PEAK MISERY (TM) - page 2. | Bitcointalksearch.org

eth9888

full member

Activity: 291

Merit: 105

Quote from: BillyBobZorton on April 06, 2018, 11:24:48 AM

My technical analysis shows a possible downfall to $4300 ish as a despair mode, but then again, the fundamentals tell me the panic selling is reaching ludicrous levels. These indicators are very interesting tho, I also like the Mayer multiple indicator:

https://twitter.com/tipmayermultple

There's just no reason for such low prices, other than a bunch of idiots handling their coins to Wall Street which are the ones buying all the cheap coins before institutional money and other whales come in. They will not do it before all the weak hands are shaken.

You sure $4300 is a despair mode?
People around here are still pretty confident! That makes me feel we have a long way to go before stabilising............

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

My technical analysis shows a possible downfall to $4300 ish as a despair mode, but then again, the fundamentals tell me the panic selling is reaching ludicrous levels. These indicators are very interesting tho, I also like the Mayer multiple indicator:

https://twitter.com/tipmayermultple

There's just no reason for such low prices, other than a bunch of idiots handling their coins to Wall Street which are the ones buying all the cheap coins before institutional money and other whales come in. They will not do it before all the weak hands are shaken.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: btc2mars on April 06, 2018, 07:14:03 AM

Quote from: exstasie on April 04, 2018, 05:54:34 PM

Quote from: gentlemand on April 04, 2018, 04:57:23 PM

I feel perfectly perky myself. And I haven't seen all that much screaming. The real misery came in early 2015 after well over a year of falls. But everything was so shit that I suppose most were beyond misery.

I wouldn't say I'm perky as I'm never comfortable holding all cash. Tongue

The thing about the 2014-2015 comparisons is, we really don't know if we are in a similar part of the cycle or not. What I dislike most about the 2014 redux calls is that it seems far too easy. Markets don't just repeat and each bubble (and correction) was notably different. Most people (aside from the newbies) seem too prepared for it.

Quote from: gentlemand on April 04, 2018, 04:57:23 PM

Considering every modest rise is still leapt upon, there's a a ton of hope that hasn't been extinguished. I'm not one that believes we have to die before being reborn, but equally the bad stuff may not have even warmed up yet.

The interesting thing from studying charts from 2012 and 2013 is that despair can be reached at a higher low, like an Adam & Eve bottom. I'm not ruling out the $1,000-$4,000 bear dreams, but I'm just not convinced. The market likes to punish both sides, and it's been quite a while since bears were punished.

Excellent reply.
Indeed markets always like to punish both sides.
I guess you're indirectly predicting an ultra long consolidation period where price would hover around $5K - $9K zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

It will sure happen if we can only see the bottom for these, And I will keep on adding up my bitcoin every time I see a pinnacle that it will dip, And I really think that if we reach the $5000 USD mark it is still a good decision to buy, But my opinion never change that it will stay in the $6500 that is the bottom that I am thinking right now, But if it fall down further the $5000 mark then It is still OK and a good buy for sure.

buwaytress

legendary

Activity: 3010

Merit: 3724

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Quote from: BitHodler on April 04, 2018, 04:49:28 PM

People see issues where there aren't any. I have been accumulating as many coins as possible below the $10,000 mark, and I'm quite pleased that I have the opportunity to do so well under that level.

Me too! I do recall wishing it'd stay a while below 10k and I guess I got my wish. It moved up way too soon for me, having entered "late in the game". Some minor mixed feelings whenever I sell coins at my regular-ish intervals but overall, padding up my wallet at greater "efficiency" now.

As OP says, we're all out of capital. Am still earning as much as I can, so that's still happening, but yeah. No more spare cash lying around, not for alts, and definitely not for Bitcoin.

Quote from: gentlemand on April 04, 2018, 04:57:23 PM

I feel perfectly perky myself. And I haven't seen all that much screaming. The real misery came in early 2015 after well over a year of falls. But everything was so shit that I suppose most were beyond misery.

Considering every modest rise is still leapt upon, there's a a ton of hope that hasn't been extinguished. I'm not one that believes we have to die before being reborn, but equally the bad stuff may not have even warmed up yet.

Not alone then! Shall we all remind each other this time next year or in 2020 about how long ago this seems? Kinda like all those guys from 2014/15 with their dark tales of deserters.

And yeah, I'm not for the phoenix rising out of the ashes rhetoric either. Not sure I'd enjoy a death of Bitcoin before the second coming.

btc2mars

member

Activity: 108

Merit: 10

Quote from: exstasie on April 04, 2018, 05:54:34 PM

Quote from: gentlemand on April 04, 2018, 04:57:23 PM

I feel perfectly perky myself. And I haven't seen all that much screaming. The real misery came in early 2015 after well over a year of falls. But everything was so shit that I suppose most were beyond misery.

