RE: DOW set to open down 275. ARE we in a BEAR MARKET? GOLD hangs in just fine @1235. BTC? It is STILL TRADING! 6425 and showing no desire to move either way. STATMAN comments on these three markets and wants your opinion! by d0zer

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· @d0zer · (edited)
It is so difficult to see where bitcoin will be in a year. But I’m also seeing nothing that could create a new bull run. The same goes for every other coin out there. But hey who knows...bitcoin is so unpredictable. :)

Oh yea I also enjoy reading your posts!
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@yankee-statman ·
Thanks...and the same....
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@bitbrain ·
There are THOUSANDS of fundamental reasons that crypto could start climbing like mad at any time. I tell you this, the only thing that the crypto market needs now is a strong catalyst. The market is sitting on a massive stack of latent crypto good news that has been accumulating since *February*, so far without reaction. Sooner or later the pressure build-up will reach enormous proportions and she will run like a race horse that has been stung by a wasp.
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@yankee-statman ·
thanks..apprec. the input..I would be happy to see that..from a technical view point we need lots more pessimism.
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@bitbrain ·
I would dispute that, don't forget the biases of people: https://steemit.com/cryptocurrency/@bitbrain/i-m-realistic-about-the-crypto-market-you-aren-t

Though good news has pumped through the year, crypto has completely failed to react to it. To me this means two things:
* There is a lot of news that has already happened *that has yet to be priced in/taken notice of!*
* Bullish hysteria (the majority of the market i.e. those who are always wrong) ignored whatever news there was, but this will reverse and become over-hyped once sentiment completes its 180 degree shift.
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@d0zer ·
$0.05
I hope you’re right. Long term I agree this wil build a solid base for growth but for short to mid term I’m worried. All that good news is already known. Already priced in. We need something big.
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