The bears are the ones who sold their coins and are waiting for it to go down.

The bulls are ones who have the coins and are hoping it to go up.

The funny thing is that neither bulls nor bears are in the position to influence the market to their desired direction (because they already made their own move). The success of either is dependent on how to make the other one fold. The forum (incorrectly) constantly talks about bulls buying and bears selling, which is not the case. An upward action is bear running to cover (unless it's virgin buying) and downward action is bulls panicking.

It is generally better to be bull, because the new money raises price on average 24% per month, which is really a lot.

When price has risen to much higher than the trend, however, it may be advantageous to be a bear. From now I will have 3 months to buy back at trendline at a wash, or up to 100% gain. Any number of negative things can happen meanwhile, short-term reducing the price, and my buyback method catches flashcrashes also.

The only thing I don't like with being a bear is that posting in the forum is not fun anymore. If I am right, everyone who lost their shirt is bitter at me (I am very good in explaining how right I was ). If I am wrong, people whose general trackrecord is much weaker, are laughing at me. I have not made my 51% APR by listening to other people of course, but I also don't want to argue with them.

So I am contemplating to reduce/leave the forum for a few months. I have also other projects. Thoughts?

No, I won't hold as long as I think there is opportunity to trade.

100 could settle me for life only if BTC completely explode.

500 or 1000 could do it earlier. And I think betting with trading to reach 500/1000 is much safer option than to bet BTC will be 20-30k worth one day.

Watching your futile attempts to sustain the current price will provide me with a lot of amusement over the next few days

Of course you took the risk, lol... The fact you think you didn't is irrelevant completely. Risk is sometimes smaller, sometimes bigger but as soon as you send coins from your wallet you're at risk . I've had many trades that look like easy money that went bad or vice verse.

Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though.

Even as a short-term bear I could see last night coming a mile away. It's a basic rule that the price crashes when everyones going to the moon, so with bitfinex totally shorted out last night and everyone expecting the drop, what was there left to do but buy back in when it didn't drop, now we're back up at the high 900's when we were almost finding a stable platform at high 800's low 900's. This bull/bear yoyo'ing could go on for weeks now because there wont be another rally for a while most likely.

I don't do TA, but I'm amazed nobody has pointed out the closing triangle on the 6 month chart.

CHOO CHOO ┗(°0°)┛!!!

Maybe if China were to put a flat out ban on bitcoins and shut down all the exchanges tomorrow that could happen during a flashcrash.

faulty punctuation leads to great frustration.

-molec

Good job, let the good vibes roll  

Maybe we can see another swing, so im full bitcoin again? Because 90% bitcoin is just not enough to me.

Good morning from Europe and hello to everyone saying that going all fiat is stupid. You were, as always, right.

My only hope now is a sharp downward movement during the next three days, and knowing my luck, that will not happen.

This week saw me 3 BTC down, though almost at the same $ value. The worst decision was to sell at 804, after I auto-bought at 901 (down from 960), expecting the second down-leg.

Hopefully, we are at a local top before the week-end, so I am still in fiat. And I am in dire need of a second chance. Knowing Bitcoin, that chance would come, I just simply need not to botch it.

There's so many battles to fight now it makes long seem like a riskier position than not long.

Wow, 670 buy on Gox

I'm going to wait a little bit more. If it breaks 950, it might go even further up.

There isn't one person here that can give any sort of rational answer to that.   The only consensus is that within some months, the price will be higher.   Buy now and wait it out whether it goes down or not, or wait until a clear trend is established so you don't have to see your investment worth less at some point.   The risk being you end up with less BTC.   Bitcoin will often do what no one expects, so trying to trade is just a gamble.   No one has ever realized a loss by buying bitcoins.   Many have given their money away in fear however, so my advise, is just buy and walk away for a few months.   It may go down from here, but it also may go up, and in my opinion, that is a bigger risk.

We can either look at this as me being wrong, or there having been two consecutive bubbles. I prefer the latter.