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Author Topic: Ya know why BTC is back in a bull trend?  (Read 1403 times)
MatTheCat
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November 13, 2015, 11:00:26 AM
 #1

Ya know why BTC is back in a primary bull trend?

Cos there are just so many damn bears on this forum sub section!

Back in the day, when Bitcoin first entered it's post 2013 bubble bear market, I could count the amount of bears on here with the fingers on my hands. It was all bulls, and half my bearish posts would get desperately unoriginal (and not to mention sick) meme replies, of bears being getting the brains blown out and such. Back in early 2014, this place was all bulls. Now it is all bears.

That to me, is a contrarian indicator and a half.

Almost as surefire as this one (Bitcoin teetering at $350, with blatant manipulation 2K Bid Wall on Finex, and the JimboToronto shows up and gives BTC the kiss of death)



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November 13, 2015, 12:17:47 PM
 #2

Ya know why BTC is back in a primary bull trend?

Cos there are just so many damn bears on this forum sub section!

Back in the day, when Bitcoin first entered it's post 2013 bubble bear market, I could count the amount of bears on here with the fingers on my hands. It was all bulls, and half my bearish posts would get desperately unoriginal (and not to mention sick) meme replies, of bears being getting the brains blown out and such. Back in early 2014, this place was all bulls. Now it is all bears.

That to me, is a contrarian indicator and a half.

Almost as surefire as this one (Bitcoin teetering at $350, with blatant manipulation 2K Bid Wall on Finex, and the JimboToronto shows up and gives BTC the kiss of death)




No, I dont think this forum has much at all to do with btc price.  Most people on here hold very little, if any btc.

Clearly the only way for the price to rise and then fall $100+ in a 24 hour span is from, most likely, whale activity.  Clearly if this was a massive deman increase from say China, we wouldn't be already back down to the $330 level
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November 13, 2015, 12:46:09 PM
 #3

Ya know why BTC is back in a primary bull trend?

Cos there are just so many damn bears on this forum sub section!

Back in the day, when Bitcoin first entered it's post 2013 bubble bear market, I could count the amount of bears on here with the fingers on my hands. It was all bulls, and half my bearish posts would get desperately unoriginal (and not to mention sick) meme replies, of bears being getting the brains blown out and such. Back in early 2014, this place was all bulls. Now it is all bears.

That to me, is a contrarian indicator and a half.

Almost as surefire as this one (Bitcoin teetering at $350, with blatant manipulation 2K Bid Wall on Finex, and the JimboToronto shows up and gives BTC the kiss of death)




No, I dont think this forum has much at all to do with btc price.  Most people on here hold very little, if any btc.

Clearly the only way for the price to rise and then fall $100+ in a 24 hour span is from, most likely, whale activity.  Clearly if this was a massive deman increase from say China, we wouldn't be already back down to the $330 level

I am not saying that members of this forum dictate the BTC price, I am saying that the market makers will always turn against mass sentiment, as the mass sentiment reaches critical peaks/troughs, so 'euphoria' or 'despair'. In markets, the outlook of the majority, is always wrong. That is how the whales and the sharks feed themselves.

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November 13, 2015, 01:38:36 PM
 #4

even bears like bitcoin. they just act like they hate it, or at least don't think it's worth our time and efforts. they say that because; they want to make you sell to be able to buy back the coins they sold, or they are just trying to accumulate as many coins as possible and try to do that as long as possible. for that they need the price to stay low for quite a long period.
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November 13, 2015, 01:49:20 PM
 #5

I think I get your point. When trend is bullish, the bears scream how it is going to crash to give them more buy opportunities.

The other way around, the bulls are yelling to give them more sell opportunities.

Might be a little to simple representation, but I general I guess it is very true
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November 13, 2015, 02:22:54 PM
 #6

In reading this forum, I have found that most people are optimistic about Bitcoin and a big price raise, not so many bearish people.

I really hope it raises though. Got caught in some buys above 440 $ and know I am in loses LOL.

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November 13, 2015, 02:42:47 PM
 #7

In reading this forum, I have found that most people are optimistic about Bitcoin and a big price raise, not so many bearish people.

I really hope it raises though. Got caught in some buys above 440 $ and know I am in loses LOL.

As long as you don't sell you haven't lost anything.Furthermore it's important how long you planned to stay with Bitcoin.If you are in for the long haul I wouldn't worry that much because short term swings are not important for you.
If you are in for a quick buck, well the situtation looks different.
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November 13, 2015, 03:08:23 PM
 #8

Bull market? 

Yeah well let's break up above 375 and then above 400 (all on massively rising volume) before we even start talking about a bull market.  This would have to happen within the next 2 weeks to confirm.

I have a feeling we'll be seeing it head the other way.  Just sayin'.
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November 13, 2015, 03:35:16 PM
 #9

my other point is that the overall sentiment on this forum seems to remain super-bullish, no matter what the price trend.  Yet, (aside from a few temporary jumps like last week) we remain bearish.  I just think that the few whales who I think are affecting the price act independently of anything that is said on this forum.
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November 13, 2015, 03:39:16 PM
 #10


I'm no expert but the way i see it is that the market will always do whatever the market will do.
so if you hold your coins yet you don't know why, go short. Smiley


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November 13, 2015, 03:55:45 PM
 #11

Bitcoin is in a bull market as price is above 200 week simple moving average



You may not believe in technical analysis but traders who move the market do. Works either way.

