Dumpster Diving Old Forum Threads Helps Maintain Sanity

[FierceRadish]

The battles, the mania, the trolling, the predictions, the confirmed sources, the unhinged ranting...this forum is exhausting.

Everyone is apparently a TA Ninja, or a Zen Fundamentals Master.

That was the case a year ago, and the year before that.

Here's a few snapshots from two pages of speculation forum threads from late April/early May 2013:











Notice any similarities?

People will tell you that this time it's different. And perhaps this time it is. But maybe it isn't. But maybe it is. But maybe it isn't.

It's like sticking your head in a washing machine to find out what the weather's like outside.

[spiderbrain]

It's like sticking your head in a washing machine to find out what the weather's like outside.

so true.

[copernicus]

Thanks for this.  It's hard to maintain sanity when the price is largely sideways for a bit.  Helps to remember the other times. 

[Dalmar]

Technically many of them were right as bitcoin nearly halved in June/July relative to May prices.

[FierceRadish]

Technically many of them were right as bitcoin nearly halved in June/July relative to May prices.

And many more were plain wrong (in terms of near-term price predictions, positive and negative). Some were potentially catastrophically wrong, on a longer time scale.

Signal vs noise.