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Author Topic: Bear appreciation thread!!  (Read 5356 times)
nobbynobbynoob
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April 15, 2013, 09:16:44 PM
 #61

Gold seems to be having a worse time than bitcoin right now. But both are going down...

The falling price in its own right shouldn't provoke negative sentiment. It is (or will be) a buying opportunity.

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evolve
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April 15, 2013, 09:55:27 PM
 #62

It is (or will be) a buying opportunity.

At or near the bottom, yes.

Buying on the way down is risky and leaves you open to get burned hard.
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April 15, 2013, 10:01:33 PM
 #63

Nah, I think we are done. We are solidly into "the long slow slide to singles" territory now, IMO.

You can sense the sentiment changing as more and more people, especially those who bought over $100 start to realize they made a terrible mistake.  Here's why we're going to single digits.  There are probably millions of people into bitcoin now, and for the vast majority of them, this is their first introduction to markets.  They will continue to panic.  Everytime the price goes down like this, more and more of holders beginning think it might be time to cut losses or protect profits.  Just think about how heavy and depressing sentiment got in 2011, and now multiply that by a lot.  Welcome to 2013.

I think you are most probably correct, but knowing how Bitcoin will cause deflation in the long run wouldn't it be best to put your attention on saving rather than taking losses now, not everyone is a trader?  

What is happening now is an inflation event; if I read you correctly you are almost making fun of people who are cashing out instead of giving them advice.  The last year and a half up to the end of 2012, from the peek of $30 inflation  encouraged a lot of investment (I'll take swindling off the list of investments as I think there were more ponzis than businesses) but we did get ASIC system and ASIC mining outfits all adding a whole lot of infrastructure to the foundation of the Bitonomy.  
The only depressing sentiment I felt in 2011 was why didn't I trust my gut and get in when I first read about Bitcoin, the rest was a huge opportunity for those who could see how Bitcoin would change how an economy could function.

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April 15, 2013, 10:32:16 PM
 #64

Gold seems to be having a worse time than bitcoin right now. But both are going down...

The falling price in its own right shouldn't provoke negative sentiment. It is (or will be) a buying opportunity.

One reason I bought more BTC today at $71 is there maybe some moving over gold to BTC now.  I'm still not all in but at least I once again own coin which feels great.  We could slowly keep going down and I'm fine with that but, I'm not so sure this bubble burst is going to go that way.  As for gold it is going down as the economy and markets go up.  

I would not suggest buying gold.  Over $1200 is for sure a bubble and the better economy, jobs, and housing do the lower gold will go.  Don't listen to fake news websites like Newsmax that want to sell you a book and tell you the sky is falling.  Gold does have some uses but, less than most people think.  I'll probably buy back some new gold coins as it drops.  Not because I believe in gold but, because I love gold coins and diversification.  I always buy low and sell high but, I'm not sure gold is low enough yet.

People drove gold to $1800 because they were scared of the market.
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April 15, 2013, 10:37:47 PM
 #65

knowing how Bitcoin will cause deflation in the long run wouldn't it be best to put your attention on saving rather than taking losses now, not everyone is a trader?  

There is no guarantee the price will ever raise this high again. "Saving" could be throwing good money after bad.

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April 15, 2013, 11:04:28 PM
 #66

The 2013 bubble introduced the world to Bitcoin. It would take something an order of magnitude greater than the recent media hype cycle to keep this from sliding down over the next few weeks. We are destined for single digits....where we will likely stay for quite awhile. And that is where we should be.

Any future bubble will need to be driven by fundamentals. A game-changing idea could spring forth from Bitcoin (or something similar) over the course of the year, but even that doesn't mean that Bitcoin would or should see highs anywhere near what we've recently seen. IMO Bitcoin can successfully herald a great financial innovation and still not be a good direct investment, certainly at these levels.
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April 15, 2013, 11:12:08 PM
 #67

knowing how Bitcoin will cause deflation in the long run wouldn't it be best to put your attention on saving rather than taking losses now, not everyone is a trader?  

There is no guarantee the price will ever raise this high again. "Saving" could be throwing good money after bad.



It isn't out of the question that bitcoin recovers from what is clearly the worst market event in its history, but if it does crawl out of this pic, it won't be for many, many years.  It's going to take a very long time to build trust again.  Developers will have lots of time to build more robust infrastructure on top of bitcoin, while it hobbles along at values much lower than they are now and with far fewer participants.  If the infrastructure is built out properly with scalability planned for in advance, bitcoin has a chance of making it out of this.  If the market decides to get enthusiastic before the infrastructure is ready, or developers decide developing infrastructure just isn't worth the risk, then that's it for bitcoin. 
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April 15, 2013, 11:31:53 PM
 #68


It isn't out of the question that bitcoin recovers from what is clearly the worst market event in its history, but if it does crawl out of this pic, it won't be for many, many years.  It's going to take a very long time to build trust again.  Developers will have lots of time to build more robust infrastructure on top of bitcoin, while it hobbles along at values much lower than they are now and with far fewer participants.  If the infrastructure is built out properly with scalability planned for in advance, bitcoin has a chance of making it out of this.  If the market decides to get enthusiastic before the infrastructure is ready, or developers decide developing infrastructure just isn't worth the risk, then that's it for bitcoin. 

Yes.
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April 15, 2013, 11:33:39 PM
 #69

Obvious bubble was obvious.

