Translation: "I have run out of any legitimate arguments in the face of overwhelming evidence, and instead will resort to fox news style spin of those negatives."
I'm not sure what language you speak, but it can't be English if you believe those are accurate translations.
Again, what "overwhelming evidence"? The price has dropped a lot and so therefore must continue? Nice one, brainbox! I'm so overwhelmed I almost can't bring myself to fin
The "evidence" the bears have been pointing to unisono is the pattern one can see on the 3 month chart. 3 x lower highs and 2 x lower lows. The idea is that this pattern will continue and next we'll see a lower low (<$67). One can even find similarities within the patterns and the predictive method used is extrapolation of the pattern.
I'm not ruling out a lower low. One would probably put it at $50 and incidentally we would then have reached the post-bubble low for a second time putting in a double bottom with extremely high volume and huge probability of a bounce there.
There would then (during the bounce back up) be talk of both reversal and bull trap / dead cat bounces.
If we subsequently break $50 after that, there will be the long-awaited capitulation. Bulls will be broken and people who didn't sell substantially post-bubble would start considering it and some will. People will leave the forums pissed off at this scam that is bitcoin and media will start some negative talk. There would be long squeezes of leveraged bulls who fell for the trap and downward accelleration. Raw irrational panic. People who were waiting for cheap coins will still be waiting, infected by the fear and panic and shocked their bearish dreams came true. They would
not buy until things turn around substantially. Many coins would change hands at the real bottom, however, and this is when real money is made and lost.
I hope the bears are happy about me describing this fantasy. Again: I don't rule it out, but neither should the bears rule out the possibility we won't put in a new low below $67 and just sneak slowly sideways/up helped by good fundamentals.
There's no "evidence staring us in the eye". Noone knows, everyone believes.
Good post, but I would add that it isn't just the
current chart which is bearish; there is a common theme to all bubbles.
Bubbles are essentially malinvestment, fuelled by irrational hype/panic, which pushes the price way beyond where the fundamentals would otherwise leave it. Whether it is tulips, shares, houses or Bitcoins, it doesn't really make much difference. Those who are bearish in the short/medium term are likely scholars of the many previous bubbles which are littered throughout history.
Ofc, the trick is knowing where the price forms a floor. How much more is Bitcoin worth now than January, when the bubble started forming? Considering it was about $15, is it worth twice that now? 3 times that much? More? How much has changed since January to justify this?
If the answer is 'not a lot', then don't be surprised to see the price continue to tumble. Personally, I think Bitcoin has gathered more momentum and it has survived another dangerous bubble. I'm unconvinced that it is worth more than 6 times what it was just 8 months ago though - maybe 2-4 as a gut feeling, though.
bitcoin 
