I like to think of myself as a long term thinker. I look at the big picture. (Well, as much as I reasonably can.)
There's always discussion here about being a permabear, permabull...blah blah blah. My question is: How can you NOT be a permabull?
If you're looking at Bitcoin in terms of years, how can you make a realistic argument that favors the "permabear" mindset? It's just not logical given what we know. Every long term permabear on here, if you dig a little deeper, is just depressed/angry over losing or missing out on money. Human beings hate seeing others succeed while they themselves are left behind.
Every market crashes. Remember 2008 when the DOW was at, what, 6400? What's it now, 18,000?
Do you honestly believe 12 months is a long time for an emerging market like this? Come on...really?
Forget the short term. I don't even like to comment on it because NOBODY has a clue. But the long term...how can you NOT be a permabull on Bitcoin's long term prospects? (5-10 years)
If you're not thinking about Bitcoin for the long term, you're in the wrong place.
Speculation is the wrong place to speculate?
I would have to say that most are Bulls with short term Bearish outlook. Like myself. When we went up into the stratosphere, I knew it wouldn't last, so I prepared for shorting. I've had a Bearish bias since the 1163 top because that kind of blow-off inevitably ends in a long correction like we have seen since. This is all normal behavior of financial markets and you live a little less depressed when you aren't watching your wealth go down the shitter for an entire year.
