Mmmh, here's the old overconfidence again: "No way this will go back lower than $270". "Only way from here is up.". "$400 later today" ... and so on.
No, don't reduce this to position talk, I'm still long. But we're getting near the next period again in here, and not
that much to show for it so far. I wish this market could ever rise in a more controlled fashion. Probably impossible though
The market is running in a controlled fashion. The thing here is, that the majority sentiment isn't in control. There aren't a lot of those people who are in control of this market, but those who are, know how to play it to earn more. That's why market movement could seem so chaotic and out of control to an outsider. The best speculators in the bitcoin market are mostly educated, experienced, funded and ready to use tricks like pay to the exchanges for crucial insider information. Most of the regular folks, who try to find a fortune with bitcoin, are totally outclassed in this game. This game isn't built to fill the pockets of people anymore then casinos are. This game is built to show illusions of lucky fortunes, while emptying the pockets of the dreamers.
There is a chance to earn money with this game in the long run, but then you shouldn't play the game like it should be played.
