Topic: What I've noticed over the last year of downtrend (Read 1952 times)
This is only my hunch but I think the bottom is in.. however on the way up I'm sure bears will get their moments too.
One could use the same logic against you. Since in 2011 and 2013 bitcoin recovered from crashes and surpassed the previous ATHs, now you think that any crash is just a correction before a new ATH 
Last time I tweeted about BTC I was wrong to be bearish short term, but in the longer picture not much has changed.
This "recovery" looks as fake as you can get, but still, it could even go higher for all I know.
Just look for the long term resistance since the ATH, sitting at around $330-$360.
Reasons to think this is not a reversal but a fake recovey:
1. Decreasing volume since the $150 bottom, in a true reversal it would be the opposite.
2. Bid sum on all exchanges is still low AF.
Serious increases in bid sum have always been correlated/be able to predict uptrends since forever in BTC, especially reversals.
No obvious signs that insane amounts of fiat are flowing in exchanges = no sustainable uptrend.
Last time I tweeted about BTC I was wrong to be bearish short term, but in the longer picture not much has changed.
This "recovery" looks as fake as you can get, but still, it could even go higher for all I know.
Just look for the long term resistance since the ATH, sitting at around $330-$360.
Reasons to think this is not a reversal but a fake recovey:
1. Decreasing volume since the $150 bottom, in a true reversal it would be the opposite.
2. Bid sum on all exchanges is still low AF.
Serious increases in bid sum have always been correlated/be able to predict uptrends since forever in BTC, especially reversals.
No obvious signs that insane amounts of fiat are flowing in exchanges = no sustainable uptrend.
Im with you here.. The uptrend has started... I'm not missing this train!
"His name was Robert Paulson. His name was Robert Paulson."
2014 brought ways to better short Bitcoin, like for example Bitfinex. That way people were able to make money out of falling prices, I believe this put even more pressure on the price and there wasn't such a big incentive for wanting Bitcoin to go up.
Seriously ? Bitscam is down 80% yoy, and you'r still at it ? Only a complete shmuck at this point, would go for that snake oil dont miss the boat crap. You said the same fear-mongering nonsense at 1000, 800, 600, 400, etc. There's no reason why btc cant crash to sub 100 and stay there for years. It could also get pumped to back up to 700 before getting dumped again. One thing im certain of, there will be no 5K (or whatever crazy figure you cultists come up with) anytime soon, if ever. It's threads like this that tell me 152 is not the low, we'll hit new lows later this year.
If you know the future prices why aren't you rich with bitcoins? Seriously ? Bitscam is down 80% yoy, and you'r still at it ? Only a complete shmuck at this point, would go for that snake oil dont miss the boat crap. You said the same fear-mongering nonsense at 1000, 800, 600, 400, etc. There's no reason why btc cant crash to sub 100 and stay there for years. It could also get pumped to back up to 700 before getting dumped again. One thing im certain of, there will be no 5K (or whatever crazy figure you cultists come up with) anytime soon, if ever. It's threads like this that tell me 152 is not the low, we'll hit new lows later this year.
you wanna see a scam?
there it is:
http://www.tradingeconomics.com/embed/?s=unitedstamonsupm1&d1=20000101&d2=20151231&h=300&w=600&ref=/united-states/money-supply-m1
you can ignore reality all you want, eventually it'll hit you over the head.
abandon the fiat titanic or go down with everyone else, your call...
Seriously ? Bitscam is down 80% yoy, and you'r still at it ? Only a complete shmuck at this point, would go for that snake oil dont miss the boat crap. You said the same fear-mongering nonsense at 1000, 800, 600, 400, etc. There's no reason why btc cant crash to sub 100 and stay there for years. It could also get pumped to back up to 700 before getting dumped again. One thing im certain of, there will be no 5K (or whatever crazy figure you cultists come up with) anytime soon, if ever. It's threads like this that tell me 152 is not the low, we'll hit new lows later this year.
Um your premise is based on a time frame of 1 year.
Let's not use tunnel vision to look at how things really are....
Let me define a new acronym called D.O.D. (Decade over Decade) and apply it to bitcoin...
looks like 10 years ago bitcoin was $0
Today it is $274
..looks like a really good investment to me.
Seriously ? Bitscam is down 80% yoy, and you'r still at it ? Only a complete shmuck at this point, would go for that snake oil dont miss the boat crap. You said the same fear-mongering nonsense at 1000, 800, 600, 400, etc. There's no reason why btc cant crash to sub 100 and stay there for years. It could also get pumped to back up to 700 before getting dumped again. One thing im certain of, there will be no 5K (or whatever crazy figure you cultists come up with) anytime soon, if ever. It's threads like this that tell me 152 is not the low, we'll hit new lows later this year.
I was told to wait since $740, now they celebrate for sub $300..
http://i60.tinypic.com/28m1k43.jpg
Seriously ? Bitscam is down 80% yoy, and you'r still at it ? Only a complete shmuck at this point, would go for that snake oil dont miss the boat crap. You said the same fear-mongering nonsense at 1000, 800, 600, 400, etc. There's no reason why btc cant crash to sub 100 and stay there for years. It could also get pumped to back up to 700 before getting dumped again. One thing im certain of, there will be no 5K (or whatever crazy figure you cultists come up with) anytime soon, if ever. It's threads like this that tell me 152 is not the low, we'll hit new lows later this year.
Well, I have always thought whales were the people who got in early into the bitcoin train. So there are already millionaires from it. I doubt they would regret much even if the price goes up by much.
It's crazy how effective all the downward pressure was over the last year. It got everyone thinking that every rise is a pump and dump. At most some traders will ride the price up for a bit and then bail when they think it is turning around. The whales are going to notice when they are the only ones on the train and they will take off without any passengers, leaving all the profits to themselves. All the ones that bailed will have to buy back in at a loss only adding fuel to the train when it's momentum is already unstoppable. Just ask yourself, do you want to be on the train or left chasing it because you were more or less brainwashed?
Will this be another pump and dump? I don't know, I'm not in the inner circle, but I know I won't be left behind by buying and holding.
Will this be another pump and dump? I don't know, I'm not in the inner circle, but I know I won't be left behind by buying and holding.
Jump to: