Topic: Here comes dat fear (Read 5074 times)
Why is everything in quotes in the OP??
Your daily fear:
Why are you using the gox chart, Mr. FUDster?
Somehow can't shake the feeling that TERA is the more chatty alt of lucif/masterluc.
I'm all bitcoin baby.
(apart from that black place where I am partly goxcoin. I don't talk about that though.)
(apart from that black place where I am partly goxcoin. I don't talk about that though.)
Yes.
U are the traders ultimate contrarian indicator.
Bitcoin @ $820:
For weeks I have watched you post thread after thread of astonishing crap. I know my SNR is high, but wow you destroy me.
Quote this for truth:
Buy as much as the fuck you can, right the fuck now. End of January comes and all the sell the (OMG CHINA BANNED BTC) rumours, are gonna buy the news. Not to mention all the "lets see what happens at the end of jan" dollars sat on the sidelines.
Quote this for truth:
Buy as much as the fuck you can, right the fuck now. End of January comes and all the sell the (OMG CHINA BANNED BTC) rumours, are gonna buy the news. Not to mention all the "lets see what happens at the end of jan" dollars sat on the sidelines.
I hope you never sent too much over to Karpeles' getaway fund.
I actually felt sorry for you when you were doing it........but then, you are an early adopter Bitcoin millionaire so I will spare you my tears.
Did bitcoin finish, do we have to add up scores now?
I thought not... my prediction re china was wrong. My prediction re: gox, thats still to play out. My prediction RE should you have bought bitcoin at every point ever... that's got a long long time to play out...
You keep trading though, you are probably making loads more than me... until you don't.
This early adopter millionaire nonsense is also troubling, do you think that somehow I had thousands of dollars to put into BTC when it was a dollar, and that I then just held it all through the three run-ups, and now I am sat on a fortune? Sadly no.
I started with $100, because it was all I could afford at the time. I also missed buying at 30cents because I had no cash at all. Since then working has generated far more income than bitcoin. So please stop telling me how 'lucky' I am.
Your daily fear:
Why are you using the gox chart, Mr. FUDster?
I told you this correction wasn't going to be easy and there would be some news event and lots of fear and fud.
"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"
Will you succomb to da fear?
"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"
Will you succomb to da fear?
With all due respect, the sentiment is not fear yet. it has been through a phase, but it is not necessarily over in one flash and bang.
the speculators are still top heavy. maybe wall street can lift them to the moon with all their might, but that is not their style.
you are quoting a minority.......
Your daily fear:
When the bitcoin market picks up volume, it will include volatility.
You daily market forcast, with TERA.
You daily market forcast, with TERA.
If the volume stays this low for much longer, I think once the volume pics up and the market starts to move its going to be quick as bears and bulls question themselves.
Most people that are bullish right now are permabulls who won't question themselves until they panic sell.
If the volume stays this low for much longer, I think once the volume pics up and the market starts to move its going to be quick as bears and bulls question themselves.
The longer the bear market carries on and we're in this downtrend the fear is not gone, it just sets in more as people question its resilience.
Never ever seen the volume so low.
Basically only bot trades on Stamp doing their utmost to keep the spot price nailed up.
Sellers are point blank refusing to meet buyers.
Seems like half of the market is convinced that a break out from here is imminent and the other (and probably heavier) half is convinced of a further correction or even a continuation of current bear trend with a lower low.
You know, now that you left your rage phase behind you, you start sounding downright insightful. You should keep an eye on that.
Seriously though, that's an excellent summary of the market right now, IMO.
The longer the bear market carries on and we're in this downtrend the fear is not gone, it just sets in more as people question its resilience.
Never ever seen the volume so low.
Basically only bot trades on Stamp doing their utmost to keep the spot price nailed up.
Sellers are point blank refusing to meet buyers.
Seems like half of the market is convinced that a break out from here is imminent and the other (and probably heavier) half is convinced of a further correction or even a continuation of current bear trend with a lower low.
