Re:Bitcoin climbs to $10k
by jhanschoo on Saturday June 22, 2019 @09:05AM
(#20249397)
> They seem to be random and not based on any relevant real-world event
There are some events that trigger movement, but in macro it just looks like a very regular pattern of bubbles interspersed with long periods of not much movement. Even now I think there are enough ideological and greedy fools that I think the bubble pattern will remain strong that even a dispassionate amateur can reliably make a profit.
It started to show signs of a strong upward trend a month ago. Now that mainstream news is covering it I'm confident it will start to grow faster into a very obvious bubble.
There are some events that trigger movement, but in macro it just looks like a very regular pattern of bubbles interspersed with long periods of not much movement. Even now I think there are enough ideological and greedy fools that I think the bubble pattern will remain strong that even a dispassionate amateur can reliably make a profit.
It started to show signs of a strong upward trend a month ago. Now that mainstream news is covering it I'm confident it will start to grow faster into a very obvious bubble.