Dead Cat Bounce.
Oh, and expect everyone to tell you the opposite of what they really think, in a vain attempt to steer you in a direction that they believe will benefit them.
Topic: Recovery or bull trap? - page 2. (Read 6453 times)
Definitely recovery, but probably not a stable one!
We are in a picture-book bull trap right now.
I agree, not sure on timings though. Up to a couple of days i guess. What are your views?
There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
Make your choice.
I already did, and it's Bitcoin.
I like speculating and playing with the markets though...
Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
I'd hope for the first but I'm still confused...
This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it.
I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall.
Thanks! It's what I think I'll do
The sentiment about Bitcoin is positive from what I see, though
The positive sentiment is what scares me.
We are in a picture-book bull trap right now.
depends on what happens next. If you're convinced of it being a bulltrap, sell your coins? :-)
We are in a picture-book bull trap right now.
There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
Make your choice.
I already did, and it's Bitcoin.
I like speculating and playing with the markets though...
Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
I'd hope for the first but I'm still confused...
This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it.
I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall.
Thanks! It's what I think I'll do
The sentiment about Bitcoin is positive from what I see, though
We got world press attention remember. How the press takes this second DDos / crash will have a lot to say about market adoption speed in the near future. Stunt's like this need to be dealt with publicly the following days!
It's no longer fun and games!
It's no longer fun and games!
When you look back in a few weeks while we're sitting at $500/BTC you'll see that we just left a bear trap.
I have yet to see a bull trap in bitcoin, looking back at the past 4 years it looks like one big bear trap :-)
im just happy i had a buy order set at $190 
a couple days ago
a couple days ago
What if it was a bear trap?
There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
Make your choice.
Only time will tell.
Never being in with what one couldn't afford to lose in the first place, combined with never selling bitcoin for fiat, is a strategy that has worked OK for me so far. It mightn't be the perfect equity strategy, but it mitigates most of the market volatility risk.
Never being in with what one couldn't afford to lose in the first place, combined with never selling bitcoin for fiat, is a strategy that has worked OK for me so far. It mightn't be the perfect equity strategy, but it mitigates most of the market volatility risk.
Recovery. 
Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
I'd hope for the first but I'm still confused...
This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it.
I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall.
make a vote out of it!
Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
I'd hope for the first but I'm still confused...
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