Topic: Bears? Where are you? Bulls? (Read 3970 times)

Hmm this mirrors my outlook pretty closely actually.  If we dropped to 70s and consolidated there are for a bit I wouldn't be shocked, however I think its more likely we will bounce around the 100 mark up and down unless something happens to change things (it will).  The drop from 266 scared a lot of people and that will manifest itself in people profit taking sooner in rallys we have in the near future so I also think 200 may take us awhile even if adoption and infrastructure continues to improve as it has been.

I think the spike up peaked a lot of people's attention and many projects are starting now for which we won't see the price benefit of until months down the road.  Due to this I'm mid-term (and of course long-term) bullish.

I would recommend dollar cost averaging your average bitcoin cost with the cheaper coins then resetting your position once its a bit more profitable to sell. If you didn't invest too much at 250 but seeing as its at 110-120 on gox or 120 on canbit with a 98% Stability I would wait a while to see if stability moves up or down regarding price fluctuations in the short term. Instead of 10 units valued at 200 20 more at 100 = 30 units at 133.33
Not really speculation just a lower average cost can help to eat losses of course if your range is 50-70 should dollar cost average when it reaches that point.
https://www.canadianbitcoins.com/ (Where I measured stability from)

Either way if it's at 120 I am thinking down till 100 where I'm a bear in that range
70-100 I am a bull since the support levels all the way down to $50 have a lot of money so its hard to penetrate
Can see it through the orderbooks https://www.cavirtex.com/orderbook
Or Charts
http://www.bitcoincharts.com/markets/virtexCAD.html
http://www.bitcoincharts.com/markets/mtgoxUSD.html

Long run a bull too the chart explains itself but I agree that we wont be back to 200 for a while yet
Although if Its the power of rally's another rally will occur eventually probably parabolic and another crash but not for a while now
Cough not including our usual volatility XD

Either way I can't see $15 no matter the arguments from the bears not with that much money making a wall to get there
Unless  it becomes illegal or something along those lines

I'm not sure how that chart could indicate who sold or not.  Seems just as likely to me that long term investors were used to holding through the turbulence and it was the new investors that bought then panicked when there were large quick sell-offs, especially since it was the new investors that had more USD worth initially invested since they on average likely bought in at a much higher prices.  Again I'm not saying my hypothesis is right and yours wrong, only that you can make a case for either happening and that chart doesn't tell either side of the story.

My main point was that over the course of Bitcoin the vast majority of the time bullish advice followed would have led to greater USD valuation of investment now than listening to bearish advice.  If a hypothetical exchange existed where you put in a buy or sell order, and it would then pick a random day in the past since bitcoins inception and execute your order, do you buy or sell?

None of my comments of course have made any predictions about the future.  It might turn out that over the long term bears had the best advice, but that hasn't happened yet, so the only bearish advice of value is a specific one in time and price that actually is correct.

In the short term I think there is a decent chance we will see another dip.  If we never drop down to 100 again then I will be out a few bitcoins due to a bad call not to buy more when we dipped to 79 previously.  I'm torn whether I want it to dip and let me recoup my few BTC or have the train leave the station and make the rest of my holdings worth much more.

The Bears, The Bulls, And the Sheep

By all means, this is why I'm currently betting on the downtrend. Even if it's killing me inside. I don't have a choice without taking a loss ATM. Personally i think BTC is worth between 50-75$ and a lot of bears seem to think that is too extreme, but I think its reasonable.

It's impossible to go back to where we once were. I just don't see it happening unless MtGox gets killed. But I have to believe the price is going to tank at least a little.

I also definitely believe in the power of rallies, but you know what I made my choice can't take it back and will weather the storm. I hear the concept of strong hands being mentioned a lot and I know it usually refers to BTC but I also believe it applies to fiat. I made my choice. Time to stick it out.

When I see that chart I see long term holders sold but they had a long wait and the short term ones bought in and lost for now
Basically low period == profit
Though their were two other dips their so small now due to scale

I made the assumption/prediction of 300. BUT, my TA (very very basic and possibly incorrect) shows that there might be another dip before a new rally.
But the 300 price could be by August.

What am I looking at here?  Would be helpful to break down the chart a bit to more effectively make your point.  Thanks.

Edit: I see your edit, however what are the markers you've put on the chart?  Is the chart supposed to reinforce or refute my claim you've bolded?  I know what the chart is, I'm just not sure what you're trying to communicate by posting it.

300. soon.

That graph shows exactly why I am a bear ATM.

The real price-support are probably higher than what the long term graph shows, but surely below $50.

EDIT: This is the price of Bitcoin from the beginning of 2012 until now.

Right, I'm not talking about a bear who comes on here and gives good advice with specific time frames and price levels that if followed would make investors money.  I'm talking about the bears that always call for a lower price then try to rub it in peoples faces when it's that time of the day when their stopped clock happens to be correct.  I'm not anti-bear overall, there will obviously be times when the market goes down and selling and re-buying later is the correct move to make.

To be fair there are plenty of bulls that fit the same bill I described above, however what they have on their side is that over the long-term the trend has been up, so it's slightly more forgivable I think.

But if you did that, it would be possible to predict the lottery number every Saturday and you would not need Bitcoin at all

Presumably, they're only short term bears. You would have doubled your coins if you had been bearish at 160, increased them 5 times if you had been bearish at 260 and bought around the bottom.

And by god when this happens you'd better thank them and give them a pat on the back for their brilliant and sober insight!

Honestly there is no problem with bearish speculation and it's good to have both bulls and bears here.  I'm still amused though that there were threads from people bearish at $15 that declared victory and demanded thanks while we're still usually trading 100+.

the fact that we're still over $100 is a very optistic sign to me.  there will always be bears on this forum. when the price gets to $900/BTC then drops down to a floor $500/btc, the bears will still be here proclaiming what an epic failure bitcoin is.

I OD'ed on Kool Aid. We're on our way $200 to $500 next week.

Bear at this price during this time period based on market news Bull at prices below 100
Bull long term

Not to forget the occasional pizza order with extra toppings.

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