I'm kind of puzzled here as vast majority of topics and their replies here is about holding btc no matter what happens. We are well into the bear market but still speculation haven't changed at all from the bullish sentiment. Clearly this forum does not contain complete crosscut of bitcoin investors/traders as opinions are so optimistic and hardly anybody implies that they might be selling and trying to buy them back closer to the bottom where ever that is. I just wonder what it takes to change sentiment here to correspond better with the market's sentiment?
What I have seen in dotcom bubble and 2008 sub prime crisis is that the sentiment starts to change no sooner than we go to a full despair and nobody anymore believes in the markets and hardly any positive sayings are heard from people. Usually pessimistic argumentation kicks in quite fast once the bullish sentiment turns into a bearish one. More optimistic argumentation starts to show up again after some lag once reversal happens.
Where are all the people here who clearly bet or have been betting for bearish movement? Clearly there is more pressure to sell off than buy more as price is declining week after week. If people would follow prevalent consensus here there should be strong demand for the btc as now is the time to buy more or jump in if you missed the first huge pump.
