Aren't we in a state of denial? (MARKET CYCLE UPDATED, VOTES RESET)

[tokeweed]

Emphasis on the red dot.  I would also like to hear some of your comments on this.  Thanks.

[1714818504]

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[NorrisK]

Ofcourse there are market cycles and you have to figure out where in a cycle we are.

People have been saying we are in the denial phase for a long time, but I actually still think we are entering a new phase after a 2 year long phase from euphoria to depression. In my opinion we have passed the hope and releif phase again with the recent surge to 500 and are now back in the optimism phase. It got a bit dented with the news from Hearn though, but that doesn't derail too far from this grah.

Also, it doesn't mean that the cycle is as linear as your graph shows though. It doesn't have to end up where it started to make a cycle right? It could also start the optimism phase at say 100 and end the cycle at 150. The graph would be slightly tilted, but the shape can be retained.

[tokeweed]

Ofcourse there are market cycles and you have to figure out where in a cycle we are.

People have been saying we are in the denial phase for a long time, but I actually still think we are entering a new phase after a 2 year long phase from euphoria to depression. In my opinion we have passed the hope and releif phase again with the recent surge to 500 and are now back in the optimism phase. It got a bit dented with the news from Hearn though, but that doesn't derail too far from this grah.

I have almost the same thinking, that's why I'm asking if this isn't denial or something.

[Amph]

no, i believe that was in the downtrend from 400-600 when we were at 1200, now we are between depression and hope, there is even a word to describe it?

[tokeweed]

no, i believe that was in the downtrend from 400-600 when we were at 1200, now we are between depression and hope, there is even a word to describe it?

So you don't think the recent pump to 500+ is the peak?  If no, then wouldn't that also mean that we're in a state of denial?

[criptix]

Triple bottom @150
Longterm is up now!

[--Encrypted--]

we're on the way to the state of depression from my pov. capitulation was last year when we're at ~250 and almost goes to ~150 . despondency is just about to be over with the media cooling down.

that or maybe we were stuck at hope since the beginning of 2015.

[1Referee]

I think the comming block halving is what makes people believe that the price will go up and there will be a pre block halving pump bringing the price to a new ATH this year. I am not that optimistic, but I believe it's definitely possible to see a price of at least $600 this year.

We have seen these kind of images showing the different market states/emotions when we were sub $100. As long as the majority of the people believe in the price going higher, we can surely achieve a higher price. If there wasn't the block halving comming up, I would probably not be this optimistic.

[SFR10]

I think were in a wider range at the moment as we all differ in terms of what we have as belief so my answer would be no were not in denial state. We have past that some time ago and at the moment were more like in the range of capitulation stage, up until Hope stage (Vary depending on what I've seen most say so far.

[Amph]

no, i believe that was in the downtrend from 400-600 when we were at 1200, now we are between depression and hope, there is even a word to describe it?

So you don't think the recent pump to 500+ is the peak?  If no, then wouldn't that also mean that we're in a state of denial?

is the mental barrier more than the peak, like 300 was the mental barrier for 10 months stright, i think we are more in a combination of state, than one single state alone

it could be a bit of denial plus something else, the market is "undecided" right now

[European Central Bank]

I've been a lot of reading old posts here. Euphoria was late 2013. I didn't see much of the same when it hit 500. People seemed pleased and relieved that it was doing something but they weren't jumping up and down with excitement.

Do such dramatic cycles apply when there's not really a whole lot happening? I don't feel euphoric or hopeful or in denial. My feeling is that it's gonna go up and down some. It'll take a lot more for true emotion to kick in.

[bitcoinboy12]

I've been a lot of reading old posts here. Euphoria was late 2013. I didn't see much of the same when it hit 500. People seemed pleased and relieved that it was doing something but they weren't jumping up and down with excitement.

Do such dramatic cycles apply when there's not really a whole lot happening? I don't feel euphoric or hopeful or in denial. My feeling is that it's gonna go up and down some. It'll take a lot more for true emotion to kick in.

We could be in denial, the prices are going down little by little despite the positive hopes of the community which could mean that the whales are not doing anything to prevent the slow bleeding or they could be selling as well to create the downward push. If only the community does not have faith, we might already be in the $320 area. Low price are attractive to buy though so the whales must be allowing the prices to go down so they can increase their holdings.

[Tacalt]

no, i believe that was in the downtrend from 400-600 when we were at 1200, now we are between depression and hope, there is even a word to describe it?

I think so. Bitcoin has go down a lot and recovers from the lows. It will go up from here to much higher value.

[randy8777]

if you just look at the long term growth, then you can see that bitcoin has been increasing nicely. peaks come and go and same goes up for the lows that we reach several times a year. just keep your eyes pointed towards the long term charts and you'll be fine.

[xDan]

I think we are still muddling around in despondency and depression, with occasional small spikes of hope before falling back into depression.

Optimism would be $800+ Anything else is just everyday Bitcoin and pretty meaningless.

I don't think anything much will happen until the block size war is resolved. And that could take years if we have to wait for deployment of the Lightning Network. Just hodl tight, guys.

[thejaytiesto]

Nope, ANY price compromised of 3 figures, so thats 100 to 999, is an instant steal. Anyone that has a functional brain can known the potential of Bitcoin and sees how 6 billion marketcap is an insta-buy all day-every day. The market is so damn tiny right now, and it has so much potential, that it doesn't matter where you buy, you are making money by buying Bitcoin, period. You just have to wait for the rest of the world to catch up in a couple of years.

[RodeoX]

Emotion may be a big influence on some, but I never trade on emotion. It's really my edge to avoid bringing superstition, fear, and euphoria into my mathematical decisions. 

[sgbett]

where you been the last 18 months!?

we're depression/hope!

[Dekker3D]

Probably a little in denial as some are still suggesting that now is the buy time. Market price have peaks and valleys and we're not in a good place at the moment but it's not something worth crashing for. The price could still go down as most profiteers are going to altcoins nowadays. Once the altcoin wave is done, they'll be back to bitcoin bringing in money with them.

[lumeire]

Where do you think we are now in that cycle, of course with regards to the coming halving. I suppose we're still at optimism?