Aren't we in a state of denial? (MARKET CYCLE UPDATED, VOTES RESET) - page 2.

tokeweed

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Quote from: bitworldfun on January 28, 2016, 10:11:18 PM

gotta test 320 again before we know this last uptrend wasnt a suckers rally! so if you flip that chart I would say we are in the fear zone of an upward trend (Bear Trap)

I have the same thought. But that's what made me ask myself if this is me in denial or not...

bitworldfun

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gotta test 320 again before we know this last uptrend wasnt a suckers rally! so if you flip that chart I would say we are in the fear zone of an upward trend (Bear Trap)

tokeweed

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Quote from: RyNinDaCleM on January 28, 2016, 07:32:49 PM

This is exactly what I had in mind! I will post this in the OP.

Moneyburner

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I would say somewhere between hope and relief. I think we already hit the bottom and while we haven't had the price skyrocket yet it is an upward trend

BlackSpidy

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I reached panic a few minutes ago, so... yeah. Imma buy tomorrow. See how it works out.

Morecoin Freeman

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Yes I like that. Very clever. Cheesy

Fear phase at ~320?

Tzupy

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^^^^^
Good one, I wish I had this idea! Cheesy

Coming soon, the fear phase... Wink

RyNinDaCleM

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tokeweed

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Quote from: Morecoin Freeman on January 28, 2016, 06:55:51 PM

This is of course dependent on your time frame as a trader or investor.

Judging from my point of view the $460 - $500 USD price was a peak.
The price has been declining since. So then, yes this could be the denial phase.

If so, then that means it could go down further...

Morecoin Freeman

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This is of course dependent on your time frame as a trader or investor.

Judging from my point of view the $460 - $500 USD price was a peak.
The price has been declining since. So then, yes this could be the denial phase.

The Sceptical Chymist

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I'm not sure any of that applies to bitcoin--those market cycles apply to business, i.e., stocks. Take a look at precious metals. Gold and silver don't follow anything that resembles that, or if they do the cycle is extremely long. And if bitcoin does obey market cycles then I'm totally confused as to where we're at. Seems like bitcoin just cycles up and down, sometimes very quickly.

afbitcoins

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I guess I'd put myself in hope at the moment but if price goes down back to depression a bit longer

Ya-ing

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According to Hearn, we will be in denial. And it is possible we are, but I want to think I am still in "hope"

uki

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@OP: What is your time perspective?
If we talk about daily trading and maximum 2-3 months, then maybe yes. Otherwise if we take the big picture, we just ended the long bear that started at Mt. Gox.
Therefore we are between Depression and Hope. And that would explain a lot why you started this topic.

lumeire

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Where do you think we are now in that cycle, of course with regards to the coming halving. I suppose we're still at optimism?

Dekker3D

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Probably a little in denial as some are still suggesting that now is the buy time. Market price have peaks and valleys and we're not in a good place at the moment but it's not something worth crashing for. The price could still go down as most profiteers are going to altcoins nowadays. Once the altcoin wave is done, they'll be back to bitcoin bringing in money with them.

sgbett

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where you been the last 18 months!?

we're depression/hope!

RodeoX

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The revolution will be monetized!

Emotion may be a big influence on some, but I never trade on emotion. It's really my edge to avoid bringing superstition, fear, and euphoria into my mathematical decisions.

thejaytiesto

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Nope, ANY price compromised of 3 figures, so thats 100 to 999, is an instant steal. Anyone that has a functional brain can known the potential of Bitcoin and sees how 6 billion marketcap is an insta-buy all day-every day. The market is so damn tiny right now, and it has so much potential, that it doesn't matter where you buy, you are making money by buying Bitcoin, period. You just have to wait for the rest of the world to catch up in a couple of years.

xDan

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I think we are still muddling around in despondency and depression, with occasional small spikes of hope before falling back into depression.

Optimism would be $800+ Cheesy

Anything else is just everyday Bitcoin and pretty meaningless.

I don't think anything much will happen until the block size war is resolved. And that could take years if we have to wait for deployment of the Lightning Network. Just hodl tight, guys.

Topic: Aren't we in a state of denial? (MARKET CYCLE UPDATED, VOTES RESET) - page 2. (Read 3186 times)