BTC/USD: Ready for "The Running of the Bears"?

[ArticMine]

Bears got fed, bulls got fed. Pigs got slaughtered.

+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

[smoothie]

Bears got fed, bulls got fed. Pigs got slaughtered.

+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.

[oakpacific]

Bears got fed, bulls got fed. Pigs got slaughtered.

+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.

Say I somehow convert 10% of my investment back into fiats, which has appreciated like 2000% if I got in at August bottom, my fiats grow by more than 100% and I still keep 90% of my bitcoin holdings and remain bullish, do I get slaughtered? Hell, no.

[ArticMine]

Bears got fed, bulls got fed. Pigs got slaughtered.

+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.

Of course but after  each bear market comes a bull market and after each bull market comes a bear market so both kind of pigs get slaughterd.

[smoothie]

Bears got fed, bulls got fed. Pigs got slaughtered.

+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

Depending upon if we are in a bear market or bull market.

Of course but after  each bear market comes a bull market and after each bull market comes a bear market so both kind of pigs get slaughterd.

Duh so depending upon what time frame we are using we are still in a bull market...have been since inception. IN THE BIGGER PICTURE.

[muyuu]

I love it when these line drawers start drawing lines in all directions and then they just pick one.

Tough luck tho.

[ruski]

Bears got fed, bulls got fed. Pigs got slaughtered.

+1

When it comes to Bitcoin there are two kinds of pigs:  Bearpigs and bullpigs.  Both kinds get slaughterd.

MANBEARPIG!?

[simonk83]

I just re-read the OP's post and rather than just say he's wrong outright let's use his own recommendations and timeline to ascertain conclusively whether he is right or wrong

To be fair to the OP, here's his conclusion

... but this time I'm going to go out on a limb and make you a clear-cut suggestion: sell. I'm selling. We've all made a lot of money, and no one has ever been hurt taking a profit. Profit is money you didn't have before, and now you have it. So take it off the table and enjoy it. You can stay in the shark pool if you want, but do so at your own peril. It looks like the correction is indeed very close -- no one has infinite money to keep pushing the price to infinity, so a correction is going to happen. If you're patient and smart, you might be able to buy back your bitcoins in the $30s or $40s in another 7-14 days.... or at least in the 50s

In summary, for him to be right (with an original post date at March 25th), bitcoin price needs to be below $60 no later than April 8th. If price enters $30-40 in the same timeframe, he gets top marks

He throws in a lot of mights, maybes, its possible, and even a caveat after the text I quoted above but theres no way to argue against the fact that he made a recommendation based on his TA and the quoted text is it

So let's see if he's right or wrong April 8th. In the meantime we can continue the debate.

Oops...

[smoothie]

I just re-read the OP's post and rather than just say he's wrong outright let's use his own recommendations and timeline to ascertain conclusively whether he is right or wrong

To be fair to the OP, here's his conclusion

... but this time I'm going to go out on a limb and make you a clear-cut suggestion: sell. I'm selling. We've all made a lot of money, and no one has ever been hurt taking a profit. Profit is money you didn't have before, and now you have it. So take it off the table and enjoy it. You can stay in the shark pool if you want, but do so at your own peril. It looks like the correction is indeed very close -- no one has infinite money to keep pushing the price to infinity, so a correction is going to happen. If you're patient and smart, you might be able to buy back your bitcoins in the $30s or $40s in another 7-14 days.... or at least in the 50s

In summary, for him to be right (with an original post date at March 25th), bitcoin price needs to be below $60 no later than April 8th. If price enters $30-40 in the same timeframe, he gets top marks

He throws in a lot of mights, maybes, its possible, and even a caveat after the text I quoted above but theres no way to argue against the fact that he made a recommendation based on his TA and the quoted text is it

So let's see if he's right or wrong April 8th. In the meantime we can continue the debate.

Oops...

OP left himself some wiggle room just in case he was wrong, which quite clearly he is.

[Zangelbert Bingledack]

♪Dun, dun, dun





Another one bites the dust♪


Another TA came and went, paying dearly for their cognitive biases. What happened to Arepo?

[smoothie]

lol so fail

[deathcode]

lol so fail

I'm still waiting for ATC777 to log back in... I liked the kid... I'm worried and I hope he's ok!

All that effort creating a TA for nothing.... hehehehe

[Zangelbert Bingledack]

Been almost a week since he logged in.

[Zangelbert Bingledack]

Uh-oh. Now I feel bad for him. Unless he goes rogue.

[Gab1159]

He's indeed going rogue...

[smoothie]

1. Create forum profile

2. Post BS on the forum

3. Create a thread or threads saying why the top is in concerning price.

4. Be proven wrong on your predictions.

5. Back pedal like a TA politician.

6. Go silent when the price keeps rising against you.

7. Fail

 

[Bowjob]

He's indeed going rogue...

I won't let him. I have a window open with 400+ of his friends, acquaintances, colleagues, his dad, mom, cousins, ect in case he tries to unfriend me. -Satoshi forbid me from getting more ideas. He seems like a nice guy so hopefully it won't come to that. My only concern is this massive rally making it difficult for him to pay it back. I've checked his profile, more than likely he'll be able to pay it back. He just made a terrible call.

Sorry, I fell asleep. Yes, I went ahead and sent $300 to a friend of mine and shes supposed to do bitinstant for me in the morning. Ive never used it bef
 
ore and dont know how reliable it is (last thing I need to do is lose a bunch of $) so Ill be waiting to hear from her in the morn. If all goes well Ill
 
just purchase the remainder in btc from them and send it your way. I also got a new medication thats supposed to stop the bloody coughs, so hopefully Ill
 
feel better by morning too. Gonna get some sleep and be in touch asap with the results.

[oakpacific]

He's indeed going rogue...

I won't let him. I have a window open with 400+ of his friends, acquaintances, colleagues, his dad, mom, cousins, ect in case he tries to unfriend me. -Satoshi forbid me from getting more ideas. He seems like a nice guy so hopefully it won't come to that. My only concern is this massive rally making it difficult for him to pay it back. I've checked his profile, more than likely he'll be able to pay it back. He just made a terrible call.

Sorry, I fell asleep. Yes, I went ahead and sent $300 to a friend of mine and shes supposed to do bitinstant for me in the morning. Ive never used it bef
 
ore and dont know how reliable it is (last thing I need to do is lose a bunch of $) so Ill be waiting to hear from her in the morn. If all goes well Ill
 
just purchase the remainder in btc from them and send it your way. I also got a new medication thats supposed to stop the bloody coughs, so hopefully Ill
 
feel better by morning too. Gonna get some sleep and be in touch asap with the results.

Yup, Ian Bakewell was actually a nice guy as well...

[Bowjob]

Ian Bakewell was lucky he didn't scam me. ATC seems to be making an effort to pay according to John's texts, he's just got a shit luck it seems, so I'll give him a break.

[pretendo]

Anyone who thinks speculation means incoming crash is a fool. Every single growth industry in history (Amazon.com anyone?) Amazon stock was first sold for barely a dollar, and then spiked far exceeding what was justified by their profits. Why? People saw a goldmine before the gold was being extracted.