I wouldn't say I'm perky as I'm never comfortable holding all cash. Tongue

The thing about the 2014-2015 comparisons is, we really don't know if we are in a similar part of the cycle or not. What I dislike most about the 2014 redux calls is that it seems far too easy. Markets don't just repeat and each bubble (and correction) was notably different. Most people (aside from the newbies) seem too prepared for it.

Quote from: gentlemand on April 04, 2018, 04:57:23 PM

Considering every modest rise is still leapt upon, there's a a ton of hope that hasn't been extinguished. I'm not one that believes we have to die before being reborn, but equally the bad stuff may not have even warmed up yet.

The interesting thing from studying charts from 2012 and 2013 is that despair can be reached at a higher low, like an Adam & Eve bottom. I'm not ruling out the $1,000-$4,000 bear dreams, but I'm just not convinced. The market likes to punish both sides, and it's been quite a while since bears were punished.

Excellent reply.
Indeed markets always like to punish both sides.
I guess you're indirectly predicting an ultra long consolidation period where price would hover around $5K - $9K zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

fabiorem

sr. member

Activity: 1400

Merit: 347

Can you believe it? Its worse than 2011.

How they measure this index? Because in 2011 the fall was 94%, more than the 70% of the current crash. Certainly theres more to it than lines in a chart.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: gentlemand on April 04, 2018, 04:57:23 PM

I feel perfectly perky myself. And I haven't seen all that much screaming. The real misery came in early 2015 after well over a year of falls. But everything was so shit that I suppose most were beyond misery.

I wouldn't say I'm perky as I'm never comfortable holding all cash. Tongue

The thing about the 2014-2015 comparisons is, we really don't know if we are in a similar part of the cycle or not. What I dislike most about the 2014 redux calls is that it seems far too easy. Markets don't just repeat and each bubble (and correction) was notably different. Most people (aside from the newbies) seem too prepared for it.

Quote from: gentlemand on April 04, 2018, 04:57:23 PM

Considering every modest rise is still leapt upon, there's a a ton of hope that hasn't been extinguished. I'm not one that believes we have to die before being reborn, but equally the bad stuff may not have even warmed up yet.

The interesting thing from studying charts from 2012 and 2013 is that despair can be reached at a higher low, like an Adam & Eve bottom. I'm not ruling out the $1,000-$4,000 bear dreams, but I'm just not convinced. The market likes to punish both sides, and it's been quite a while since bears were punished.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

I feel perfectly perky myself. And I haven't seen all that much screaming. The real misery came in early 2015 after well over a year of falls. But everything was so shit that I suppose most were beyond misery.

Considering every modest rise is still leapt upon, there's a a ton of hope that hasn't been extinguished. I'm not one that believes we have to die before being reborn, but equally the bad stuff may not have even warmed up yet.

BitHodler

legendary

Activity: 1526

Merit: 1179

People see issues where there aren't any. I have been accumulating as many coins as possible below the $10,000 mark, and I'm quite pleased that I have the opportunity to do so well under that level.

I am firm on the $6000 bottom, making me want to accumulate even more at current levels, but I have no endless bag of money that I can fall back on. My next purchase will be at the end of this month.

If the price by that time still hovers around current or even lower levels, then it's all in my favor, but just like there is no bag of money you can endlessly fall back on, the price won't be around currently levels endlessly.

RejectedBanana

sr. member

Activity: 406

Merit: 551

I am a banana.

Congratulations, Ladies and Gents:

We have achieved PEAK MISERY! We're talking UNPARALLELED MISERY, not seen since Sept 2011. People actually had a valid reasons to be miserable then. Their Bitcorn only worth two dollar.

Now, we're just a bunch of whiny instabears worried about such terribly frightening issues as futures, taxation, regulation, hacks, bankruptcy settlements, and for fuck's sake, the tanking stock market?

Seriously people, if you can't see these issues are all GOOD NEWS for Bitcoin going forward, then GTFO. Sell your coins to someone worthy of sweetly CODLing them, for years to come if they have to. (OTC or P2P, of course. Don't you dare touch the Cartel's manipulated exchanges.)

This is the moment of truth. This is when baby lambonaires are born.

The last four of Bitcoin's MOST MISERABLE MOMENTS showed positive returns after 1, 3, 6, and 12 months. Even Sept 2011's bag-holders showed 20% returns after one year!

I know none of us have any capital left. But think of all your easily manipulated grandmamas, parents, teachers, aunts and uncles! You've likely already hacked into their accounts anyway, so get in there and BTFD on their behalf so that they, too, can share in this glorious MISERY!

The Bitcoin Misery Index, BMI, Is Flashing A Buy Signal

Topic: PEAK MISERY (TM) - page 2. (Read 515 times)