Bitcoin Forum

Back in April most of the posters I considered "low-caliber" were bulls, and it got me a bit worried to be in such company. What do you think now?

Note 1 : Of course post quality is rather subjective. Feel free to answer subjectively :)

Note 2: I'm not asking the reverse. That is, I'm not asking whether it is the bulls or the bears who are idiots. I'm talking only about posters you find useless: what is their predominant position. For example, you could vote that the lamest posters are all bulls (or bears), but still legitimately maintain that there are many insightful, intelligent, articulate bulls/bears.

Please do not name names. Everyone has to start somewhere on the learning curve. The point of this is strictly for market insight.

Ignore.

Having been here a while, there are a few movers and shakers to whom I'll pay attention when they talk, everyone else is green until demonstrated otherwise. At the time of writing there are only two posts of any note on the first page of the forum view.

Oh I only respect dead cats. All other forms of animals is FUD

I'd say it's both sides of the spectrum. There are people who'll see a minor uptick that lasts for an hour and loudly proclaim that we'll be going to $1000/BTC in two days, while others are saying that BTC will most certainly go to 10000BTC/pizza again. And then there's Jaroslaw.

 :D

Bears around here can appear more trollish, but the crazy cult mentality of some of the bulls takes the cake. Still plenty of this around. Someone speculates about price drop, and then, "but bitcoin is the future! This is a revolution! Just buy!"

Looks like a perfectly even split so far. Perhaps this means dumb people are just dumb. Or maybe it means the market will level out from here, settling at around $75 for a while.

And next week it'll settle a little lower. 2011 we had a spike and a slide, and in 2013 we had a spike, and now a slide. And they're both for pretty much the same reasons, over investments.

People seeing the high prices (266?) dump a lot of cash into new mining gear... 2011 it was GPU's, 2013 it's ASIC's, and then need to liquify some of the BTC to pay for overhead, pressing the price downwards.

I dont even know what bears are doing in bitcoin community. They are riding on the other backs to earn free money because not only they are not helping to grow bitcoin economy but they are spreading fud around so they direction is right. If they dont believe in bitcoin and think its price is too high and will crash for sure then wtf they are doing here at all.

We are here to extract dollars out of this scheme. That's why it's called the great dollar extraction.
For each successful trade I make there has to be some bull putting money into the system to compensate or the price goes down a bit.

What also has to be strictly distinguished if you want the price to go in a particular direction or if you think it is going to. What you describe is somebody who wants the price to go down, which isn't necessarily bearish.
Bearish is if you think the price will go down, what you want to happen isn't relevant.

This is not a bull community.
And as you can see, most of the dumbass are bullish according to the poll  ::)

Say what? At present the score is:

bullish - 17 votes

bearish - 23 votes

neutral - 18 votes

At first it was about even but the bears appear to be pulling away.

How many of those extra six votes are actually due to one obnoxious bear troll though?

THIS, all day long brother!

As a trader, I am Bearish because it can't go up in a straight line. It went up too far, too fast. And this correction was long overdue.
Long term, I am a Bitcoin Bull. No doubt about that. Or I wouldn't have been here for 2½ years, and I wouldn't have 50% of my holdings offline.

We aren't "riding on others' backs, getting free money". What many of us do takes time, skill, patience, and discipline to make the piles money we make. I should say the same about the perma-Bulls around here. They ride on the backs of the newcomers, hoping for some other sucker to take them "To da moooon". Ups and downs come with the territory in financial markets. So, to say Bears are just FUDing shit up is just plain ignorant.

Get your emotion out of your investments, learn how markets work, and profit from it! Simple!

It is exactly this kind of thing that made me vote for why Bears are irritating.

Over-optimism is one thing. Lying and FUD are quite another.

Wow, you really managed to really make yourself look like a dumbass now, didn't you.

There appears to be a slight intellectual advantage to the bears. Among the bulls, there is the "just because" crowd who just screams without any justification or explanation. The bears at least try to rationalize and support their pre-decided position.

Who was lying? Having an opinion about direction is not FUD or lying

The results of this poll are not open to "opinion on direction". They are simple facts. The results were strongly skewed towards bears when he posted, and they still are.

Fair enough! I thought you were talking about bears and their reasoning in general. Thanks for clarification!

Whoops, reading comprehension escapes me sometimes!

People that annoy me are those that dismiss and ignore my arguments and cost a fortune when following them:

1. Permabulls: they are always bullish, when prices are relatively low but also when prices are relatively high. Try to explain them that you just lost -50% of your investment in bitcoins now that price dropped from $200 to below $100 and see how they respond ... Likely you will get no understanding or sympathy from them for your loss. Instead they will deny reality 'you didn't really lose because ...' / remind you of past success 'I'm still up in total', and/or level up 'buy more!'. If bitcoin fails you will lose all your hard earned money with their strategy but if bitcoin succeeds they will become rich so as long as you always follow them, in ups and downs, and always hold and buy more it will likely work out but it will not be easy. Since their strategy will lead to devastating losses from time to time, and they will deny this reality, it is tempting to let go of them once a bear market is in full force making you an easy victim to:

2. Pigs: those that are bullish when prices are relatively high and bearish when prices are relatively low. Yes, you are one of them if you were bullish around $200 and bearish now that price is below $100! Pigs get slaughtered so following them is a recipe for disaster.

3. Trolls: Those that try to influence the market by spamming the board with their bullish/bearish outlook.


Note that some of them are not in denial and recognize they are acting like permabulls, pigs or trolls. I like those and feel a desire to help them. It's those that are in denial or straight out lie about their many errors that irritate me.

That being said this is the most exciting board I have ever attended. I find many interesting and diverse opinions here from rational and kind people with sometimes even strong economic and investment backgrounds. Regularly I read someone's whole post history.

Is there a way to bookmark a certain user via the forum?

Could you elaborate on the bolded? What analysis are you using to determine that those who think bitcoin is overvalued anywhere below $100 are wrong... let alone pigs? $100-200 seems like a very arbitrary range -- I see no basis for it.

I don't think people that are bearish today are Pigs. I'm bearish myself today but do not consider myself a pig because I was even more bearish when price was around $200, and shared this also with the forum. I helped people lock in profits whereas pigs worked against people locking in profits when it mattered most.

(The numbers $200 and $100 are indeed arbitrarily chosen to give an example of a high price and considerably lower price.)

Here on speculation forum, a couple of most intelligent people have recently been bears.
The most devoted and intelligent long-term bulls are not here, they are out there doing stuff, coding, promoting, etc.
What has irritates me particularly are the guys that say, like, "it will go down tomorrow, you moron!", or, "you stupid bear, sell now and regret forever!"

I wouldn't call someone who has been a bull the whole way down from $266 to $90 and only now turned a bear 'most intelligent'. Maybe they are intelligent but not on the speculation front in my book as they just lost more than -50% of their investment.

For some reason the ones that irritate you do not bother me that much. Their position is obviously undeveloped, I don't even finish reading their sentence. It's the ones that write more intelligently that are a danger to my finances: the high ranked permabulls and pigs.

anyone who says theyre a perma bull is lying. anyone who says they are a perma bear is a liar.   nothing goes up forever.  nothing goes down forever.  the market dictates if you're feeling bullish/bearish. if you have enough fiat or btc to swing the market, youre not a bull or a bear ; youre a manipulator.

I could name a few names on the perma Bull side (probably Bears too), but due to this:


I won't :D

i dont understand how this post has anything to do with speculation

It's a stab at a possibly useful indicator.

So is your general tone an excretion of opinion, or manipulation?