to me, I have to give him homage where I can because I wouldn't be nearly as good of a Trader as I am if it weren't for the things I have learned from him! With that said, I wanted to post a comment that I posted on his page because after I got started I realized there was a lot of good information in there that I would like to share on a Blog. The following few paragraphs are from a comment I posted on his page recently and the information within the following comment I left correlates to the picture posted with this blog:
I tell you what @haejin, I don't know if you have been looking at the historic charts for like the last 5 or 6 years on Bitcoin but I have been saying this for months now and it's finally starting to make sense to people because the historic trends show what will happen and what is happening to Bitcoin, any crypto or for that matter any stock, we can look at the historic trends of what happened on this day in this week in the last year to 6 years to get an idea of what's going to happen with Bitcoin just on a macro scale, not including micro economic trends causing this or that shift to happen. Yes there are a lot of laws and negative attention being garnered for Bitcoin right now, but no worse negativity then the most infamous drug site in the world known for human trafficking, copious amounts of any drug available to even children, Etc transacting solely in Bitcoin... The Silk Road brought far more negative attention than anything the media could publicize today and guess what, Bitcoin survived through it all and it will continue to survive!
What I'm getting at though is people are obsessing and getting upset with you because they are either losing money or whatever and they are taking their anger out on you, when in reality every year around January 15th the market for whatever reason, whether it be people realizing their gains from Q4 of the previous year, the Chinese New Year, for all we know it could be aetheric energy pulsing from the center of the universe on a 365-day clock that is affecting our markets... As outlandish as that seems, it is just as outlandish to assume that not only will someone be able to make a call on the possible projected price of Bitcoin, but equally that it will defy the yearly historic trends that are being established. I know we can't rely solely on the data from the last six February's showing a pullback in every February in Bitcoins history, but we can definitely use that data as a valuation tool to assume what will happen this February and next February.. You know what I mean?
What I'm getting at is basically this, every year around January 15th, the markets pull back and liquidity either moves or dissolves temporarily until around April 15th to the beginning of May... At the start of the second month in Q2, things get wild until about the end of June, usually within the 80% margin of the highest high from the previous year Q4... What I've noticed is if the high price achieved in June @ the end of Q2 hits the 80% threshold high of the previous year's Q4 high price, typically the UPCOMING Q4 - starting in mid-october and running all the way until the end of December, sometimes until the 15th of January - will not only achieve the highs of the previous year, they will typically follow the Fibonacci ladder, in my experience minimally at the 161% marker, but remember this comment man! If we see $16,000 to $18,000 Bitcoin in June of this year, I would bet my entire year's salary that we will see $51,500 to $54,000 bitcoin before 2018 is out...! Mark my words brother!
By the way you are more than welcome to use any of my data from my comments or the blogs on my page in your videos or your articles. I would be more than happy to supply you with data and my experiences anytime as you have provided me priceless information teaching me how to day trade... I have a lot of respect for you @haejin and I am totally at your disposal brother. Rock on!
By the way, sorry for the long comment, kind of got carried away but I really want people to know about the historic trends of the last 6 years so that at least on steemit, we can all have consensus of what's going to happen moving forward... BY THE WAY STEEMIANS!!! for anyone reading this, we really need to pull together and all invest AT LEAST A PORTION of our day trading positions in to Steem or SBD... Especially during pullbacks like this. We want to show the strength of our Market so that when things are good, analysts and the media alike can look back on Steaem and say, "well they did good all year long, they were unaffected by the pullback!"
RAWR STEEMIT FTW!!! <3 Cryptozzz!! AND I REALLY LOVE STEEMIT! I'm finally home!
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nice post on Haejin's page. I like the way you think. To the moon, my friend. Just gave you a follow.
Thank you very much man! I try to be as logical as possible, all about those data points haha. really appreciate really appreciate you subscribing dude I'm going to continue to produce as much thought provoking good content as I can so definitely check in :-)
Thanks nice post... good to know !
No problem at all and thank you!
