The Bear Market is officially...OFF?!? - page 12.

Rampion

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Quote from: evolve on May 08, 2013, 06:06:34 PM

Quote from: Rampion on May 08, 2013, 06:03:12 PM

So you are shorting at plus500 or similar service? Or just hoping to buy back lower?

I am out of the market completely right now. I'll think about buying back in when the dust settles.

Ok, so hoping to buy back lower. Kinda of a bull disguised as a bear you too... But very well disguised, I have to say.

Anyhow: if you'd be so sure we are going down you'd be shorting.

evolve

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Quote from: Rampion on May 08, 2013, 06:03:12 PM

So you are shorting at plus500 or similar service? Or just hoping to buy back lower?

I am out of the market completely right now. I'll think about buying back in when the dust settles.

For now, I am happy with the profits I made from this bubble.

Rampion

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Quote from: evolve on May 08, 2013, 06:00:48 PM

Quote from: Rampion on May 08, 2013, 05:55:13 PM

I don't see all the doom and gloom Evolve sees.

Once you do, it'll be too late.

Just remember, people said all of this in 2011 too.

So you are shorting at plus500 or similar service? Or just hoping to buy back lower?

Trying to understand if you really put your money where your mouth is Wink

evolve

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Quote from: Rampion on May 08, 2013, 05:55:13 PM

I don't see all the doom and gloom Evolve sees.

Once you do, it'll be too late.

Just remember, people said all of this in 2011 too.

Quote from: Rampion on May 08, 2013, 05:53:31 PM

you take it from granted and ATM it's not so clear in my book. It may well be consolidation after a correction.

I'll be the first to admit that a consolidation back into a bull market is possible, I just don't think its probable.

Rampion

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Quote from: molecular on May 08, 2013, 05:51:28 PM

Quote from: adamstgBit on May 08, 2013, 05:45:59 PM

Quote from: evolve on May 08, 2013, 05:41:41 PM

Quote from: Rampion on May 08, 2013, 05:40:27 PM

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

no its greed Wink

Quote from: adamstgBit on May 08, 2013, 05:49:40 PM

Quote from: evolve on May 08, 2013, 05:46:58 PM

Quote from: adamstgBit on May 08, 2013, 05:45:59 PM

greed

No, thats what got us up to 266. We are just reaping the consequences of that greed now.

no fear got us up to 266

i know its confusing, but its true.

nice one adam. It's true to a large extent.

I completely agree. Just read the wall observer. All the bears are just bulls disguised as bears. Everybody wants back in, not a single rant about how the Bitcoin ponzi destroyed their savings. I don't see all the doom and gloom Evolve sees.

Rampion

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Quote from: evolve on May 08, 2013, 05:41:41 PM

Quote from: Rampion on May 08, 2013, 05:40:27 PM

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

We are having a very needed correction - but that's very different from a bear market. Growth we had in the last few weeks before the crash was pure speculative mania, and it was unsustainable.

Yeah, highs keep getting lower - that's expected. But bottoms keep getting higher too. We're reaching a tipping point, we will see if we enter a bear market or not, but you take it from granted and ATM it's not so clear in my book. It may well be consolidation after a correction.

A lot of money poured into Gox, and look at their order book: the money is not running away for now. And mainstream media is still very positive about Bitcoin, which is another huge difference compared to 2011.

evolve

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Quote from: SAQ on May 08, 2013, 05:38:10 PM

I think we just had a very much needed correction and are now consolidating for the next deflationary move.

I disagree, but we should know for sure within the next couple of days if this is true.

molecular

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Quote from: adamstgBit on May 08, 2013, 05:45:59 PM

Quote from: evolve on May 08, 2013, 05:41:41 PM

Quote from: Rampion on May 08, 2013, 05:40:27 PM

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

no its greed Wink

Quote from: adamstgBit on May 08, 2013, 05:49:40 PM

Quote from: evolve on May 08, 2013, 05:46:58 PM

Quote from: adamstgBit on May 08, 2013, 05:45:59 PM

greed

No, thats what got us up to 266. We are just reaping the consequences of that greed now.

no fear got us up to 266

i know its confusing, but its true.

nice one adam. It's true to a large extent.

adamstgBit

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Quote from: evolve on May 08, 2013, 05:46:58 PM

Quote from: adamstgBit on May 08, 2013, 05:45:59 PM

greed

No, thats what got us up to 266. We are just reaping the consequences of that greed now.

no fear got us up to 266

i know its confusing, but its true.

evolve

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Quote from: adamstgBit on May 08, 2013, 05:45:59 PM

greed

No, thats what got us up to 266. We are reaping the consequences of that greed now.

adamstgBit

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Quote from: evolve on May 08, 2013, 05:41:41 PM

Quote from: Rampion on May 08, 2013, 05:40:27 PM

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

no its greed Wink

evolve

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Quote from: Rampion on May 08, 2013, 05:40:27 PM

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

Rampion

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Quote from: evolve on May 08, 2013, 05:24:55 PM

Quote from: notme on May 08, 2013, 05:23:16 PM

Where is the "widespread pessimism"? Other than this thread and your posts I'm not seeing much.

Read the thread. This has already been gone over.

There's no widespread pessimism among traders. Everyone short is looking for the best entry point. They want to buy back. No one is screaming "PONZI!!" like in 2011. And there are now $20M sitting in Gox's order book, which is very close to ATH.

Sure, delusional greed faded away. No more "I have to buy more now or I'm missing the train", no more people stampeding to get their money to the exchange. But even if a bear market might be expected, is nowhere to be seen.

evolve

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Quote from: SAQ on May 08, 2013, 05:38:10 PM

We certainly had a correction, but a bear market does require lower lows as the market becomes increasingly pessimistic. I don't think, after the jump from 50, anyone realistically expects the price to reach 50 again. Even 70 has tremendous support and the last time we could not get past 97.

Testing 50 again is much more likely than 150 or 266 IMO. Trading over 120 for a sigificant amount of time would be surprising at this point.

SAQ

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Well' I enjoyed reading this last discussion.

We certainly had a correction, but a bear market does require lower lows as the market becomes increasingly pessimistic. I don't think, after the jump from 50, anyone realistically expects the price to reach 50 again. Even 70 has tremendous support and the last time we could not get past 97.

So, although previously I thought this might go the 2011 way, considering the above, I think we just had a very much needed correction and are now consolidating for the next deflationary move.

molecular

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Quote from: smoothie on May 08, 2013, 05:30:10 PM

Can you two get a room and hash out your bull bear differences? lol Tongue

that's what we're doing, you dirty little voyeur, you!

evolve

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2nd post on this page

Quote from: evolve on May 08, 2013, 02:42:31 PM

The fact that the highs are dropping shows the increasing pessimism. The highs aren't going up because people don't believe that they can sell them for as high of a price as they could last month. In other words, the price that people think they can sell bitcoins for is going down, so people will only buy back in at a lower price.

The market itself reflects investor pessimism.

molecular

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Quote from: evolve on May 08, 2013, 05:24:55 PM

Quote from: notme on May 08, 2013, 05:23:16 PM

Where is the "widespread pessimism"? Other than this thread and your posts I'm not seeing much.

Read the thread. This has already been gone over.

Yes, you pointed to the ultra-bullish times and said now there are is less bull talk. Not convincing.

smoothie

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Can you two get a room and hash out your bull bear differences? lol Tongue

evolve

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Quote from: molecular on May 08, 2013, 05:28:30 PM

Let's see again in a month or two.

Agreed.

Topic: The Bear Market is officially...OFF?!? - page 12. (Read 29279 times)