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Topic: Even former bears are switching sides (Read 343 times)

member
Activity: 238
Merit: 10
May 13, 2019, 09:17:31 AM
#34
Bitcoin exist in a speculative environment and at such any one can predict what ever he/she thinks about the market, both the so call experts are now getting disappointed because the result is opposite of they predictions bitcoin is now trading at $7,000+ which is an opposite of those experts prediction any one is free to predict any way but let us all be optimistic about the market.
Yep, I tend to hold coins and start gradually selling when the price increases, buying back during corrections. Seems like doing something as simple as that beats people who daytrade for 16 hours a day.
full member
Activity: 980
Merit: 114
Bitcoin bull, Bitcoin Bear EveryOne is Just predicting the the price without really having to go against the trend. All bears will be bullish now because bitcoin has broken their major resistance. However if we experience a massive pull back now don't be surprise the amount of people that will keep calling the bear lol
We shouldn't give too much ear to those predictions from the so called "experts" they are all making guesses just like everyone else, sometimes their predictions comes to pass, other times it doesn't. we just have to see what's going on and compare them to past events and see how things  goes from there.
Bitcoin exist in a speculative environment and at such any one can predict what ever he/she thinks about the market, both the so call experts are now getting disappointed because the result is opposite of they predictions bitcoin is now trading at $7,000+ which is an opposite of those experts prediction any one is free to predict any way but let us all be optimistic about the market.
member
Activity: 256
Merit: 10
So, Tone Vays went from "Bitcoin could fall to $1300"[1] to a bullish sentiment in about a month? lol Even when he said that Bitcoin could still fall to sub 2k, the market was in full bullish mode but he didn't change his bearish sentiment. Now that people have stopped paying attention to bearish folks, he decides to switch sides just so he can attract more attention...Like clockwork  Roll Eyes Do people actually take bitcoin investment advices from this guy?

1. https://cryptoinsider.com/tone-vays-bitcoin-is-going-to-1300/
Yep, people give Vays the benefit of the doubt way too often.
If he had given the exact opposite predictions to those he actually gave, he's still be just as respected, if not more.
At the end of the day he's just a clueless gambler like most of us.
hero member
Activity: 924
Merit: 502
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Apparently Vinny Lingham and Tone Vays are bullish, Vays for the short term, and Lingham thinks the bull is knocking on the door.

https://chainbulletin.com/vinny-lingham-announces-that-the-next-48-hours-will-decide-if-the-bull-market-is-back/


Vinny failed at calling the top, Vays failed with his prediction of a longer crypto winter. Do you think they are correct this time?

Only time can tell. There have been many prominent crypto bigwigs who didn't get it right when they made predictions. The bulls are probably in the works already and that's why these people are making a turn around. If we can keep above 7k for a couple of more days, then we're likely going to have a happy second half of 2019.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
in bitcoin market like any other market we have both "bull" runs and "bear" runs so if anybody stays in one mode forever that only shows that they have little understanding of the market! as the trends change so must the traders attitude towards the market. for example if you tried to be a bear in 2017, shorted bitcoin, sold,... then you would have gone bankrupt. similarly if you tried to be a bull in 2018, bought bitcoin,... you would have gone bankrupt of course the different in this case would be since bitcoin rises eventually you could continue to hold and make the profit eventually when price goes to something like $50k!

with that said, the guys OP is quoting are just idiots pretending to be "market experts" for attention and to milk newbies for their money without even investing anything themselves.
sr. member
Activity: 1330
Merit: 326
The market is so volatile. So expect that switching sides and changing decisions is a natural scenario here. Whether their prediction is true or not, the fact that they have basis for what they have said and they are using strong fundamental/technical analysis, then there is a possibility that it is quite true.
For some instance, let me remind you that you can only rely on your own TAs and never trust someone else's statement.
full member
Activity: 612
Merit: 102
No one is ever permabear or permabull in reality. The moment the market changes conditions, they just follow the money and adjust accordingly. Also, predictions are mere predictions aided by mathematical tools devised by people in order to state what they think is going to happen, but that doesn't mean that it's going to happen so anyone can make wrong predictions and that's okay. Currently, market is very bullish, and even the two see that, and there's no point being a hypocrite if facts are already laid bare in front of your eyes.

If the bears switched sides already, it means that the bulls are currently winning this tug of war. A bear is never optimistic, and if it is, then something is definitely happening.

bitcoin market has been in bear condition since the first quarter of 2018
so definitely the market has to switch like the famous line says what comes down must go up.
jr. member
Activity: 136
Merit: 1
Bitcoin bull, Bitcoin Bear EveryOne is Just predicting the the price without really having to go against the trend. All bears will be bullish now because bitcoin has broken their major resistance. However if we experience a massive pull back now don't be surprise the amount of people that will keep calling the bear lol

Lol! my thoughts exactly, suddenly everyone is bullish including those who predict btc to go to zero in 2019 (yet to see the sign of that prediction), seriously, by now i think we should accept that market has its own behavior, most TA's often times comes out to be false, i know this btc run wont stay up for too long, soon you will hear different TA from different Analyst Grin, now everyone is happy making predictions of all kind Cheesy
the crypto community is just amazin!
Yea the best thing is to make good use of the every opportunity each markets comes with either bull or bear there is always opputunities to make reasonable profit form the market. Right now we are bullish no doubt all predictions will try and be bullish. A little pull back Tone and the bearish predictor will surface.
member
Activity: 616
Merit: 30
Apparently Vinny Lingham and Tone Vays are bullish, Vays for the short term, and Lingham thinks the bull is knocking on the door.

