RE: Bitcoin (BTC) Evening: When is the Best Time to Buy?
I see what you mean, but what ?
Several analysts, even at Coindesk, mentioned the possibility of a decline towards 11k days ago, but that was just one scenario - it's all psychology, and we have lots of amateurs in crypto now, plus we are watching a serious BCH manipulation by influential parties...
It's therefore important to rather have an optimistic overall outlook because psychology will manifest itself in the market like a self-fulfilling prophecy (this being the essence of all prophecy) as the manipulation initiated a crass correction phase that wasn't really necessary (some will say it was necessary but I don't believe so - human self-hypnosis).
Now haejin's take is that BTC will rise towards 23k soonish, and that the only thing unpredictable about that is the time frame - this must be well understood. Time and fluctuation and unexpected events, Elliot Waves cannot predict asteroids, so that can always ruin things for awhile but it doesn't change the underlying logic.
From a personal view I can say that so far, haejin has almost always been right, and when things didn't work out for me it was because I grew impatient. It's a vice I forgive myself...
I bet in this case even stoic hodlers are starting to get nervous - but it's all psychology, say "Omm" and if you're still in BTC, sell and buy again when it's even lower.
Discipline is everything, and from a galactic point of view... all is still fractals.
It will rise again, I've been shopping for opinions and even the depressive analysts are still looking for 20k+, it's just that nobody now knows when, much thanks to Roger F. Ver and the Dollar Vigilante.
Good point, good reasoning, but my question is does RVer have such a power to manipulate that market?
He's Mr Bitcoin for most people, still has lots of influence over the fans of the original coin. Google him, here's a tweet : "I'll do my best to use http://Bitcoin.com to educate the world about how Bitcoin Core is no longer the Bitcoin that was described on the original http://Bitcoin.org website or in the Satoshi White paper. #BitcoinCash is that Bitcoin." Bitcoin.com is not the original bitcoin site, that's bitcoin.org - Roger is a marketer, while the typical bitcoin propagators are mostly coders and nerds, dreamers. I am a marketer (maybe it takes one to know one), he's also a celebrity, which makes it real simple. Marketing is a bit like the military, from the strategic angle. It's important to launch surprise attacks, which is not intuitive to most people who will never realize what hit them. So the answer is NO, of course Roger Ver hasn't even tried - that wouldn't be ethical, and no he couldn't have had so much influence. Everything is coincidence, everything that says it isn't must be a conspiracy theory.