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Author Topic: Into Christmas and the New Year: Bull or Bear?  (Read 1134 times)
byronbb (OP)
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November 18, 2012, 03:29:54 AM
 #1

Bear:

People selling coins to pay for christmas.
People have less disposable cash to buy bitcoins.
ASIC miners sell to recoup $$$ locked up for months/on credit.

Bull:
People buy drugs for new years.
Wordpress hype wave.
Bitcoin is going to be the internet's "money".


Opinions?

smoothie
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November 18, 2012, 03:51:25 AM
 #2

Bear. Most people spend cash. I see people converting to fiat to buy gifts and go on trips.

FYI your bull item can also be a bear because people buy drugs with cash too, not just bitcoins. Grin Grin Grin

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fcmatt
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November 18, 2012, 06:07:32 AM
 #3

The great halving comes into play as a possible variable once it sinks in for the community.
smoothie
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November 18, 2012, 06:47:31 AM
 #4

The great halving comes into play as a possible variable once it sinks in for the community.

I think at this point it has already been priced in. Anticipation rally we had in the past 4 months shows it.

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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fcmatt
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November 18, 2012, 07:39:04 AM
 #5

The great halving comes into play as a possible variable once it sinks in for the community.

I think at this point it has already been priced in. Anticipation rally we had in the past 4 months shows it.

Yea people say that but like i said... Once it sinks in for real. As in the time frame it actually happens.
byronbb (OP)
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November 18, 2012, 09:19:27 AM
 #6

The great halving comes into play as a possible variable once it sinks in for the community.

Duhhh how could I have forgotten that!!  Huh

molecular
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November 18, 2012, 07:47:36 PM
 #7

The great halving comes into play as a possible variable once it sinks in for the community.

is that bearish or bullish?

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molecular
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November 18, 2012, 07:49:05 PM
 #8

Bear:

People selling coins to pay for christmas.
People have less disposable cash to buy bitcoins.
ASIC miners sell to recoup $$$ locked up for months/on credit.

Bull:
People buy drugs for new years.
Wordpress hype wave.
Bitcoin is going to be the internet's "money".


Opinions?


That ASIC miners selling for $$$ effect might not even come into play before christmas. *grin*

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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