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Topic: PermaBears - page 2. (Read 2131 times)

legendary
Activity: 1176
Merit: 1010
Borsche
January 11, 2015, 05:14:00 PM
#23

One of the major things that keeps me from turning into a bear is that the current financial system will eventually change/break.

The fiat system is flawed as governments/central banks around the world get SOMETHING for nothing (pretty much nothing except ink, printers, and paper)  Grin

But if it does collapse, which is quite real, it will bring everything else with it; there won't be a happy transition to bitcoin. Internet infrastructure, electricity, everything will be gone.

I'm still hoping for a very slow gradual replacement, sector by sector, of non-digital services with cryptographic ones, over the next 20-50 years.

And about bears - the fact that they stick on to here means they are into bitcoin, so they are (mostly) not hopeless. They just think sub-yearly timeframes, that's all. It is pretty obvious from looking at price graphs that bitcoin price spends 80% of it's time slowly trickling down; so no wonder bears are well fed around here Wink
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 05:08:34 PM
#22
I've seen Edward50 go bull. It was very short-lived, but he did it at least once. Tongue

If anyone can link to a post where Edward50 did go bull...that would be appreciated. Thanks in advance.

I am loathe to actually search through posts, but THIS one, I am very confident on. I wouldn't forget something like this, and I didn't. Wink

No worries. Still if anyone has the link it would be awesome to see. Grin
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 05:07:32 PM
#21
So what do you mean as "perma-bears"?

People that were ALWAYS bearish on bitcoin?


I bought at $10-$12, started selling in december 2013 - january 2014 and after that started mostly trading the big moves since there was good margin trading, liquidity was a lot better and the bubble seemed to started bursting (so no point in blindly holding)

I mostly shorted this 2014, being pretty bearish all year aside from the predictable big $450-$680 short-term reversal-megapump.

At this point I am what you would consider a perma-bear. I don't have much hopes for bitcoin, mainly for reasons linked to its fundamentals.
The trend is down until proven otherwise. If there are signs of a strong reversal I might buy or go long but I doubt.

Am I a perma-bear or not?



Permabear meaning they are always bearish (well I would count someone being 98% bearish and 2 % bullish in their entire time involved in bitcoin).

You don't sound like a perm-bear...you sound like a cycles trader. You go where there is money to be made.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 05:02:45 PM
#20
Are there any out there?

I don't see that term being thrown around. But given bitcoin's price history is there really such a thing as being a perma bear?

Perhaps being a permabear with losing your stake in bitcoin with every spike you buy and fall you sell.  Cheesy

Ah, I certainly was too idealistic. I mean, I've made money- no doubt, for the amount I put int? Crazy. That said, I'm not rich and held on as I watched that price drop, and drop, and drop. It's gone so far, really I only hope it to hit low double digits so we can start everything all over again.

But this time without GOX, without Pirate, without shitty alt-coins, and just focus.

Not sure did you mean you are disappointed in the amount of money you made for the amount you put in? (Serious question).

The scammers are not going to go away just so we can "focus".

There will always be scammers in any market as there will be honest people as well.

That is just how the world is no matter what market you are in.

Oh I made money. I guess I wish I made MORE but then of course I would be talking like the game is over yet- and it's not. Bitcoin really taught me a lesson about greed however.

You're right about the scammers. Although I think maybe the next time around bitcoin is going to be out of 'our hands', if it isn't already. The past couple bubbles we sort of built ourselves, right here. The next time around I think we will probably mostly be on the sidelines as wallstreet molds it to the financial system's existing structure.

Just a bit nostalgic for the 'good old days' I guess when it still wasn't so serious and was more, I don't know, more something....

One of the major things that keeps me from turning into a bear is that the current financial system will eventually change/break.

The fiat system is flawed as governments/central banks around the world get SOMETHING for nothing (pretty much nothing except ink, printers, and paper)  Grin
hero member
Activity: 994
Merit: 1000
January 11, 2015, 05:02:07 PM
#19
I've seen Edward50 go bull. It was very short-lived, but he did it at least once. Tongue

If anyone can link to a post where Edward50 did go bull...that would be appreciated. Thanks in advance.

