I had a dream that a certain altcoin would fall to $10 which I took as a sign to buy in. Lo and behold a few weeks later it happened but for an instant and I missed out on doubling my money in a matter of 24 hrs.
While thinking logically back in Oct. I thought that BTC would fall or stay at around the $200 after the customers on gox bought coins to get out of the exchange for their refusal to give up fiat currenct. Lo and behold BTC went all the way up to $1200! Seeing as how low prices were all summer it was really unexpected. I never expected it to go beyond $300.
I still haven't figured out what makes people go bullish or bearish yet; its something beyond what the mind can comprehend.
And this is exactly what I am getting at. The idea that we base all our decisions on rational thinking and reasoned analysis is a flawed one. This is just what we like to tell ourselves.
From what I can see in here, most people are behind Bitcoins out of emotional reasons and will bend their rationalising in order to gratify their emotional desires. In a rare twist of universal law, it is actually the most fanatical Bitcoin fundamentalists who will have best benefited from the meteoric rise of Bitcoin. These are the people who think that Bitcoin is going to either save humanity from the NWO, or more pertinently in recent times, believed that Bitcoin is going to $100000K (Bitcoin enthuse has shifted from anarchistic monetary idealism to outright avarice). These are the nutters who have held their Bitcoin through thick and thin and who have realised previoulsy unimaginable (for them) riches for doing nothing but having an emotionally charged fundamentalist belief in crypto-currencies. How much further will the universe continue to reward such blind and rigid faith?
There is another sub group on here of the sour-grapes Bitcoiner, those who have approached Bitcoin with an investors mentality, but called it all wrong and have deprived themselves of a vast gains. These are the Revans and Edward50s of the forum.
I myself can count myself as amongst those who basically had every opportunity to be a millionaire, but cos I never had enough belief to invest (or in actual fact was just too damn lazy), I totally missed out. Since I have come into Bitcoin with an investors hat on (as opposed to with a Silk Road customers hat on), I have seen just as much down side as up side and this perhaps facilitates my emotional coldness towards Bitcoin. I don't care about Bitcoin. I only care about winning, and especially
not losing. Therefore I will jump ships like a rat, depending on which seems to be sinking in which is staying afloat, and I will be ready to completely revise my whole outlook on Bitcoin without giving a damn about the integrity of things I said just two minutes previously.
As I stated, in recent times, all the way down from $1000, I have been bearish on Bitcoin and rightfully so. I remained a bear from the most recent crash and bounce, but with the market seemingly stabilising, and with the plentiful quality bullish rational analysis on Bitcoin around, my rodent instincts are alerting me that perhaps the tide has changed, yet each time I have re-entered the Bitcoin market in a meaningful way, I am having lucid dreams either showing sharks swimming beneath those calm waters, or Bitcoin hitting sub $100 on Bitstamp. Such recurring subconscious signals I simply cannot ignore and given the ultra low Bitcoin volume, despite all the positive TA and glittering fundamentals underlying Bitcoin, perhaps there is a similar subconcscious reticence affecting Bitcoin investors worldwide? A bit like the very interesting and proven statistic, that a person is 3* more likely to a miss a flight that is destined for some kind of unpleasant fate.