Bear Thread!

[Vandroiy]

So, I was thinking we would fall lower than 6 anyway, and then all this chaos happened, plus I've yet to meet a single user who came because of that TV show. In addition, we've had an overpopulation of short-term bulls lately, remember those polls and threads according to which 8 should be topped by now?

It's hard to model how much money might have been just leveraged in that rally. But I can guess that some people with money shooed away for now, because of the obvious trouble in keeping the up-trend. I could imagine that there isn't enough money waiting to catch a high-volume panic, which we haven't seen in quite a while. And the more people buy high up, the less BTC it would take to drain the funds.

Am I the only one who thinks it looks unstable?

[1713570839]

1713570839

[1713570839]

1713570839

[1713570839]

1713570839

[1713570839]

1713570839

[proudhon]

Am I the only one who thinks it looks unstable?

No.

[bittenbob]

Now you just need nagle and you got all your permabears

[RogerR]

Well, thanks to Bitcoinica I must say I no longer believe in a soaring bitcoin value ever again. The leveraged margin trading to counter-balance any overheated situation of a (highly subjectively priced) commodity is causing exactly this very environment - in both directions. Without any long-term price stability however, I'm afraid bitcoin serves no purpose other than a digital footstep of wasted computational powers and energy.

[notme]

Volatility is what will bring in more traders.... new traders = new usd = price goes up.

Volatility is good for growth, as long as nobody with a lot of bitcoins decides to spike it clear to the ground.  I don't know why anyone would do that.

Edit: Short term, I'm not betting against a drop other than with my long term holdings.  It will take time for new traders to get in, and many traders got burned hard, but they are the permabulls you complain about.

[Vandroiy]

Edit: I was thinking bittenbob included me as a permabear so I did a count Leaving that here instead of the original post, just because.

Since I joined, I have been bull 60% of the time, but bear only 40% of the time. I switched camps four times. I was actually still fairly bullish mid-December.

[pirateat40]

Bear Vs. Bull  Claws always win.

[bittenbob]

Now you just need nagle and you got all your permabears

Me? Ahahah someone hasn't been paying attention. Let's count... hm.

Since I joined, I have been bull 60% of the time, but bear only 40% of the time. I switched camps four times. I was actually still fairly bullish mid-December, when you were long on here already.

If being bearish for more than three weeks makes one a "permabear", the terminology is a little deceiving, isn't it?

Is your name Nagle?

[RogerR]

Volatility is what will bring in more traders.... new traders = new usd = price goes up.

Volatility is good for growth, as long as nobody with a lot of bitcoins decides to spike it clear to the ground.  I don't know why anyone would do that.

Edit: Short term, I'm not betting against a drop other than with my long term holdings.  It will take time for new traders to get in, and many traders got burned hard, but they are the permabulls you complain about.

Volatility alone won't bring in new traders, predictability does. If you're a fan of quasi-randomness, you stick with the regular lottery - but even there are strategies to maximize your returns.

I was actually short at around $7 when I saw those 30k bitcoin walls pop up at 6.4 and 6.6 or so, with practically nothing to go to $9. So I changed my 2k$ into a long-position with - what I thought - moderate risks involved, and yeah... we all know the story.

You won't see any big players coming into a market like this, and the little $10-100 gamblers won't matter enough to change the name of the game.

[Vandroiy]

Is your name Nagle?

Ah, okay. Sorry, misunderstood there. I didn't think a single permabear posting would be significant, so I just assumed you included me in the group.

But it made me count how long I was bull and bear, so maybe something was gained from the confusion?

[jojo69]

I am the most religious bear you will ever meet

roughly 45% of the time

[legitnick]

[jojo69]

oh jeez nick

deep breaths man

[notme]

Volatility is what will bring in more traders.... new traders = new usd = price goes up.

Volatility is good for growth, as long as nobody with a lot of bitcoins decides to spike it clear to the ground.  I don't know why anyone would do that.

Edit: Short term, I'm not betting against a drop other than with my long term holdings.  It will take time for new traders to get in, and many traders got burned hard, but they are the permabulls you complain about.

Volatility alone won't bring in new traders, predictability does. If you're a fan of quasi-randomness, you stick with the regular lottery - but even there are strategies to maximize your returns.

I was actually short at around $7 when I saw those 30k bitcoin walls pop up at 6.4 and 6.6 or so, with practically nothing to go to $9. So I changed my 2k$ into a long-position with - what I thought - moderate risks involved, and yeah... we all know the story.

You won't see any big players coming into a market like this, and the little $10-100 gamblers won't matter enough to change the name of the game.

That's just it though.... Lots of inexperienced traders playing with leverage leads to big profit opportunities like yesterday.  The big players are influential enough that they can kick start things.  I'm not a big player, but I've seen enough of this market to expect this kind of behavior.  I did well yesterday and invite that to continue to happen, despite my long term long position.

[chsados]

GIFSoup

DIE!

[arepo]

Am I the only one who thinks it looks unstable?

i agree. we were waiting for that rally for far too long. everyone expected a rocket to the moon with CES, the TV show, and it didn't happen. then there was a huge dump, a veritable bull slaughterhouse. we're still having the burgers. the triple, quadruple top means it's a bear market now.

[notme]

Am I the only one who thinks it looks unstable?

i agree. we were waiting for that rally for far too long. everyone expected a rocket to the moon with CES, the TV show, and it didn't happen. then there was a huge dump, a veritable bull slaughterhouse. we're still having the burgers. the triple, quadruple top means it's a bear market now.

Dollar's taking a dump now... Risk On.  Good luck stopping the flight from dollars to anything that's got a shot at going up or even just staying level, or dropping slower.

[arepo]

LAWL @ bitcoin being a safer investment than dollars. it's POSSIBLE for bitcoin to be $1 tomorrow.

dollar goes down, gold & silver goes up. bitcoin will remain volatile at a scale much larger than fluctuations in established currencies until its utility increases significantly.

[notme]

LAWL @ bitcoin being a safer investment than dollars. it's POSSIBLE for bitcoin to be $1 tomorrow.

dollar goes down, gold & silver goes up. bitcoin will remain volatile at a scale much larger than fluctuations in established currencies until its utility increases significantly.

LAWL if you hold significant USDs.  Have fun with that.

[Hunterbunter]

Bear Vs. Bull  Claws always win.

lol..piercing gashing dagger horns count for nothing?