I am loathe to actually search through posts, but THIS one, I am very confident on. I wouldn't forget something like this, and I didn't. Wink
hero member
Activity: 742
Merit: 500
January 11, 2015, 05:00:44 PM
#18
So what do you mean as "perma-bears"?

People that were ALWAYS bearish on bitcoin?


I bought at $10-$12, started selling in december 2013 - january 2014 and after that started mostly trading the big moves since there was good margin trading, liquidity was a lot better and the big bubble was starting to burst (so no point in blindly holding)

I mostly shorted this 2014, being pretty bearish all year aside from the predictable big $450-$680 short-term reversal-megapump.

At this point I am what you would consider a perma-bear. I don't have much hope for bitcoin, mainly for reasons linked to its fundamentals.
As for the technicals, the trend is down until proven otherwise. If there are signs of a strong reversal I might buy or go long but I doubt.

Am I a perma-bear or not?

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 05:00:05 PM
#17
In my mind, a bitcoin perma bear is anyone who supposedly has been investing in bitcoin longer than 2-3 years now and still doesn't have jack of return to show for it.

This would be a good definition only I would use the timeframe of (all of bitcoin's price existence).
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
January 11, 2015, 04:59:37 PM
#16
Are there any out there?

I don't see that term being thrown around. But given bitcoin's price history is there really such a thing as being a perma bear?

Perhaps being a permabear with losing your stake in bitcoin with every spike you buy and fall you sell.  Cheesy

Ah, I certainly was too idealistic. I mean, I've made money- no doubt, for the amount I put int? Crazy. That said, I'm not rich and held on as I watched that price drop, and drop, and drop. It's gone so far, really I only hope it to hit low double digits so we can start everything all over again.

But this time without GOX, without Pirate, without shitty alt-coins, and just focus.

Not sure did you mean you are disappointed in the amount of money you made for the amount you put in? (Serious question).

The scammers are not going to go away just so we can "focus".

There will always be scammers in any market as there will be honest people as well.

That is just how the world is no matter what market you are in.

Oh I made money. I guess I wish I made MORE but then of course I would be talking like the game is over yet- and it's not. Bitcoin really taught me a lesson about greed however.

You're right about the scammers. Although I think maybe the next time around bitcoin is going to be out of 'our hands', if it isn't already. The past couple bubbles we sort of built ourselves, right here. The next time around I think we will probably mostly be on the sidelines as wallstreet molds it to the financial system's existing structure.

Just a bit nostalgic for the 'good old days' I guess when it still wasn't so serious and was more, I don't know, more something....
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 04:58:04 PM
#15
I don't see that term being thrown around.


Google gives 868 hits for permabear OR permabears, vs. 964 hits for permabull OR permabulls, for results from bitcointalk.org, but their numerical results are notoriously untrustworthy (mainly though once it crosses into the millions, so this one could be roughly accurate).

Seems about equal to me Cheesy

I didn't even think to google the term.

But as far as just browsing this forum really how many times do you see the term being used in relation to permabull?

1:10 ratio of you ask me.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 04:56:28 PM
#14
I've seen Edward50 go bull. It was very short-lived, but he did it at least once. Tongue

If anyone can link to a post where Edward50 did go bull...that would be appreciated. Thanks in advance.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 04:55:32 PM
#13
Are there any out there?

I don't see that term being thrown around. But given bitcoin's price history is there really such a thing as being a perma bear?

Perhaps being a permabear with losing your stake in bitcoin with every spike you buy and fall you sell.  Cheesy

Ah, I certainly was too idealistic. I mean, I've made money- no doubt, for the amount I put int? Crazy. That said, I'm not rich and held on as I watched that price drop, and drop, and drop. It's gone so far, really I only hope it to hit low double digits so we can start everything all over again.

But this time without GOX, without Pirate, without shitty alt-coins, and just focus.

