Topic: Dispare phase (Read 1058 times)
The hordes disparage those that hoard and despair in this phase but remain unfazed.
Can you tell the difference between marketcycles and a failure? You obviously can't.
You had millions invested - they will not be invested again after this.
I'm not sure what's going to happen (disclosure: I'm biased to the bullish side simply because I have some BTC and hope it goes back up). But I disagree both with your second statement and with its relevance. Just because people got burned doesn't mean they won't be back, even if they swear they won't. If things start looking positive again, at least some will be back. That's the nature of greed. You also have new "generations" of investors who maybe didn't know much about bitcoin before and are now getting into it. Additionally, you don't need millions of investors. All you need is investors with millions. With bitcoins worth hundreds of dollars, the whales move the markets, not the little guys. You had millions invested - they will not be invested again after this.
Can you tell the difference between marketcycles and a failure? You obviously can't.
You had millions invested - they will not be invested again after this.
You had millions invested - they will not be invested again after this.
There are still too many bulls to call this despair. IMO, despair has arrived when the (vast?) majority of miners quit and block times skyrocket. It's possible that there are enough people waiting to buy that that won't happen. I would guess that buyers will show up en masse sub-$100, if we get there.
I'm not convinced that enough miners will ever quit to let us mine bitcoins on our laptops.
There are still too many bulls to call this despair. IMO, despair has arrived when the (vast?) majority of miners quit and block times skyrocket. It's possible that there are enough people waiting to buy that that won't happen. I would guess that buyers will show up en masse sub-$100, if we get there.
It's only Capitulation phase 
Not yet boys, not yet.
I think we are in it judging by reddit bitcoin and some of the posts on here. How long that lasts who knows, online markets are quicker though.
*hoard not horde
I never disrepair.
There is always more profit to be had.
Yesterday you could have bought a BTC for $170 and spent it at $180 today. That's over 5% in one day.
There is always more profit to be had.
Yesterday you could have bought a BTC for $170 and spent it at $180 today. That's over 5% in one day.
It's "despair", not "dispare".
Despair is a state of depressed mood and hopelessness (Wiki)
And IMO it's more despondency than despair now.
Despair is a state of depressed mood and hopelessness (Wiki)
And IMO it's more despondency than despair now.
Until the mining farms shutdown we are not in the dispare phase. $60-100 for a solid 6 months.
Just remeber as farms shutdown only hobby miners remain.. those that horde coins. The technology and idea of BTC is not dead.
Just remeber as farms shutdown only hobby miners remain.. those that horde coins. The technology and idea of BTC is not dead.
Not yet boys, not yet.
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