The boring BTC scenario: BTC plain boring for the whole year.
Updated
Everyone likes drawing charts where BTC does impressive price movements. Either insane rallies, or huge dumps.
But what if bitcoin just slowly will drop towards 1800 during the course of the next 1 year? Brutal periods of boredom, with sharp drops in between, but not many of them.
99% of the time just pure boredom.
I fear this scenario because you can forget short-term trading. And you open bitcoinwisdom 100 times per day, to find the same price with a likelihood of 99%, that means that the entertainment aspect of
BTC will be completely gone for almost 1 1/2 years. A nightmare scenario.
Let's hope we'll see some action soon, else this might become a real possibility.
At least we can load up on cheap coins for the next hype cycle :)
But what if bitcoin just slowly will drop towards 1800 during the course of the next 1 year? Brutal periods of boredom, with sharp drops in between, but not many of them.
99% of the time just pure boredom.
I fear this scenario because you can forget short-term trading. And you open bitcoinwisdom 100 times per day, to find the same price with a likelihood of 99%, that means that the entertainment aspect of
BTC will be completely gone for almost 1 1/2 years. A nightmare scenario.
Let's hope we'll see some action soon, else this might become a real possibility.
At least we can load up on cheap coins for the next hype cycle :)
Note
It seems more and more likely, that BTC is going for the "boring scenario". We could have this boring, slow grind upwards for a few more weeks. Of course I hope not, but from all scenarios that I posted in the last weeks, when I was pretty sure we'd go over 4k again, this here seems to be the most likely one.Why, you may ask? Well, because BTC likes to bore us to death, and then, out of a sudden, with no warning, HUGE ACTION!
I think it will be like this again. We need a bit more patience.
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