Ahh, the trollbears got the best of you eh. If you really believe that, you should ask yourself if you maybe have become delusional.

If you profit...is it delusional when you realize gains?

I think not.
legendary
Activity: 3794
Merit: 5474
January 11, 2015, 04:55:10 PM
#12
In my mind, a bitcoin perma bear is anyone who supposedly has been investing in bitcoin longer than 2-3 years now and still doesn't have jack of return to show for it.
legendary
Activity: 1470
Merit: 1007
January 11, 2015, 04:54:47 PM
#11
I don't see that term being thrown around.


Google gives 868 hits for permabear OR permabears, vs. 964 hits for permabull OR permabulls, for results from bitcointalk.org, but their numerical results are notoriously untrustworthy (mainly though once it crosses into the millions, so this one could be roughly accurate).

Seems about equal to me Cheesy
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 04:54:45 PM
#10
Are there any out there?

I don't see that term being thrown around. But given bitcoin's price history is there really such a thing as being a perma bear?

Perhaps being a permabear with losing your stake in bitcoin with every spike you buy and fall you sell.  Cheesy

Ah, I certainly was too idealistic. I mean, I've made money- no doubt, for the amount I put int? Crazy. That said, I'm not rich and held on as I watched that price drop, and drop, and drop. It's gone so far, really I only hope it to hit low double digits so we can start everything all over again.

But this time without GOX, without Pirate, without shitty alt-coins, and just focus.

Not sure did you mean you are disappointed in the amount of money you made for the amount you put in? (Serious question).

The scammers are not going to go away just so we can "focus".

There will always be scammers in any market as there will be honest people as well.

That is just how the world is no matter what market you are in.
hero member
Activity: 994
Merit: 1000
January 11, 2015, 04:53:59 PM
#9
I've seen Edward50 go bull. It was very short-lived, but he did it at least once. Tongue
legendary
Activity: 2338
Merit: 1035
January 11, 2015, 04:53:28 PM
#8
Are there any out there?

I don't see that term being thrown around. But given bitcoin's price history is there really such a thing as being a perma bear?

Perhaps being a permabear with losing your stake in bitcoin with every spike you buy and fall you sell.  Cheesy

Ah, I certainly was too idealistic. I mean, I've made money- no doubt, for the amount I put int? Crazy. That said, I'm not rich and held on as I watched that price drop, and drop, and drop. It's gone so far, really I only hope it to hit low double digits so we can start everything all over again.

But this time without GOX, without Pirate, without shitty alt-coins, and just focus.

Ahh, the trollbears got the best of you eh. If you really believe that, you should ask yourself if you maybe have become delusional.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 04:52:54 PM
#7
So I guess this is a perma-bull thing now, remember the good ol' days that are long gone?

Nope not at all. The topic is PERMABEARS.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 11, 2015, 04:52:15 PM
#6
Edward50

He watched the price go from $2 to $1200 and is still trying to break even.

How is that even possible? Kinda feel for the guy but it's also pretty funny Grin

This guy ^ comes to mind when I think of the term "PermaBear".

Even Proudhon wasn't that bad.

From what I remember Edward50 was telling people to sell bitcoin at $2 in 2011 right?

Now on the down trend in price he is doing the same...

History repeating itself with the same guy?  Roll Eyes
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
January 11, 2015, 04:51:29 PM
#5
Are there any out there?

I don't see that term being thrown around. But given bitcoin's price history is there really such a thing as being a perma bear?

Perhaps being a permabear with losing your stake in bitcoin with every spike you buy and fall you sell.  Cheesy

Ah, I certainly was too idealistic. I mean, I've made money- no doubt, for the amount I put int? Crazy. That said, I'm not rich and held on as I watched that price drop, and drop, and drop. It's gone so far, really I only hope it to hit low double digits so we can start everything all over again.

But this time without GOX, without Pirate, without shitty alt-coins, and just focus.
hero member
Activity: 742
Merit: 500
January 11, 2015, 04:51:16 PM
#4
So I guess this is a perma-bull thing now, remember the good ol' days that are long gone?
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