THIS SON OF A BITCH

Personal theory here.
Bitcoin isn't over. The bubble isn't gone to never return. Just think for a moment. Why did it pump in 2017? Wasn't because everyone actually wanted it. It was because they wanted to get rich. We all know this.
They looked and said, well it went from $10 to $100 and from $100 to $1,000 and a bunch of people got rich without me. So I want to get rich this time. Thus, we have the 2017 bullrun to $20,000.
Price is now at $6k and that's looking like a stable bottom (for now). So naturally what are people thinking? A whole lot of people got rich in the last bubble. I want to get rich this time. I will buy, with the expectation that the price will top out at 10x ($60k) or more realistically $50k as it is psychological. Though we said that about $10k too and it went to $20k anyway.
Point here being that there really is no limit to this. I'd like to say it wouldn't reasonably go above $100k, but there was a time when I thought $10k was the absolute tippy top to top all tops.
I'm just /increasinglynervous/ about it not moving and wonder if it's going to 3 year bear us or even worse, this is equilibrium and we're stuck forever.

Too many people got burned in the 2017 run. The dream of making it with crypto is over; it's been widely labeled as a scam and a ponzi and no one will fall for it twice. BTC will never reach 20k ever again while real-use-case cryptos are developed privately.

>rising wedge with decreasing volume

sub 6k here we come.

People aren't that smart. They'll buy it again. They still do.

YES

>5 FUCKING CAPTCHAS

you're right, look up EMcash and Corda R3

its literally institutional crypto

people get burned all the time gambling deosnt stop them from losing their life savings to the casinos. humans are degenerates and always greed when they see the opportunity

I refuse to believe that I can get as lucky as I did last year again within the next 5 years, that's way too soon. Imagine buying a winning lottery ticket with a small fraction of lottery money you just won, there's just no way.

It's impossible.

here's what happens for all you 16 year old idiot fucks who thought you would get rich overnight in january and still think you'll get rich in the same fucking year:

>btc halving
>economics 101
>btc price increases
>bubble pops
>price stagnates until next btc halving

reality is reality whether you like it or not. you're going to be sitting here posting the same bullshit lines every day while it sits between 6-8k for at least another 2 years BECAUSE THERE'S NO ECONOMIC REASON OR INCENTIVE FOR THE PRICE TO GO UP LIKE IT DOES WHEN BTC HALVES.

see you faggots in 2020

>can you hold it user??

Attached: tight wedge.jpg (1078x1500, 212K)

Attached: 2k17.jpg (1012x763, 84K)

Yeah I know, Amazon is developing their own private chains for infrastructure, aws, and AI for their robots. R3 is one of their partners for some sections of that.

aws.amazon.com/partners/blockchain/

Blockchain is the future, but not a single shitcoin held by the average joe will be there.

>between 6-8k

You mean between 3-5k right?

no i mean the same numbers it has bounced between on a regular basis for the majority of this year. again - there's no reason or cause for btc to significantly increase or decrease until the next halving, so it will just stagnate as it always does

I understand this completely user. It's what I'm getting at when I say I'm afraid this is equilibrium. It means I need to wait longer to see another run. Prices move towards equilibrium until that point changes. S & D are not changing, so price isn't changing around that $6k point.

>just do something after going down 75% in a few months
>with weekly swings around 20 pct from there

kek, imagine being this deluded.

>see you faggots in 2020
God I hope you're right, this mean I might actually make it as I'm graduating next year and will be able to accumulate a decent amount.

during the last bull services couldn't even keep up with registrations there is still room to grow
when lightning network has multipathway and watchtower it will fill the niche of peer to peer currency
a wallet provider will need to develop something that maintains the backend of lightning to make it user friendly while still giving users full control
service providers will do different things that mature the space
I believe rootstock is trying to be the 1st regulated ICO market which crushes the ponzisscam.me tokens but might legitimize things
I think we'll bull back to 10k+ by next summer but won't really take off until 2nd layers are integrated and easy to use