Bitcoin Forum
December 06, 2016, 10:13:58 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Important Announcement: Bitcoin Market moving from Denial to Fear phase!  (Read 1328 times)
HappyFunnyFoo
Full Member
***
Offline Offline

Activity: 125


View Profile
September 15, 2011, 02:25:36 PM
 #1

Hey, guys, it's the truth telling HappyFunnyFoo.  In today's report, he's going to remind everyone that he was dead on with his original post back when bitcoin was tanking and at $13-$14 per coin.  In that original post, he stated that bitcoin traders were experiencing the denial phase of a market bubble.  He was heavily rebuked by idiots - idiots in denial, of course!

Now bitcoin is trading at 45% of the value that it was at in that original post.  We're moving on to the fear phase.  More to come.

And, as always, here's a handy graph of what a market bubble looks like.  Hope you guys are having fun losing money, el oh el oh el oh el


Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481062438
Hero Member
*
Offline Offline

Posts: 1481062438

View Profile Personal Message (Offline)

Ignore
1481062438
Reply with quote  #2

1481062438
Report to moderator
1481062438
Hero Member
*
Offline Offline

Posts: 1481062438

View Profile Personal Message (Offline)

Ignore
1481062438
Reply with quote  #2

1481062438
Report to moderator
grod
Full Member
***
Offline Offline

Activity: 154


View Profile
September 15, 2011, 02:31:17 PM
 #2

Not appropos.  If you look at deepbit, the hashing power we have now is maybe 10% off of all time highs.  This is enough of a sample for me to project that 90% of the bitcoin community are still strongly bullish on bitcoin.   That doesn't match "fear" or any synonyms thereof.

More likely we just haven't had any fresh meat cough up millions a month to pay us miners lately.
druid
Jr. Member
*
Offline Offline

Activity: 54


View Profile
September 15, 2011, 02:34:36 PM
 #3

OR maybe we are already passing the "How could I have been so wrong?" phase Smiley
Bigpiggy01
Hero Member
*****
Offline Offline

Activity: 616



View Profile
September 15, 2011, 02:36:30 PM
 #4

Quote
More likely we just haven't had any fresh meat cough up millions a month to pay us miners lately.

+1

Quote
OR maybe we are already passing the "How could I have been so wrong?" phase

Absolutely!

Quote
Hope you guys are having fun losing money, el oh el oh el oh el

Ummmm some of us are actually up in both BTC and fiat Grin

Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
September 15, 2011, 02:46:32 PM
 #5

Not appropos.  If you look at deepbit, the hashing power we have now is maybe 10% off of all time highs.  This is enough of a sample for me to project that 90% of the bitcoin community are still strongly bullish on bitcoin.   That doesn't match "fear" or any synonyms thereof.

I believe these people broadly fall into the following groups:

1. Bitcoin optimists.  The price will be higher tomorrow, so mine today.

2. Cheap power users.  $5 is still profitable if it costs $3 to make the bitcoin.  The gear is already purchased anyway.

3. Free power users (someone else is paying).  Why ever stop mining?

4. Libertarians.  They will never stop mining.

The percentage distribution between these three groups is anyone's guess, but I'd say #3 is the smallest.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Bigpiggy01
Hero Member
*****
Offline Offline

Activity: 616



View Profile
September 15, 2011, 02:54:55 PM
 #6

Quote
The percentage distribution between these three groups is anyone's guess, but I'd say #3 is the smallest.

A few of us geeks can actually do the math and get the power company a nice baggie of something from Silk Road along with a couple of ladies of the night and voila  Grin

Granted that's not the same as free but it's pretty close.

Jixtreme
Full Member
***
Offline Offline

Activity: 121


View Profile
September 15, 2011, 03:45:37 PM
 #7

I believe these people broadly fall into the following groups:

1. Bitcoin optimists.  The price will be higher tomorrow, so mine today.

2. Cheap power users.  $5 is still profitable if it costs $3 to make the bitcoin.  The gear is already purchased anyway.

3. Free power users (someone else is paying).  Why ever stop mining?

4. Libertarians.  They will never stop mining.

The percentage distribution between these three groups is anyone's guess, but I'd say #3 is the smallest.

According to this scientific chart, groups 1-3 are damn socialists...  Tongue



NOTE: this chart is NOT based on a log-scale  Roll Eyes
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
September 15, 2011, 04:03:30 PM
 #8

NOTE: this chart is NOT based on a log-scale  Roll Eyes
Yeah libertarians love these charts, especially the one with the "political compass"

It's all bullshit, the zero point is the natural state of Man, while every agenda has its own axis towards tyranny. Also you cannot put one agenda against another each has it's own axis. Every agenda increases tyranny, even when you can't draw that on a sheet of paper or graph it in space.




OP: what makes you so sure that we are still so early in the phases? The selloff last week where we reached 4.18 could alredy qualify as the panic phase. Or were even the point of Maximum Financial Opportunity.

It's easy to classify these in retrospect, but you can't just say that the emotional outbursts have to be that or that severe. There is always some larger scale, just classifying it by words doesn't really help.
The one mans terror might be the other mans everyday life... who knows.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Dargo
Legendary
*
Offline Offline

Activity: 1554



View Profile
September 15, 2011, 05:13:45 PM
 #9

Like the OP's chart, but the upswing is missing a few steps. Before hope come bearish skepticism and denial ("this is just a short term bounce and we will go lower again soon").
Vandroiy
Legendary
*
Offline Offline

Activity: 1036


View Profile
September 15, 2011, 06:36:58 PM
 #10

Ahaha, that Libertarian chart is awesome! Yep, that's the world from my eyes. I like the axes inverted though, and leave a tiny little spot for the anarchists at the origin; they're admittedly no damn socialists, though similarly crazy IMO. Wink
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!