Panic sellers and non-holders beware: This could be you in the future.

[talkbitcoin]

wow the topic you linked to is very interesting . it is funny to see the same arguments going on before on the price of $20

[TPTB_need_war]

wow the topic you linked to is very interesting . it is funny to see the same arguments going on before on the price of $20

You fail to understand the distinction between talking that way after collapsing to a rock solid bottom and everyone being dejected and a slow rise back up. Compared to now where so many bulls are arguing we can't go lower (not dejected and not arguing about we can't go up to $1000 again), yet the recent "bottom" at $160ish was an instantaneous V reversal which never demarcates a bottom in bear market.

Clearly not the same psychological situation. We are clearly in a bottom finding mode still.

[Amph]

We will know we are at the bottom when someone writes that again. Yet right now instead we see people like you writing the opposite, that is why the CONFIDENCE still has to break and we still need to...

We saw a lot of posts like that just a few months ago. 18 months of a bear market was just too much for some people. The bottom has occurred IMO, and it's the beginning of a new bull ride. Things should get interesting!

Please do HODL all your net worth in BTC all the way down to $20 again. The coming shake out of CONFIDENCE is going pauperize all those ideological tards.

Investing isn't about ideology. It is about rational assessment of probabilities.

and please tell me what are the possibility of bitcoin going to 20 right now? i'm sure they are far less then those that can bring us to 300+ ot 500+

probability is telling me that we are going to rise to a high level, although not in the immediate future

[pooya87]

We will know we are at the bottom when someone writes that again. Yet right now instead we see people like you writing the opposite, that is why the CONFIDENCE still has to break and we still need to...

We saw a lot of posts like that just a few months ago. 18 months of a bear market was just too much for some people. The bottom has occurred IMO, and it's the beginning of a new bull ride. Things should get interesting!

Please do HODL all your net worth in BTC all the way down to $20 again. The coming shake out of CONFIDENCE is going pauperize all those ideological tards.

Investing isn't about ideology. It is about rational assessment of probabilities.

and why do you say that it is going down to a drastic number like $20 now? who is going to let it happend. those big whales who have been investing in bitcoin and filling their pockets with cheep bitcoin over the past months?

[PseudoCode]

A simple question, that probably requires a bigger answer than would be appropriate here, but Ill try anyway and see if anyone has a short answer.

Why do so many people on here seem to assume that "Psychological Factors" and TA are the *primary drivers of *Bitcoins price ?

I realise that Bitcoin does still have a significant speculative component to its price, and that sentiment *is a motivator of (stupid) speculators.

However, any *serious speculator will surely have access to better information about what deals are going on with the big money boys than the amateurs rah-rahing on here do, and therefore their assessment of future price will be driven by actual facts and *external events, not them peering at graphs and going "Oh look, a Double whoopty-whoop with a triple inverted cup stirrer pattern ! We're going down, SELL SELL! "

So all the talk about "We havent "Found the bottom", and "We need to reach "Capitulation Point X" on this Confidence graph, and *Then everyone will suddenly be ready to throw money at it again, and we arent there yet, so we are still going down", or on the opposite side... "Look, The MACD Indicator has crossed the candle delta point for 3 whatsits in a row..  MOON!" just seems like so much waffle to me..

It pre-supposes that Market Sentiment is the prime driving factor, and ignores the influence of external events like Fiat Currency Failures, Bank Bailouts, Listing on Nasdaq, and other non-graph-predictable event drivers.

I suppose when talking about an established Publicly listed Fortune 500 company, that is presumably run by competent managers and has many professional investors playing the game, shorting, hedging and all the flim-flammery, then market sentiment towards that company *would be the most common influencer of price, assuming the company doesnt do anything super stupid or incredible.   But they are *still subject to external events, like their charismatic CEO kicking the bucket, or some major design flaw being found in a product, or a safety recall or whatever.

But, in the case of Bitcoin, being *primarily a "Disruptive Technology" with dramatically different playing rules to the existing financial system it aims to extend or replace, Its adoption, adaption, uptake, technical challenges and successes would seem to me to be far *more significant in its price than what a bunch of penny-ante speculators *think it might do based on their tea-leaf reading of graphs.