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November 13, 2015, 03:58:34 PM
 #12

my other point is that the overall sentiment on this forum seems to remain super-bullish, no matter what the price trend.  Yet, (aside from a few temporary jumps like last week) we remain bearish.  I just think that the few whales who I think are affecting the price act independently of anything that is said on this forum.

The number of people posting could be a better sentiment indicator than the nature of the posts they make. Before the pump to 500 there were very few of the regulars left posting, and considerably less posts on the forum overall. Once the pump started users who had been inactive for months started posting prolifically.

 
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November 13, 2015, 04:22:39 PM
 #13

my other point is that the overall sentiment on this forum seems to remain super-bullish, no matter what the price trend.  Yet, (aside from a few temporary jumps like last week) we remain bearish.  I just think that the few whales who I think are affecting the price act independently of anything that is said on this forum.

The number of people posting could be a better sentiment indicator than the nature of the posts they make. Before the pump to 500 there were very few of the regulars left posting, and considerably less posts on the forum overall. Once the pump started users who had been inactive for months started posting prolifically.

 

I concur. I've been away for a few months and didn't care about my bitcoins. Lately I checked up on bitcoin and joy to my eyes it's going bullish again.
I believe that many early investors will return to the scene to watch their investment.

Anyway I see my bitcoins as a long term investment and will probably leave them for 5 more years unless they hit the 10k plus so I can buy a house with them ;-).

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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November 13, 2015, 04:38:18 PM
 #14

In reading this forum, I have found that most people are optimistic about Bitcoin and a big price raise, not so many bearish people.

I really hope it raises though. Got caught in some buys above 440 $ and know I am in loses LOL.

Yes they are but that doesn't mean the price will go up and im sure 90% of them would just sell if the price happened to go down by 100$ today so yea..

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November 13, 2015, 04:41:12 PM
 #15

my other point is that the overall sentiment on this forum seems to remain super-bullish, no matter what the price trend.  Yet, (aside from a few temporary jumps like last week) we remain bearish.  I just think that the few whales who I think are affecting the price act independently of anything that is said on this forum.

The number of people posting could be a better sentiment indicator than the nature of the posts they make. Before the pump to 500 there were very few of the regulars left posting, and considerably less posts on the forum overall. Once the pump started users who had been inactive for months started posting prolifically.

 

I concur. I've been away for a few months and didn't care about my bitcoins. Lately I checked up on bitcoin and joy to my eyes it's going bullish again.
I believe that many early investors will return to the scene to watch their investment.

Anyway I see my bitcoins as a long term investment and will probably leave them for 5 more years unless they hit the 10k plus so I can buy a house with them ;-).

check this for the fresh insight:
https://bitcointalk.org/index.php?topic=1248717.0
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November 13, 2015, 05:39:09 PM
 #16

Got caught in some buys above 440 $ and know I am in loses LOL.
It's dangerous to buy in a steep uptrend, better to accumulate when the sea is calm. I have to admit I learned it the hard way too  Wink

"Panic Selling is not an Investment Strategy"
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November 13, 2015, 06:00:47 PM
 #17

Got caught in some buys above 440 $ and know I am in loses LOL.
It's dangerous to buy in a steep uptrend, better to accumulate when the sea is calm. I have to admit I learned it the hard way too  Wink

Haha, I think everybody knows that feeling unfortunately.. I had to resist my urges quite badly not to buy a bit extra around 400... My highest buy in the pump was around current prices, so I guess I stopped at the right moment Smiley

Funny indeed how there is more opportunity to make money when things look dead in the water, but people only start to try to accumulate when the wind is blowing like mad.
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November 13, 2015, 06:37:44 PM
 #18

Ya know why BTC is back in a primary bull trend?

Cos there are just so many damn bears on this forum sub section!

This forum might have been a large part of the market in 2011. Today I seriously doubt if 1% of trading activity is done by people who even know of this sub-forum
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November 13, 2015, 07:31:11 PM
 #19

Got caught in some buys above 440 $ and know I am in loses LOL.
It's dangerous to buy in a steep uptrend, better to accumulate when the sea is calm. I have to admit I learned it the hard way too  Wink

well it depend of your target, if you were only ready to sell at 1k, why it should bother you that you bought at 440 now, even if there was a dump

it's all about a pre-planning if you have one, you feel more secure
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November 13, 2015, 08:07:56 PM
 #20

Got caught in some buys above 440 $ and know I am in loses LOL.
It's dangerous to buy in a steep uptrend, better to accumulate when the sea is calm. I have to admit I learned it the hard way too  Wink

Haha, I think everybody knows that feeling unfortunately.. I had to resist my urges quite badly not to buy a bit extra around 400... My highest buy in the pump was around current prices, so I guess I stopped at the right moment Smiley

Funny indeed how there is more opportunity to make money when things look dead in the water, but people only start to try to accumulate when the wind is blowing like mad.

Everyone has these moments. When the price rises I get a sudden urge to buy, no matter what the price is. In the same way I get an urge to sell when everyone is selling.

But yes, this is just a human nature and a sure way to lose money. You actually need to do completely opposite to make money. Buy when everyone is selling and sell when everyone is buying. This is much harder to do than to say though!
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