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Author Topic: Bearish!  (Read 632 times)
STT
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September 14, 2020, 11:21:37 PM
 #61

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When everything is so unexpected, nobody saw the drop coming

I'd say quite a few expect the price to pull back alot when we rise from 3000's into nearly 10k above that.   The price is elastic to some extent and pullback and returns to a more average price is quite normal and not that bearish really.   If we get a series of trending lower prices both peaks and declining then you have proper trend to call bearish, we dont have this and opinions can be taken either way.

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September 15, 2020, 08:33:00 AM
 #62

You do not have to have abilities that can see the future, normally in crypto we know that there is not a single person who can see the future, neither anyone in the stock market as well but these sectors has managed to build a whole business out of trying to predict, eventually some win and some lose but everyone keeps on predicting, you can't just say "I don't know" and leave, in that case you shouldn't be in financial sector at all, making money with money is all about assumptions and guessing.

Obviously you are going to have some ideas about what is going to happen in the future, nobody expects you to actually know it, that would be impossible but you should have your own ideas that you do not force to people, if you say "I think this could happen" you are fine, if you say "this will happen be ready!" that is wrong.

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