Can anyone show any hard data showing a decent correlation between Traditional TA patterns and guidelines and *actual bitcoin prices ?   Or are they subject to retro-active adjustment by the fortune-tellers to say "see we told you so !" after the fact ?

[misterycoins]

whales are accumulating Btc daily, while the weak hands get shaken since they lose trust. It's a psychological war what they play, and they are doing a good job.

[shmadz]

wow the topic you linked to is very interesting . it is funny to see the same arguments going on before on the price of $20

You fail to understand the distinction between talking that way after collapsing to a rock solid bottom and everyone being dejected and a slow rise back up. Compared to now where so many bulls are arguing we can't go lower (not dejected and not arguing about we can't go up to $1000 again), yet the recent "bottom" at $160ish was an instantaneous V reversal which never demarcates a bottom in bear market.

Clearly not the same psychological situation. We are clearly in a bottom finding mode still.

Clearly you are delusional.  

The reversal has already happened. Market momentum is now in the upward direction overall. 160 was an overshoot of the bottom. 200 to 220 range was the bottom. We might retrace a bit here, but once we break and hold above 300 and the resistance becomes support, we are going to see some rapid gains.

(That's just like, my opinion, man)

[lissandra]

I always have a bigger balance in my btc wallet, and its always nice to see.

The best advice is to forget about it, and then come back a year later to see where its at. And just be greatful the for on-going increased value.

[Herbert2020]

these sort of trolling and pathetic attempts to change the market and move the price up or down has always been a part of bitcoin price market. anybody who spends at least a week reading the speculation section would realize this easily and eventually.
if anybody is deciding what to do (sell or buy) by reading these sorts of posts on a forum by a random person, he deserves to lose his money.

[bitcollins85]

Bitcoin slowly and silently migrates to people with stronger hands. If someone drops a coin on the street because he believe its worthless, the next person to pick it up will obviously have a better understanding of its value.

[ask]

quadruple bottom.  strong floor.  UP we go

[roadbits]

They will never learn. 90% of them will end up with less coins than they would have if they hold. Can't feel sorry for them. It happened so many times before so it's not like they couldn't have learned from it.

[ask]

Hey guys, you'll never guess what this is!  I'll give you a hint, it's Austrian.  You can click on the pic to see full size;



Give up?

Njami.  I like them and I  like bitcoins

[shane]

whales are accumulating Btc daily, while the weak hands get shaken since they lose trust. It's a psychological war what they play, and they are doing a good job.

so how long whales need to accumulation ?

[ask]

Hey guys, you'll never guess what this is!  I'll give you a hint, it's Austrian.  You can click on the pic to see full size;


Give up?

Njami.  I like them and I  like bitcoins

Wrong. Not New Jersey Alliance for the Mentally Ill.  Try again or give up?

You piss in the wind.

[ask]

Hey guys, you'll never guess what this is!  I'll give you a hint, it's Austrian.  You can click on the pic to see full size;


Give up?

Njami.  I like them and I  like bitcoins

Wrong. Not New Jersey Alliance for the Mentally Ill.  Try again or give up?

You piss in the wind.

No, wrong again!  Alright, I'll tell you -- IT's YOUR BALLS, BULLTARDO!


P.S. Don't eat them, you might get Mad Cow disease, you crazy castrated bovine!

I don't have balls I am she.  What now?

[BTCLovingDude]

this is a good reminder for all of us not to trust anything that we read on the forum because the real purpose of the posts are something else

~~hodl~~

[Natalia_AnatolioPAMM]

this is a good reminder for all of us not to trust anything that we read on the forum because the real purpose of the posts are something else

~~hodl~~

yep. good words, you're so right. I made these mistakes not once, now I don't trust everything I see anymore

[NorrisK]

this is a good reminder for all of us not to trust anything that we read on the forum because the real purpose of the posts are something else

~~hodl~~

yep. good words, you're so right. I made these mistakes not once, now I don't trust everything I see anymore

Not everything it bullshit. Just make sure you do your due diligence to be sure you know what is really going on.

[coinableS]

this is a good reminder for all of us not to trust anything that we read on the forum because the real purpose of the posts are something else

~~hodl~~

Lots of people like to "talk their book" so to speak. If you're long you post epic bullish speculation and about the distant future.
If you're short they point out the flaws and typically are more focused on short term bad news.
In the end we all know that in the long run, bitcoin wins.