Interesting and good information :)
You're right looks very similar ... could be that there is a cycle ... I follow you now for more like this :)
Thanks a bunch! It really does look similar, maybe everything I'm seeing is just coincidence, it definitely doesn't seem that way though! Especially considering a lot of the charts from 2012 all the way until now all look about the same if you're looking at the whole year a once. But thanks for the follow I'll definitely try to keep posting stuff worth reading :-)!
I'm gonna cry man! it have to go up
I'm not gonna sell, I believe in Bitcoin!
Thanks for sharing man, I can't wait for your next post.
Thank you so much! That's such a great compliment :-) I'll definitely keep posting as much as I can to keep you guys informed and keep hope alive! Money, just like stocks / cryptocurrencies etc., these are all institutions of faith and it will be faith that steadies your hand as we get through this pull-back. You would be preaching to the choir if you told me that Bitcoin wasn't just as much an emotional investment of yourself as much as it is a financial investment, but I can't repeat that enough for people. As you watch your money float up and down and sideways across the board the emotional elements of it all can sometimes be too much for some people to take. It's not like a video game, the coins have deeply real value, and it's not like betting on a hand of Poker because the steaks aren't nearly as high in my opinion because a bet on bitcoin is a win no matter what, you just have to wait it out... But for the inexperienced or even the experienced but for those who are new to trading Bitcoin, if you don't give it enough time, or even if you got sucked into the hype of making fast money and when you don't make the money fast enough you get upset - the emotional side of trading this stuff sets in and you will lose sleep, you will lose weight, you will lose your mind if you let it get to you but I want to keep posting these blogs and reiterating myself as much as possible to Quail the dismay because even though I might not have the most money in the world and I might not be the most experienced guy in the world at doing this, I can at least help with the emotional side of what we are all embarking on by investing into cryptos. It's fun, it has the potential to change your life and so many positive ways, we just have to ignore the media just like we do in every other facet of Our Lives, Keep On Keepin On! I'm really happy you're reading my blog and I'll keep posting as much as possible to stay connected with you guys :-), thank you for the comment!!
It is very inoprmative for steeming...
thanks for sharing
Hey no problem at all! I'm just happy that you enjoyed reading my post :-) one of these days when I get my laptop working right again and I can actually sit down to the computer and write out my thoughts in a more organized linear fashion my blog should get a lot more interesting. So please stay tuned and I appreciate you reading. But you're right, it is absolutely imperative for steeming. We just need to stay on task and I highly recommend investing whatever extra positions you have in day trading back into steem so we can show the world come May and June that we were unaffected by these pullbacks, we are our own ecosystem and we are strong! Rock on!! STEEM FTW!
Coins mentioned in post:
Keep these posts coming !
Heck yes! Working on something really cool for tomorrow, hopefully I'll get it finished, check back in with me just to make sure, it's going to be worth reading :-)
I hope you don't mind that I shared and follow you. I really like your perspective and think more people should see it.
My Post: Can be read here
Dude not at all! In fact it this is the most flattering comment I've ever gotten on steemit! Thank you so much for sharing my blog with your friends and writing that post! I was thrilled to read that and it makes me feel so good that you value what I'm writing! I just can't thank you enough :-), you saying and doing that means more to me than I can express, Rock on! And thanks again! Check back often, I'm constantly biting something new and I try to make it interesting! It's going to take me a couple hours to write the blog I'm about to tell you about, but it should be very entertaining and informative. I've been working on this blog for a couple hours now already and I probably won't be finished until tomorrow if I put a couple more hours into it but it's going to be pretty much an expose piece on the Silk Road and my experiences with it before the website was shut down. Yes I know it was a horrible website and they did horrible things but I would not be involved in Bitcoin if it were not for the Silk Road so I I'm at least thankful for that website for getting me into Bitcoin even though it did so much other bad things too many people. But if that interests you definitely check back! I should have it up tomorrow sometime :-), Thanks again for reading and staying tuned!