But there's a lot more to the story

Hold on and stay tuned for more deflatonary fireworks. Bitcoin, gold, and now the s&p are joining in on the fun

Stay short or die

-BA
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April 16, 2013, 12:02:44 AM
 #70

knowing how Bitcoin will cause deflation in the long run wouldn't it be best to put your attention on saving rather than taking losses now, not everyone is a trader?  

There is no guarantee the price will ever raise this high again. "Saving" could be throwing good money after bad.

Sure  and I thought $30 in 2013 was a wild dream, so are you buying, selling or holding?

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April 16, 2013, 12:05:47 AM
 #71

knowing how Bitcoin will cause deflation in the long run wouldn't it be best to put your attention on saving rather than taking losses now, not everyone is a trader? 

There is no guarantee the price will ever raise this high again. "Saving" could be throwing good money after bad.

Sure  and I thought $30 in 2013 was a wild dream, so are you buying, selling or holding?

Buying if the price gets low enough, Selling BTC I made from flipping a few XRP today, and Holding onto USD in the meantime.  Wink
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April 16, 2013, 02:55:31 AM
 #72

Getting close to the post crash low...



*live graph*







looks about right.....

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April 17, 2013, 07:33:03 PM
 #73

Bump.
Lets see how this "Price is `stable` in the 80-90 range" period plays out.  Wink

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April 17, 2013, 07:55:06 PM
 #74

Bump.
Lets see how this "Price is `stable` in the 80-90 range" period plays out.  Wink

It think in the short term is't going pop out of that range both ways.  Still though, I've been very surprised by the response post crash.  I was expecting much, much worse; but to the contrary, the crash seems to have shaken the existing market infrastructure enough that its managers are beginning to significantly improve it.  But what's even better is that it seems to have attracted the attention of people who might be able to bring a new level of expertise to the bitcoin market, and the hope is that that will make it, at least, more resistant to attack and more capable of handling higher demand.  I don't expect the volatility problem to be anywhere near solved for years, probably decades, but it can be managed better, and I think it will be in the near future.
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April 17, 2013, 08:14:51 PM
 #75

Bump.
Lets see how this "Price is `stable` in the 80-90 range" period plays out.  Wink

It think in the short term is't going pop out of that range both ways.  Still though, I've been very surprised by the response post crash.  I was expecting much, much worse; but to the contrary, the crash seems to have shaken the existing market infrastructure enough that its managers are beginning to significantly improve it.  But what's even better is that it seems to have attracted the attention of people who might be able to bring a new level of expertise to the bitcoin market, and the hope is that that will make it, at least, more resistant to attack and more capable of handling higher demand.  I don't expect the volatility problem to be anywhere near solved for years, probably decades, but it can be managed better, and I think it will be in the near future.

These bulls are strong like bull!  But panic sell off is strong like avalanche!
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November 06, 2013, 11:58:26 PM
 #76

Bump  Grin

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nobbynobbynoob
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November 07, 2013, 12:10:19 AM
 #77

Give lots of credit to proudhon - he made some very reasoned posts, and I distinctly remember him turning bullish during the extremely heavy test of the $50 bottom. "Looks like this is the bottom," he said, and he turned out to be very right.

The bears will get to play again some time, but I think the time is probably not right now. The bulls are back in town, and boy does it feel good. Smiley

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November 07, 2013, 12:26:19 AM
 #78

I will give precisely fuck zero credit to any of the bears going full retard in this thread...

Quote from: evolve
There is no guarantee the price will ever raise this high again.

The bears in here were every bit as uninformed, lazy and obnoxious as their bullish counterparts who are now cheering "we'll reach 1000 next week". Good thing there's a least a few people I enjoy reading in this forum. The crowd in this thread? Not so much.

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November 07, 2013, 01:42:30 AM
 #79

I was just learned that Bitcoin isn't a ponzi  - which is huge as I think it carries some similarities.  
http://www.youtube.com/watch?v=7u4F8cpzqao
The beauty of the discovery presents market fluctuations and the equivalent crash as a run on the bank, typical of free banking at the turn of the century.  

So when the price crashes, it is nothing more than speculators losing confidence and the resulting a run on the bank.

The June 2011 Bitcoin bank run nearly bankrupted the Bitcoin community, but with every bank run, the Bitcoin community gets stronger and more resilient. The last didn't even come close to bankruptcy.
I was just informed that Bitcoin isent a ponzi

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November 07, 2013, 02:03:42 AM
 #80

I was just learned that Bitcoin isn't a ponzi  - which is huge as I think it carries some similarities.  
http://www.youtube.com/watch?v=7u4F8cpzqao
The beauty of the discovery presents market fluctuations and the equivalent crash as a run on the bank, typical of free banking at the turn of the century.  

So when the price crashes, it is nothing more than speculators losing confidence and the resulting a run on the bank.

The June 2011 Bitcoin bank run nearly bankrupted the Bitcoin community, but with every bank run, the Bitcoin community gets stronger and more resilient. The last didn't even come close to bankruptcy.
I was just informed that Bitcoin isent a ponzi

Why in the world did you think Bitcoin price should not fluctuate wildly? Obviously it can't just go up like a exponential function. I mean if, let's say the stock of Google were not given any price tag at its IPO, and were sold to anyone who made the highest bid, however much that is, even if it's zero, its price would have followed pretty much the same trajectory as Bitcoin, but can we call such a stock a Ponzi simply because its price goes up millions of times in a short time frame? Hell no.

The price history of Bitcoin is simply a reflection of a fact: nothing in the human history, has been traded in this way and has had its whole price history documented.


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