Recovery or bull trap?

[marcus905]

Is this the start of a recovery or a bull trap?

I'd hope for the first but I'm still confused...

[Newscastix]

make a vote out of it!

[giarc]

Is this the start of a recovery or a bull trap?

I'd hope for the first but I'm still confused...

This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it.

I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall.

[JordanL]

Recovery. 

[nobbynobbynoob]

Only time will tell.

Never being in with what one couldn't afford to lose in the first place, combined with never selling bitcoin for fiat, is a strategy that has worked OK for me so far. It mightn't be the perfect equity strategy, but it mitigates most of the market volatility risk.

[Elwar]

There is no bull or bear. Only Bitcoin or fiat.

Make your choice.

[im3w1l]

What if it was a bear trap?

[bitcon]

im just happy i had a buy order set at $190 a couple days ago

[Xendrios]

I have yet to see a bull trap in bitcoin, looking back at the past 4 years it looks like one big bear trap :-)

[Philj]

When you look back in a few weeks while we're sitting at $500/BTC you'll see that we just left a bear trap.

[Luno]

We got world press attention remember. How the press takes this second DDos / crash will have a lot to say about market adoption speed in the near future. Stunt's like this need to be dealt with publicly the following days!

It's no longer fun and games!

[marcus905]

There is no bull or bear. Only Bitcoin or fiat.

Make your choice.

I already did, and it's Bitcoin.

I like speculating and playing with the markets though...
 

Is this the start of a recovery or a bull trap?

I'd hope for the first but I'm still confused...

This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it.

I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall.

Thanks! It's what I think I'll do

The sentiment about Bitcoin is positive from what I see, though

[hgmichna]

We are in a picture-book bull trap right now.

[Xendrios]

We are in a picture-book bull trap right now.

depends on what happens next. If you're convinced of it being a bulltrap, sell your coins? :-)

[giarc]

There is no bull or bear. Only Bitcoin or fiat.

Make your choice.

I already did, and it's Bitcoin.

I like speculating and playing with the markets though...
 

Is this the start of a recovery or a bull trap?

I'd hope for the first but I'm still confused...

This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it.

I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall.

Thanks! It's what I think I'll do

The sentiment about Bitcoin is positive from what I see, though

The positive sentiment is what scares me.

[giarc]

We are in a picture-book bull trap right now.

I agree, not sure on timings though. Up to a couple of days i guess. What are your views?

[alexh]

Definitely recovery, but probably not a stable one!

[CoinDiver]

Dead Cat Bounce.

Oh, and expect everyone to tell you the opposite of what they really think, in a vain attempt to steer you in a direction that they believe will benefit them.

[evolve]

No one knows. I'll be taking profits from the crash soon and staying out until the market figures out a direction.

[PrymeTyme]

a retest of the lows will tell us more .... patience ..


till now it looks like  pot. selling climax ...