Market cycle : where do you think we are ? (July 11)

[marvinrouge]

Come on guys, let's be objective about this, here's a chart:



It's clear to me than denial was on its ass and on the way out, but just got up for a final pasting before going down for good. ...fear is coming.

So the Despondancy will be at -50  

If you give me $50 for each btc I buy I see no reasons to despond

[sarc]

Come on guys, let's be objective about this, here's a chart:



It's clear to me than denial was on its ass and on the way out, but just got up for a final pasting before going down for good. ...fear is coming.

So the Despondancy will be at -50  

If you give me $50 for each btc I buy I see no reasons to despond

Yes, I'll give you $50 for every bitcoin you buy, but it's an offer open only for a very (very) short time period...

[samson]

Come on guys, let's be objective about this, here's a chart:



It's clear to me than denial was on its ass and on the way out, but just got up for a final pasting before going down for good. ...fear is coming.

This - Denial. Fear coming.

[Rampion]

We had a hint of fear as we went through $88 and $79 like a stone in the water, now with this smallish bounce it seems that it faded away, but it didn't - its still well rooted in the market subconscious, as soon as this bounce reverses towards new lows there will be more fear, but I guess we won't see  REAL fear until sub $50, and true panic approaching the $30s.

[codesuela]

i think a lot of people are in the denial stage, personally i am at the fear stage

[Miz4r]

I think you're all in denial, fear, panic, hope and euphoria at the same time.

[naphto]

Anxiety, obviously

[xorglub]

Volatility makes people go bipolar. We are... all over the place in the spectrum of emotions. Where we are in the actual bubble deflation process, no one knows, could be anything from fear to hope.

[jamesc760]

We've hit the bottom, so yeah we are in Despondency stage.

I am a glass-is-half-full kind of guy.

[samson]

We've hit the bottom, so yeah we are in Despondency stage.

I am a glass-is-half-full kind of guy.

LOL, we're a long way from the Despondency stage.

[bitcryptonit]

We've hit the bottom, so yeah we are in Despondency stage.

I am a glass-is-half-full kind of guy.

LOL, we're a long way from the Despondency stage.

because you said so.

[samson]

We've hit the bottom, so yeah we are in Despondency stage.

I am a glass-is-half-full kind of guy.

LOL, we're a long way from the Despondency stage.

because you said so.

No, because of the sentiment around here : It's not despondent. Everyone doesn't think it's doomed to failure. Not yet anyway....

[telemaco]

I think you're all in denial, fear, panic, hope and euphoria at the same time.

lol, we are all going to end like rpietilla if we are not already

[rampantparanoia]

I think you're all in denial, fear, panic, hope and euphoria at the same time.

so we're all having orgasms?

[Wekkel]

It's still firmly denial. People are already talking about returning to 3-digits..... If history is our guide, it will take longer to wash away the previous run-up.

[samson]

It's still firmly denial. People are already talking about returning to 3-digits..... If history is our guide, it will take longer to wash away the previous run-up.

Three more months.

[IIOII]

It's still firmly denial. People are already talking about returning to 3-digits..... If history is our guide, it will take longer to wash away the previous run-up.

This seems reasonable. Although activity in this board is slowing, we have yet to see a depression like the one after the last bubble.

Of course the model could be misguided.

[semaforo]

   Don't forget that bitcoin is unlike other securities or commodities markets because of the believers. Believers are a market force and the more of us there are the more price stability there will be. My hope is that lots of us are getting in right now. I don't really care if selling is exhausted now or at 20, the main thing is moving as many btc as possible from the weak to the strong hands.

[Comodore]

He man, that stuff does not work!

[marvinrouge]

sorry, fixed