That's apart from my impression that I still see lots of bulls, they're just very quiet lately.
Yep. +1
Even this one is a bullish thread.
Hope isn't dead yet. Not enough for a reversal.
Topic: I get the impression this forum turned bearish, contra indicator? - page 2. (Read 2251 times)
July 03, 2013, 09:27:41 AM
Yep. +1
Even this one is a bullish thread.
Hope isn't dead yet. Not enough for a reversal.
July 03, 2013, 08:28:43 AM
Forum sentiment for the most part just follows the trend. Right now trend is down so bears rule. I wouldn't read too much into it.
yes, it's a lagging indicator.
Price goes down...dozens of bears appear and spam the forum.
Price goes up...suddenly bulls everywhere.
July 03, 2013, 08:21:37 AM
Forum sentiment for the most part just follows the trend. Right now trend is down so bears rule. I wouldn't read too much into it.
July 03, 2013, 07:47:33 AM
BitcoinAshley converted to double digitism? 
Yes, it is a contra indicator, but long-term. I think there needs to be a little more blood shed before you can really call a bottom based on sentiment (i.e. "once EVERYONE agrees it's going down, it will start going up again.")
Right now a lot of people are still hoping for a sudden trend reversal.
Right now a lot of people are still hoping for a sudden trend reversal.
If we are all bearish, maybe we are all out.
So the price can't decline anymore.
BUY BUY BUY !!!
So the price can't decline anymore.
BUY BUY BUY !!!
lol
that would certainly explain why price goes up after everyone turns bearishAha, indeed, this is the secret of market turning points.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
During the bubble, at what point did the forum sentiment turn bullish and how long did it last? Just like indicators moving to overbought/oversold confirm a trending phase, so does sentiment and it can last a longer time.
That's apart from my impression that I still see lots of bulls, they're just very quiet lately.
That's apart from my impression that I still see lots of bulls, they're just very quiet lately.
Thanks for your validation. I agree the bearish trend can continue. Many times the masses are right too. The shift is remarkable though.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
If we are all bearish, maybe we are all out.
So the price can't decline anymore.
BUY BUY BUY !!!
So the price can't decline anymore.
BUY BUY BUY !!!
lol
that would certainly explain why price goes up after everyone turns bearish
During the bubble, at what point did the forum sentiment turn bullish and how long did it last? Just like indicators moving to overbought/oversold confirm a trending phase, so does sentiment and it can last a longer time.
That's apart from my impression that I still see lots of bulls, they're just very quiet lately.
That's apart from my impression that I still see lots of bulls, they're just very quiet lately.
If we are all bearish, maybe we are all out.
So the price can't decline anymore.
BUY BUY BUY !!!
So the price can't decline anymore.
BUY BUY BUY !!!
Is it just me projecting or do you also notice a big shift here? Only a few weeks ago half of the forum was still bullish. Now I can barely find a bullish post. Sure the winkle ETF many like, but none seem to think this will push up the price in the short term. Compare that to the chinese bitcoin documentary that was used by many that 'price will go up up up'.
I'm bearish myself but I get scared seeing so many agree.
short term we are going down, but hey look at the bright side just stash your coins and come back in two years... I'm bearish myself but I get scared seeing so many agree.
Yup, most people who post here in speculation and talk the talk now have shit running down the side of their legs.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Is it just me projecting or do you also notice a big shift here? Only several weeks ago half of the forum was still openly bullish. Now I can barely find a bullish post. Sure the winkle ETF many like, but very few seem to think this will push up the price in the short term. Compare that to the chinese bitcoin documentary that was used by most that 'price will go up up up'.
I'm bearish myself but seeing so many agree I think chances become higher that it will actually go up the coming weeks.
I'm bearish myself but seeing so many agree I think chances become higher that it will actually go up the coming weeks.
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