Too soon. The slide will be longer. There will be at least a couple of epic bull traps in the way down.

Buying during a bubble deflation was a poor choice. Acknowledging the mistake and cutting losses is a good choice if your goal is to buy as many coins as possible with your fiat. Being in denial makes the mistake worst.

$78ish seeks an excellent place to sell those coins, now that you still can

Nice trap is expected. Not for the faint of heart.

No, it didn't change a bit. Seriously.

Still way to go before despair and capitulation.

Be happy, great buying opportunity approaching, more coins for your fiat, that's a lucky event if you see it with the eyes of a true believer.

Plus, Bitcoin needs to be undervalued before a positive cycle can be resumed consistently. Just remember it was traded at $13 in January, and remember the reasons why it skyrocketed in the first place.

There was no support whatsoever at $79, that's a pretty big wake up call for the "this might be a correction" crew.

I guess we will have some nice action in the $50s, but the more they'll approach the more the doubt will grow in the market subconscious: will it hold?

Here we go $79

You really see panic? I didn't see much panic. But I'm expecting it soonish.

That beautiful moment in which we touch the 200 daily EMA

If you invested long term, you are obviously bullish long term, and the speculation subforums are kinda useless for you.

If you are trading, its kinda counterproductive being a bull during an obvious bear market. Trading against the trend hurts your portfolio. Basic math.

Smallish BID filled at 62ish EUR, sold at 63.9x, +1% profit and now no more catching knives till the '$70s.

The bears in here are so bullish that love to see how their dirty fiat can buy more coins for them, day after day.

We may be coming out from the "return to normal"/denial phase to slowly entering fear. I can start to smell it. People believing (or should we say hoping?) the Winkletards S-1 will take BTC to da moon. Over emotionality on reddit and these subforums. Noobs flaming bears. Noobs starting threads about how they bought over $100 and "will hold forever".

Those guys are usually those that panic sell when they see their investment decimated, and that's usually the very bottom. They will hold a little more and they will be deluded by each and every bull trap.

Estafa como tal probablemente no, pero seguro que mala práxis comercial sí. Hay información engañosa por doquier, como lo de hacer las cuentas de lo que generaría la máquina hoy.

Esa info o no la das y que cada uno se responsabilice de informarse o haces unos cálculos posibles, no sueltas ahí un cálculo de retorno potencial en BTC que sabes que no va a ocurrir en ningún caso. Eso es querer ver si algún desinformado paga mas de la cuenta llevado a engaño por unos cálculos que ni entiende.

Normal que la gente se lo haga notar si cuelga el anuncio aquí.

Obviously denial. Fear is coming.

FUD? Did anything I wrote caused Fear, Uncertainity and Doubt in you? Well, you are really faint hearted then.

Winkle-evil's Bitcoin ETF is just a laughable attempt at market making. ETFs are a "normal" tool for speculative manipulation, especially ETFs related to physical commodities. JP Morgan has been using its tricks to heavily manipulate the silver market for years. Everybody in silver is bitching about them, but now if the Winkle-evil's do the same thing in BTC everyone cheers them because that will very possibly increase the BTC price in the short term, which is the only thing most of people in here cares about.

The Winkle-evil's shares are just worthless pieces of paper. Nobody sane would believe he is holding any Bitcoins by owning their shares. There's no way to redeem those shares for blockchain BTC, right?

BTW, Kazu says ETFs are a "bundle"... What are the Winkle-evil's bundling together? Nothing. He says that "they are legally obligated" not to scam. Yeah, like everybody else, still these are tools used for fools to be parted with their money on a recurrent basis.

As I said earlier, I won't be touching their toilet paper with a bargepole, but still I believe their eventual success would be bullish for the BTC/USD exchange rate. It would add liquidity for sure, but on the other side also a powerful manipulation tool.

I can feel the dump approaching...

Everything points to a bubble deflating and not to a correction. The "correction" case is still remotely possible, but it gets weaker and weaker each day that passes.

I'm not 100% sure about the market, nobody can be. But I know that statistically there are much more chances for the price to go down mid term, than to go up. This is how the post-bubble plays out 99% of the times (and the 1% that didn't it was because it was not a bubble in the first instance), and for those arguing that the run-up from $20ish to $266 was not a bubble I have a lot of counter-arguments (primarily based in common sense and logic) about how we indeed witnessed a speculative mania phase that led to a spectacular bubble.

Now, BTC is following a consistent downwards trend since April, 10th, full of bull traps and sucker rallies, but a consistent downwards trend nevertheless. I just see the trend and I do not fight it.

I perfectly understand what an ETF is and how it works.

It's garbage, a worthless piece of paper, one of those "financial products" or "derivatives" that add nothing meaningful to the economy.

If you hold your private keys, you are holding the real thing. You can redeem them everywhere, no matter what. Bitcoins was born to be a trust-free, decentralized system to transfer and store value, and you have no need to trust the Winkle-evils to hold on your Bitcoins. How do you know that they are not issuing more shares than Bitcoin they hold? How do you know they won't file bankruptcy? How do you know you will be able to redeem the value their pieces of paper are supposed to have? How do you know their Bitcoins will not be stolen?

You don't know, you just buy a piece of paper that represents some Bitcoins that supposedly a third party is holding for you. Wow, genius, I guess Satoshi created Bitcoin precisely because he was in deep love with these amazing "financial products" based on promises that spread so much wealth between people. How could we survive without them?

It's just another form of debt, and thus essentially a scam. Everybody should man up and hold onto the real thing and throw away that useless paper issued by some guys who have never done anything in their lives (except suing Facebook, what genius entrepreneurs they are).

That said, these could be bullish news if the retard twins succeed. A scam, but bullish for BTC exchange rate. Just do not forget that these derivative crap has messed up the whole economy. I know for sure I won't touch one of those toilet papers with a bargepole.

A nice scam.

I paid by BTC.