$340 is a great fucking price to buy in at
I seriously doubt we gonna see it again
Topic: Survey time! Was 340 the final bottom? - page 5. (Read 4493 times)
This could be a beartrap, look at the charts...
In 2011, after the first major bubble, the price went from $35 to $2. The corresponding drop from the peak of $1,200 would be $68.57, but it's likely that the trough will be higher this time due to more widespread knowledge of cryptocurrencies.
You get the idea. After visiting 63 USD (stamp) in July 2013, we never went that low again (cough except for gox traders of course, who got near). Which makes it the bottom of the previous post-ATH downtrend. What about 340 yesterday? Bottom or not?
In case you wonder, I'm asking the question not because I believe it can tell us much about the future (i.e. I'm not trying to gauge this mythical "sentiment" that supposedly tells us when a correction is over), but because I'd like to come back to this poll during the *next* bubble. Think of it as an amusing little experiment that we can look at again in a year or two, and draw some conclusions then perhaps.
EDIT: btw, I will lock the poll after 24h, so we get a proper snapshot of the sentiment immediately after the drop.
EDIT 2: poll is locked now.
We went from a ratio slightly above 2:1 in favor of "it was the bottom" to slightly below 2:1 now. A pretty clear signal that the forum thinks the bottom is in.
I plan to ask this question again in the future during the next bottom (whenever that may be), and ultimately make it a series of polls... the plan is that maybe we are getting some interesting information about the relationship between forum sentiment and market action
Final EDIT: For some reason it seems that, once the poll is locked, others can't view the results anymore... so here's a screencap of the final result:
In case you wonder, I'm asking the question not because I believe it can tell us much about the future (i.e. I'm not trying to gauge this mythical "sentiment" that supposedly tells us when a correction is over), but because I'd like to come back to this poll during the *next* bubble. Think of it as an amusing little experiment that we can look at again in a year or two, and draw some conclusions then perhaps.
EDIT: btw, I will lock the poll after 24h, so we get a proper snapshot of the sentiment immediately after the drop.
EDIT 2: poll is locked now.
We went from a ratio slightly above 2:1 in favor of "it was the bottom" to slightly below 2:1 now. A pretty clear signal that the forum thinks the bottom is in.
I plan to ask this question again in the future during the next bottom (whenever that may be), and ultimately make it a series of polls... the plan is that maybe we are getting some interesting information about the relationship between forum sentiment and market action
Final EDIT: For some reason it seems that, once the poll is locked, others can't view the results anymore... so here's a screencap of the final result:
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