https://chainbulletin.com/vinny-lingham-announces-that-the-next-48-hours-will-decide-if-the-bull-market-is-back/


Vinny failed at calling the top, Vays failed with his prediction of a longer crypto winter. Do you think they are correct this time?
Well being optimistic?No one is in permanent bullish or even bearish so these mans only being human to express what they think will happen

But I believe on what Lingham says about the bull is knocking and actually has already here weeks ago

Market will be determined in short time from now
sr. member
Activity: 868
Merit: 266
Bitcoin bull, Bitcoin Bear EveryOne is Just predicting the the price without really having to go against the trend. All bears will be bullish now because bitcoin has broken their major resistance. However if we experience a massive pull back now don't be surprise the amount of people that will keep calling the bear lol
We shouldn't give too much ear to those predictions from the so called "experts" they are all making guesses just like everyone else, sometimes their predictions comes to pass, other times it doesn't. we just have to see what's going on and compare them to past events and see how things  goes from there.
hero member
Activity: 2086
Merit: 994
Cats on Mars
So, Tone Vays went from "Bitcoin could fall to $1300"[1] to a bullish sentiment in about a month? lol Even when he said that Bitcoin could still fall to sub 2k, the market was in full bullish mode but he didn't change his bearish sentiment. Now that people have stopped paying attention to bearish folks, he decides to switch sides just so he can attract more attention...Like clockwork  Roll Eyes Do people actually take bitcoin investment advices from this guy?

1. https://cryptoinsider.com/tone-vays-bitcoin-is-going-to-1300/
hero member
Activity: 2562
Merit: 577
Bitcoin bull, Bitcoin Bear EveryOne is Just predicting the the price without really having to go against the trend. All bears will be bullish now because bitcoin has broken their major resistance. However if we experience a massive pull back now don't be surprise the amount of people that will keep calling the bear lol

Lol! my thoughts exactly, suddenly everyone is bullish including those who predict btc to go to zero in 2019 (yet to see the sign of that prediction), seriously, by now i think we should accept that market has its own behavior, most TA's often times comes out to be false, i know this btc run wont stay up for too long, soon you will hear different TA from different Analyst Grin, now everyone is happy making predictions of all kind Cheesy
the crypto community is just amazin!
jr. member
Activity: 136
Merit: 1
Bitcoin bull, Bitcoin Bear EveryOne is Just predicting the the price without really having to go against the trend. All bears will be bullish now because bitcoin has broken their major resistance. However if we experience a massive pull back now don't be surprise the amount of people that will keep calling the bear lol
sr. member
Activity: 1568
Merit: 321
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Today it's easy to change sides when Bitcoin starts to rise. Usually, those who side-changers are waiting for the price peak. And then they face huge losses.
sr. member
Activity: 1008
Merit: 355
Apparently Vinny Lingham and Tone Vays are bullish, Vays for the short term, and Lingham thinks the bull is knocking on the door.

https://chainbulletin.com/vinny-lingham-announces-that-the-next-48-hours-will-decide-if-the-bull-market-is-back/


Vinny failed at calling the top, Vays failed with his prediction of a longer crypto winter. Do you think they are correct this time?

The majority is wrong in a majority of time.

I guess we have to understand that they are all humans and even the best and the most intelligent men in this industry can all go wrong. They were just sharing their own opinions and since I am sure that these men are also open-minded then they are in fact happy to be proven wrong by Bitcoin's recent upsurge.

I am not actually against prediction because prophets of gloom and prosperity are adding more dynamic and excitement to the marketplace...we should just take whatever they are saying with some grain of salt most especially with Bitcoin one of the most unpredictable beast in town.
hero member
Activity: 2870
Merit: 594
It only makes sense for permabears to switch side because that's what we are seeing right now. How the hell they can justify their bearish sentiments when the price is going up?

Tom Lee is one permabull, but during the end of 2018, he switches side, change his prediction because it's hard to fight the sentiments. So the same as to what's happening to permabears right now.
hero member
Activity: 1932
Merit: 506
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Almost all the people will switch sides as long as they can earn a profit from their investment. If you are familiar on how the market works then you will surely know the bear market and bull run are keep on repeating it's process.

If you cannot adapt this process then you will surely lost all your investment but if you can adapt to this kind of environment then there is a big chance that you will become a millionaire someday or even more than from that.
hero member
Activity: 2884
Merit: 620
They can switch sides whenever they want and whoever is correct between them doesn't really matter. The market doesn't listen to any TA's or opinion of those people. Even how hard they will predict the market, bearish or bullish, it will come to the point that they have never expected.

With all of those predictions that I've heard, I think I have heard very few predictions that's near to what actually happened. I'm still okay listening to TA's and predictions but it will never change the way I take decisions on the market.
hero member
Activity: 2870
Merit: 574
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A broken clock is right twice a day.

So yeah his prediction could be right, or it could be wrong. We don't have much of a track record to go off. Even if the prediction is right, if you guess enough times then you'll eventually accidentally get one right.
I don't want to follow his prediction, but I will make my own prediction.
I cannot directly believe with other prediction because I need to find what is the reason for them to make that prediction and maybe I will take a look at the market, analyze for a while, comparing with his prediction and then make a decision.
If he can predict with right then, I am sure that it's luck because he is in the right time and the right place.
full member
Activity: 616
Merit: 167
A broken clock is right twice a day.

So yeah his prediction could be right, or it could be wrong. We don't have much of a track record to go off. Even if the prediction is right, if you guess enough times then you'll eventually accidentally get one right.
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