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Title: Bitcoin must be hated by noobs in order to end the bear market? Post by: cellard on September 08, 2018, 07:41:15 PM Maybe the bear market will continue until we have everyone that came after 2016 hating Bitcoin. At $6k the price is still good enough for most noobs to not hate it, I think we may need to go deeper until noobs become insane at low prices and are demoralized out of the game.
We also need some CNBC opportunist like Mike Novogratz giving up. Or Vinny Lingham, someone big giving up, sort of Mike Hearn style. These moments are the defining points of the end of a bear market, when someone goes stupidly pessimistic big time and all the noobs with no notions on the fundamentals of Bitcoin give up and call it dead. The question is, how low it will go before that happens, and will it happen, or the bottom has already been set and we are now in denial about it? Title: Re: Bitcoin must be hated by noobs in order to end the bear market? Post by: LeGaulois on September 08, 2018, 07:59:14 PM The noobs will come back as soon the price goes up again. And if you think about here, they will always be here as long there are dollars to earn.
Man, I subscribed this week to CNBC channel (it was just 1$ per month) They don't stop to talk about Bitcoin and cryptocurrency. This afternoon I even got tired to listen to them talking about Bitcoin. The only entertaining thing was the lady |