![Medium to long term view for bitcoin [btc] (2019-2022-moon)](https://ohiobitcoin.com/storage/2019/01/uzMTcw.png "Medium to long term view for bitcoin [btc] (2019-2022-moon)")
![Medium to long term view for bitcoin [btc] (2019-2022-moon)](http://ohiobitcoin.com/storage/2019/01/uzMTcw.png "Medium to long term view for bitcoin [btc] (2019-2022-moon)")
There are a lot of reasons I have taken into consideration, and obviously this is all my opinion. However, I am a firm believer in how the masses are always wrong. Everyone believes will pump at around the start of Q4 this year because of the halving and that when this happens the bear market will be over. I did this draft because although I do believe will start to find a temporary bottom and pump at some point in Q3-Q4 this year, I DO NOT think the they final bottom will be in.
My reasonings are
1. Because the majority of people think that that will happen and it will be the easiest money they have ever made.
2. was created because of a financial recession but has not experienced one for itself. As much as I would like to believe that will go sub 500… etc. (back to pre 2016 prices), I think there is way too much money already involved and it will never be the low unless there is a black swan event within a black swan event and everyone stops caring about money, which is highly highly unlikely.
3. Many people believe that will be the new world reserve currency in the future. I am undecided on that but I do believe will continue to grow and attract worldwide adoption for the next couple of decades at least. The masses believe that will automatically go up at the snap of the finger if the stock market goes down. This is just wrong. As much as I would love for that to happen, it won’t. You can make the argument that during the past 2 months or so has remained relatively stable compared to a falling stock market. This will be very different in times of a recession. When a true correction hits it will bring down with it. I do believe will rebound way before the stock market does but they will take some time to decouple itself. However, I do believe that if/when a currency crisis hits, will gain a lot of attention,=. So, instead of only watching the correlation between and the stock market also watch the correlation between as a purchasing power and the USD as a purchasing power. If and when the USD starts to die as a purchasing power I do believe that a truly decentralized cryptocurrency based on cryptography and algorithms will be a much more viable solution than a currency whose is manipulated by emotion and illogical thinking for the most part.
4. 3 years or so seems like a great amount of time for this space to weed out and flush away all of the people that are here just for the quick cash and leave the people that truly believe in the financial revolution to reap the benefits of it in due time.
I can go on but I think you get my point and understand that I am just one person with one opinion on this as of now.
If you would like to talk about this chart and/or bounce ideas off of each other or just see what another individual has to say about crypto, financial markets, life, and the future, you can find me on twitter @sagitariffus
Thanks for reading if you made it this far.
And remember to enjoy life and love people, not money! 🙂
Published at Sat, 26 Jan 2019 01:01:07 +0000
