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Author Topic: Why the pessimism?  (Read 4091 times)
dree12
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February 02, 2012, 11:54:10 PM
 #1

Wow, I read the first couple threads on this board:
red: bearish green: bullish black: neutral. Apologies to the R/G colorblind.
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  • OP mentions he is selling. WTF?

Seriously, where did all the bulls that were so omnipresent a while back go? I don't consider myself a permabull, but I'm still starting to feel alone here. Here's a chart to make you all feel better:

So bearish, I know...
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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proudhon
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February 03, 2012, 12:02:03 AM
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Quote
Why the pessimism?

adamstgBit
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February 03, 2012, 12:06:01 AM
 #3

lol i'm a bull!

when we saw 2.5 jump to 3.5ish i said: "we are seeing the start of a never ending bull run" and i stand by that statement.

when bitcoin is worth 1800/oz ops i mean /btc i will be saying "we will see 2000$ by then end of the year"

 Cheesy happy trading

RaggedMonk
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February 03, 2012, 12:07:17 AM
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There are always alarmist threads in speculation...  This isn't new; this is business as usual.

This is the worst subforum to get trading advice  Cheesy
bittenbob
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February 03, 2012, 12:15:57 AM
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Don't be upset at the pessimism. It is probably a sign that we are actually going up.
teflone
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February 03, 2012, 12:16:08 AM
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Why the pessimism?



This....

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dree12
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February 03, 2012, 12:22:09 AM
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...means that everyone is optimistic. That is not the reason everyone is pessimistic.
SkRRJyTC
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February 03, 2012, 12:23:13 AM
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...means that everyone is optimistic. That is not the reason everyone is pessimistic.

All it means is that some at Bitcoinica are overly optimistic
teflone
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February 03, 2012, 12:23:44 AM
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...means that everyone is optimistic. That is not the reason everyone is pessimistic.

This also signifies bitcoinicas position...  and a raping we will go..

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notme
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February 03, 2012, 12:29:09 AM
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...means that everyone is optimistic. That is not the reason everyone is pessimistic.

All it means is that some at Bitcoinica are overly optimistic

No, it just means more people are holding their margins in BTC over USD.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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RyNinDaCleM
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February 03, 2012, 12:32:15 AM
 #11

I think something in the back of the minds of anyone who is here for profit (either BTC or Fiat), is the fact that a few different people could decimate this market in nearly an instant. Who knows?  Maybe they're just waiting hoping for the $2 BTC again.

teflone
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February 03, 2012, 12:32:51 AM
 #12

I think something in the back of the minds of anyone who is here for profit (either BTC or Fiat), is the fact that a few different people could decimate this market in nearly an instant. Who knows?  Maybe they're just waiting hoping for the $2 BTC again.

Exactly... 

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ineededausername
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February 03, 2012, 12:45:41 AM
 #13

boom, spike down.

Thanks, Bitcoinica.  Only perfect indicator there is Smiley

(BFL)^2 < 0
teflone
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February 03, 2012, 12:46:45 AM
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boom, spike down.

Thanks, Bitcoinica.  Only perfect indicator there is Smiley

THANKS BITCOINICA!!!!!!!!!!!!!!!

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RyNinDaCleM
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February 03, 2012, 12:48:26 AM
 #15

boom, spike down.

Thanks, Bitcoinica.  Only perfect indicator there is Smiley

Not quite the effect you guys where looking for though. That wasn't even a squeeze, and it's retraced back to 5.95.

teflone
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February 03, 2012, 12:50:20 AM
 #16

boom, spike down.

Thanks, Bitcoinica.  Only perfect indicator there is Smiley

Not quite the effect you guys where looking for though. That wasn't even a squeeze, and it's retraced back to 5.95.

Ya, just enough to liquidate a bunch of people..  ya.. nothing wrong with that..

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byronbb
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February 03, 2012, 12:51:16 AM
 #17

lol the irony of the op

proudhon
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February 03, 2012, 12:52:13 AM
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I fucking love that starfish.
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February 03, 2012, 12:52:54 AM
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Crypt_Current
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February 03, 2012, 12:55:17 AM
 #20

boom, spike down.

Thanks, Bitcoinica.  Only perfect indicator there is Smiley

Not quite the effect you guys where looking for though. That wasn't even a squeeze, and it's retraced back to 5.95.

Ya, just enough to liquidate a bunch of people..  ya.. nothing wrong with that..

This is why I sold my position down to a manageable base price yesterday during that spike up.  *yawn* bring on the real rollercoaster.

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