Topic: My Present Outlook (Read 1087 times)

Same here. Had I known just how long and deep it would be, I would have sold and re-bought once it seemed like we were nearing a low. The danger is that you miss the boat on the way up though.

Well, if everyone starts selling and goes over the support line then a price correction might very well happen and price is surely to drop. I don't specifically hate myself after selling a percentage my coins when the price goes up much higher because, as a person, as long as there's profit, all is well. But it would've been nice if the profit was higher though.

I know what you mean Roach but to be fair it goes both ways too. I hodl'd far too much in the last bear market and watched in horror as further price falls developed. However in this situation I am very bullish and ready to hodl. Cautiously

Yeah, paying taking profit makes room for people embracing the rise that is happening. Which is good since they are determined to hold longer.
I guess I share this outlook.

Exactly what I was thinking.

Speculators are a scapegoat. They get a bad rap but they actually help to stabilize the market. The reason the market is unpredictable is actually because markets have a long history of being notoriously unpredictable.

The market pricing mechanism depends on human psychology and trial and error. It rarely reflects the true value of something in the short run but tends to do a good job over the long run.

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Corrections can be a good thing. They help test the waters and provide a stable foundation for future gains.

When everyone expected the rally would continue, it dropped from 475 to 455, a mere $20 drop but a drop nonetheless. Bitcoin has a habbit of doing the complete opposite of what you expect it to do. Prolly because the market is rigged by the whales and manipulators.

Down $20 since the last time I looked last night. Make up your mind bitcoins!!!

^Same goes for buying.

That's why one should never sell all his coins at once. If you just sell a small percentage of your coins at a time, then you can benefit from the price that goes up and up. If you sell all your coins, then yes, you'll hate yourself when the price goes up much higher.

Yeah. I was originally planning on doing so because for a long time Bitcoin was over-represented in my portfolio, but realistically, I could invest more at this point. I think I'll just hold on for a few years regardless of what happens.

I can't wait till everyone sells at like $600 or $800 and it keeps on rising as they watch in horror.

let's all be cautiously optimistic together.

we can have a cautiously optimistic party.

just make sure to not drink too much.

I just don't see that as a good option unless an alt coin emerges as a serious, *significantly superior* alternative to Bitcoin. I realize some of them have some good ideas, but let's be honest: it's gambling. It's like buying penny stocks. UNLESS, you can find something that is fundamentally better in such a way that it could eventually replace Bitcoin.

All these clone-coins will remain in the shadows unless they can render Bitcoin obsolete. It's like Beta-max vs VHS.

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Just remember very few people today have any idea what the early adopters may have said on chat-rooms and forums (did they have those?) when the internet was still in it's infancy. We don't matter to Bitcoin's long-term success one way or the other. It doesn't belong to us.

I will agree, however, that some of what goes on in this forum contributes to the stereotypes that are holding us back. But those roadblocks are tiny compared to the real obstacles: Government tax policy makes Bitcoin completely impracticable to use, and regulation is holding back innovation. I used to trade Bitcoin constantly and spend it often, but I won't even touch any Bitcoin other than what I already own now because of the nightmare of tax compliance I went through to report about $10 of taxable short term gains. IRS red tape is the enemy here. They are the ones holding us back. Hopefully as Bitcoin grows we can influence legislative reform.

Well, we'll know Bitcoin's really going places if or when 'the community' slides into backroom obscurity. I'm willing to bet only a small fraction of mobile phone owners have ever frequented an Android or Ios forum or have the slightest clue who's steering the ship.

Gee, where to begin with the shitcoins.  And really, there are hundreds of them and I don't think most offer any sort of advantage over bitcoin. 

I'm cautiously optimistic as well, but I'm very skeptical as well about bitcoin's future.  The community seems to be a pretty toxic one, judging by this forum.  I think the founder of dogecoin got out of crypto for that reason.

Hope it goes up more. Meanwhile, perhaps it is time to buy more altcoins.

True, by saying the bear market is over, I mean that it's been relatively proven at this point. In other words, it's not a "dead cat bounce" as people are fond of saying.

Third Cautiously optimistic here lol. The pattern of going up to the 450$-500$ and then going down has repeated several times. Perhaps this one will go higher if many buy expecting this to be the halving pump, but it is better to be cautious.

Cautiously optimistic is definitely the best way to go about this recent increase in the price.

As for your analysis, I liked it. It definitely offered some fresh perspectives as opposed to the technical analysis that you say you don't like.

I would like to see more of these in the future.