It's funny. I've been one of the biggest bulls on here the last few weeks. Now, I look at the poll in this thread and see over 90% bulls.
Am I really one of the few that is feeling a little bearish right now?
I agree, if we flatline for a few weeks, I will expect an explosion right before heading into the new year.
But I must admit, I don't have full confidence this market doesn't want to try another sell off in the next few days or this coming weekend.
I just can't imagine that we are going to have a better bitcoin news month than the last month for at least a while. I mean Bitcoin was everywhere. But soon Christmas is going to be everywhere. And people are not as likely to hassel about investments going into the holidays.
Of course, maybe the sellers are happy just holding now. Letting the buyers catch their breath before we head north again. But, to me, it kinda feels like this rally might be over.
Am I really one of the few that is feeling a little bearish right now?
I agree, if we flatline for a few weeks, I will expect an explosion right before heading into the new year.
But I must admit, I don't have full confidence this market doesn't want to try another sell off in the next few days or this coming weekend.
I just can't imagine that we are going to have a better bitcoin news month than the last month for at least a while. I mean Bitcoin was everywhere. But soon Christmas is going to be everywhere. And people are not as likely to hassel about investments going into the holidays.
Of course, maybe the sellers are happy just holding now. Letting the buyers catch their breath before we head north again. But, to me, it kinda feels like this rally might be over.
Please disclose your position. My guess is that you sold, and you are now talking bearishly because you are wanting to buy back lower. There is no indication that we will crash from here. People that heard about bitcoin through the media of the last month are only now starting to be fully verified and able to get money in. There may be more sell offs, though I would imagine that a lot of those who really wanted to cash out have done so. This "bubble" is quite different than the last ones. These last two sell offs were great for cooling the market off. We needed the train to slow, or we would be headed for serious trouble. The more new money that is parked in bids rather than panic market buying, the better off we are.
My position is hold. In fact I'm currently investing a little addition fiat in alt currencies as high risk speculation. But as for BTC, I'm a long term hold.
PLEASE read my post history. I have been a huge bull.
But my gut instincts say we may not be going to new highs this time. We will see soon enough.
whether we see new highs or not is incumbent on news and development of BTC, which no one can accurately predict. if nothing big happens in the upcoming weeks, some holders might decide to let go.
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