I suspect that if [IF] a 2011-like scenario plays out (meaning we have a weekly ema downcross) then support will be found at this PURPLE trendline, which I call the 2011+2011-recovery support trendline.
It's not nearly as extreme as your $75 projection, but still far away from our beloved blue trendline with a LONG sideways trading period coming up.
Personally, am I rooting for this to happen? NO. If this happens it means I'm not making any profits, unless I make very risky types of trades, plus I'm taking the risk of holding funds on exchanges the entire time.
It's not nearly as extreme as your $75 projection, but still far away from our beloved blue trendline with a LONG sideways trading period coming up.
Personally, am I rooting for this to happen? NO. If this happens it means I'm not making any profits, unless I make very risky types of trades, plus I'm taking the risk of holding funds on exchanges the entire time.
TheDailyFear:
I wonder how many times these people thought the downtrend had gone on long enough, was breaking and the reversal was in. MACD went up a few times here also.
I wonder how many times these people thought the downtrend had gone on long enough, was breaking and the reversal was in. MACD went up a few times here also.
I don't know. Probably best to ask the people in this forum who experienced it and what their opinions are now vs. then.
I think for that to happen again, which would basically us back to around $75 or so, that something fairly catastrophic would have to happen. Back then, bitcoin was a dot on a pimple on a boil of the butt of the financial world. Today, legislation is being written to accomodate it. So it seems like there some major historical differences.
But, yeah, you should definitely consult those with experience.
That image reminds me very much of 2011! Like you said :
They're buying every twitch thinking it's over and not wanting to miss the low.
I wonder how many times these people thought the downtrend had gone on long enough, was breaking and the reversal was in. MACD went up a few times here also.
They're buying every twitch thinking it's over and not wanting to miss the low.
TheDailyFear:
I wonder how many times these people thought the downtrend had gone on long enough, was breaking and the reversal was in. MACD went up a few times here also.
I wonder how many times these people thought the downtrend had gone on long enough, was breaking and the reversal was in. MACD went up a few times here also.
2011 didn't have Twinkiegloss buying up loads of BTC.
Neither does 2014
I'm all bitcoin baby.
(apart from that black place where I am partly goxcoin. I don't talk about that though.)
(apart from that black place where I am partly goxcoin. I don't talk about that though.)
Yes.
U are the traders ultimate contrarian indicator.
Bitcoin @ $820:
For weeks I have watched you post thread after thread of astonishing crap. I know my SNR is high, but wow you destroy me.
Quote this for truth:
Buy as much as the fuck you can, right the fuck now. End of January comes and all the sell the (OMG CHINA BANNED BTC) rumours, are gonna buy the news. Not to mention all the "lets see what happens at the end of jan" dollars sat on the sidelines.
Quote this for truth:
Buy as much as the fuck you can, right the fuck now. End of January comes and all the sell the (OMG CHINA BANNED BTC) rumours, are gonna buy the news. Not to mention all the "lets see what happens at the end of jan" dollars sat on the sidelines.
I hope you never sent too much over to Karpeles' getaway fund.
I actually felt sorry for you when you were doing it........but then, you are an early adopter Bitcoin millionaire so I will spare you my tears.
The longer the bear market carries on and we're in this downtrend the fear is not gone, it just sets in more as people question its resilience.
What do you old schoolers think is going to happen this time around, can we recover? The difference it seems this time is the Media on the hunt.
Yes, we will recover eventually even if this turns out like 2011 (which I doubt) because the situation is much different now then 3 years ago. The driving force behind the next rally to me would be institutional money moving in from Wall Street, hedge funds of all kinds, via the Winklevoss CFD, Secondmarket, etc.
If the are on schedule I would estimate the next rally to begin in 4Q 2014. If they get delayed by the fall out of recent events, instead of a rally we will go up more steadily as use and awareness of BTC grows gradually.
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