Denial is fading, fear is approaching

[Rampion]

It looks like the obvious "return to normal" (aka "denial") phase is fading out, as we're heading to the fear phase.

We're now trading below the 200 day EMA. Meanwhile, market depth on the bid side is shallow, no real support till the $60s.

You can start smelling the fear. Many will be burnt in the epic traps we will have. Expect "I lost faith in Bitcoin" kind of threads to slowly start spreading.

It was about time, but still way to go before despair and capitulation.

[Jozzaboy]

It looks like the obvious "return to normal" (aka "denial") phase is fading out, as we're heading to the fear phase.

We're now trading below the 200 day EMA. Meanwhile, market depth on the bid side is shallow, no real support till the $60s.

You can start smelling the fear. Many will be burnt in the epic traps we will have. Expect "I lost faith in Bitcoin" kind of threads to slowly start spreading.

It was about time, but still way to go before despair and capitulation.

Sounds like desperation to fill your short sale 

[phantastisch]

Damn FUD , even if its true, why post it ?

[chufchuf]

What a disgusting graph- you clearly need to use lube when doing anal.

[Rampion]

Damn FUD , even if its true, why post it ?

Why not? This is the speculation subforum. We are discussing the different phases in a bubble deflation. If you are in these subforums you are supposed to be interested in trading and short to mid term price action, no need to have fear, that's for the overemotional and amateurish herd - just watch the trend and act accordingly.

[Jaroslaw]

its so true

[Nemesis]

This kid got burnt for sell low and buy high before. So now he wants to spread FUD for his own interest....

No real support until $60s..... right, does it hurt pulling it from your ass?

[Rampion]

This kid got burnt for sell low and buy high before. So now he wants to spread FUD for his own interest....

No real support until $60s..... right, does it hurt pulling it from your ass?

Of course sold low and bought back at a loss in some occasion, or are 100% of your trades profitable? Always? Wow, then you are a demi-god.

Still, I'm very happy of how I performed so far, I'm still quite ahead in my day trading and very much ahead on my investment. I already recouped it back, I still have some coins I will never sell in a paper wallet (because I don't want to be totally out), and I have plenty of fiat from selling way above $100 that will allow me to at least double (if not more) my coins while having already covered my initial investment, which at the end the day if my end goal in this game.

BTW: No real support until $60s because we went through the $70s like a hot knife through butter. Just look at the depth. Only 10k coins to $70, and you know half of it will be pulled fast. Buying pressure when we hit $72 was ridiculous... Just compare the buying volume in the bounce from $72 to the selling volume on the way down.

Rallies on low volume? Yeah, nice, we all know how that ends up.

[Rampion]

The trend is spam "OMG, its going to the bottom, sell all your coinz!!" crap all over the forum. Great, spread more crap and get rid of anyone stupid enough to believe it and when the majority of coins end up in the hands of a small few the rest of us can switch to something with less FUD backing it and those hoards will become worthless.

The thread is spam? So, bearish analysis is spam? This is good, agressive behavior towards bearish analysis is a sign of nervous fear, we're definitely leaving behind the denial phase.

That's good for you perma-bulls, the sooner despair and capitulation happen, the sooner BTC will go up again. All "bears" in here are just people waiting for a good entry point, you should realize we all believe BTC long term, we are just better with more coins than with fewer of them.

BTW: if you think this thread is "spam" just report it and get it deleted.

[bitleif]

I think OPs analysis makes perfect sense. Judging by the dumbass responses here it's clear that denial is not gone yet, which is why I agree we are only beginning at the real fear phase, and still a ways off from capitulation.

[Jozzaboy]

You know... it's easy to post bull here while shorting bitcoins for shits and giggles, prolonging the thinking that we are in denial and still a long way to go. 

[PrintMule]

Your thread is too obvious and too late.

It serves no purpose, as those "i lost faith" threads or as my post here.



Someone please tell me that such posts/threads do not affect btc market more than 0.01%
Pretty please?
With a cherry on top?

[Rampion]

Your thread is too obvious and too late.

It serves no purpose, as those "i lost faith" threads or as my post here.



Someone please tell me that such posts/threads do not affect btc market more than 0.01%
Pretty please?
With a cherry on top?

These threads do not affect btc market more than 0.00000%. The threads in here are just a rough picture of the sentiment of the hard-core Bitcoin community, which BTW is bullish by nature.

Really, someone has to be a deep retard to believe that his posts in here have any influence at all on the market.

[oda.krell]

Some people in here really need to STFU.

You can go to any other bearish thread and post what you posted here with some justification, but accusing Rampion of spreading "FUD" is just, what's the word, childish. He's been one of the most consistent and consistently thoughtful posters on here. He has been saying for months now that a) we're going down, and b) he's not really worried about the long-term prospects of bitcoin. If your own trading strategy puts you into a level of discomfort, change it. Don't come crying about it in the thread of one of the not-that-many quality posters on this sub-forum.

[RationalSpeculator]

I think your analyses is sound Rampion but I do see you post a lot and with very high confidence. No agenda?

[Comodore]

and now all that are long are gona be frightened.

[tutkarz]

I wonder if people who are crying for the bitcoin price to drop does know what are long time consequences of they wishes. If the price would rise stable they would buy bitcoins and sell they later with profit. But because they are greedy and want more bitcoins, they lowering the price causing all bitcoins to have less value and make it harder for price to recover. Which means all people who could invest or invested will get hit by that including people who are doing this.

And because there are always people who wants the price for bitcoin be low so they can buy cheap it seems like always there will be situations like that. And instead of stable growth of few percent a month we have few people who is playing with price because his 50 000 of bitcoins is not enough yet. And the rest who is following them and helping price to destabilise with their actions only thinks about they little profit which in the long run turns agains them too.

[humanitee]

Gox stopped transfers.

How is everyone missing this? FUD because graphs are retarded in this instance. Fundamentals, people.

[Kaiji]

Bitcoin prices took so many knockdowns these past few months but always came back up. What's worrying about this decline is that it is gradual unlike the sudden drop in prices when Gox or SR shutdown.

[Rampion]

Bitcoin prices took so many knockdowns these past few months but always came back up. What's worrying about this decline is that it is gradual unlike the sudden drop in prices when Gox or SR shutdown.

One thing is a trap (bull or bear), a different one is a trend. The current trend is down.