The Bear Market is officially...OFF?!?

[Rampion]

Where is the "widespread pessimism"?  Other than this thread and your posts I'm not seeing much.

Read the thread. This has already been gone over.

There's no widespread pessimism among traders. Everyone short is looking for the best entry point. They want to buy back. No one is screaming "PONZI!!" like in 2011. And there are now $20M sitting in Gox's order book, which is very close to ATH.

Sure, delusional greed faded away. No more "I have to buy more now or I'm missing the train", no more people stampeding to get their money to the exchange. But even if a bear market might be expected, is nowhere to be seen.

[evolve]

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

[adamstgBit]

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

no its greed 

[evolve]

greed  

No, thats what got us up to 266. We are reaping the consequences of that greed now.

[adamstgBit]

greed  

No, thats what got us up to 266. We are just reaping the consequences of that greed now.

no fear got us up to 266

i know its confusing, but its true.

[molecular]

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

no its greed 

greed  

No, thats what got us up to 266. We are just reaping the consequences of that greed now.

no fear got us up to 266

i know its confusing, but its true.

nice one adam. It's true to a large extent.

[evolve]

I think we just had a very much needed correction and are now consolidating for the next deflationary move.

I disagree, but we should know for sure within the next couple of days if this is true.

[Rampion]

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

We are having a very needed correction - but that's very different from a bear market. Growth we had in the last few weeks before the crash was pure speculative mania, and it was unsustainable.

Yeah, highs keep getting lower - that's expected. But bottoms keep getting higher too. We're reaching a tipping point, we will see if we enter a bear market or not, but you take it from granted and ATM it's not so clear in my book. It may well be consolidation after a correction.

A lot of money poured into Gox, and look at their order book: the money is not running away for now. And mainstream media is still very positive about Bitcoin, which is another huge difference compared to 2011.

[Rampion]

There's no widespread pessimism among traders.

No? Its optimism driving the price down?

no its greed  

greed  

No, thats what got us up to 266. We are just reaping the consequences of that greed now.

no fear got us up to 266

i know its confusing, but its true.

nice one adam. It's true to a large extent.

I completely agree. Just read the wall observer. All the bears are just bulls disguised as bears. Everybody wants back in, not a single rant about how the Bitcoin ponzi destroyed their savings. I don't see all the doom and gloom Evolve sees.

[evolve]

I don't see all the doom and gloom Evolve sees.

Once you do, it'll be too late.  

Just remember, people said all of this in 2011 too.

you take it from granted and ATM it's not so clear in my book. It may well be consolidation after a correction.

I'll be the first to admit that a consolidation back into a bull market is possible, I just don't think its probable.

[Rampion]

I don't see all the doom and gloom Evolve sees.

Once you do, it'll be too late. 

Just remember, people said all of this in 2011 too.

So you are shorting at plus500 or similar service? Or just hoping to buy back lower?

Trying to understand if you really put your money where your mouth is

[evolve]

So you are shorting at plus500 or similar service? Or just hoping to buy back lower?

I am out of the market completely right now.  I'll think about buying back in when the dust settles.

For now, I am happy with the profits I made from this bubble.

[Rampion]

So you are shorting at plus500 or similar service? Or just hoping to buy back lower?

I am out of the market completely right now.  I'll think about buying back in when the dust settles.

Ok, so hoping to buy back lower. Kinda of a bull disguised as a bear you too... But very well disguised, I have to say.

Anyhow: if you'd be so sure we are going down you'd be shorting.

[Odalv]

I don't see all the doom and gloom Evolve sees.

Once you do, it'll be too late. 

Just remember, people said all of this in 2011 too.

- $36 is bear market. If bears manage to get the price under $40 (and keep it under $68 till end of year) then this will depression.

[evolve]

Anyhow: if you'd be so sure we are going down you'd be shorting.

Nope. I dont trade BTC with leverage. Market swings are to large, unpredictable, and can leave you with a margin call even within a known trend.

[evolve]

Kinda of a bull disguised as a bear you too...

No, no, no, no.

"Bull" and "bear" dont describe some overriding market philosophy, just an outlook on the current market.

I really dont know why that's so hard for you people to understand.



From another thread that goes into this a bit:

Have you ever believed the market is going up?

Plenty of times.  Most of the way up to 30 in 2011 and from the point we hit singles (after the 2011 crash) all the way up to about 13 last year.  I've been bullish for a far greater amount of time than I have been bearish on the market.

That's what some of you keep failing to understand.

Just because I think BTC is currently way overvalued, and strongly believe the market is going back down, does not mean I am against bitcoin. In fact, it's quite the opposite. I think for BTC to succeed, its boom and bust economy must fail in favor of a real economy that grows at a natural rate (as opposed to the current economy which is being driven by hype and speculation)...the reality is that we are not even close to that yet.

[Rampion]

Anyhow: if you'd be so sure we are going down you'd be shorting.

Nope. I dont trade BTC with leverage. Market swings are to large, unpredictable, and can leave you with a margin call even within a known trend.

BTC is a bitch, tremendously risky and unpredictable... But still it has too much potential to loose the opportunity to buy.

On the contrary, shorting BTC is simply crazy - even if in a bear market like the 2011 would be very profitable. But who's willing to take that risk now?

Not even evolve.

Bullish signals everywhere, flashing around, staring at you

[evolve]

Just about to ease into some shorts:

Good luck, I learned my lesson about leverage from Bitcoinica ...  

[wamatt]

Just about to ease into some shorts:

Oh boy, you're in for a world of pain son. Shorting a stable if not slightly bull market. Well Good luck with that haha

[fourkey2001]

Just about to ease into some shorts:
https://i.imgur.com/swb1xdr.jpg

Oh boy, you're in for a world of pain son. Shorting a stable if not slightly bull market. Well Good luck with that haha

This is not a bull market.

It is a bear one. Go for it buddy. I have $6000 in waiting to buy BTC at 95