BTC back to long slow downward trend?

[stonerider]

Now that the hype about coinbase exchange has died down, are we back to the painful slow death?

[HarmonLi]

I really don't think so. The long-long term trend is still upwards! We've seen a strong and sustainable recovery from our sub $200s adventure. The micro-bubble we've seen was just pure speculation in anticipation of the moon-announcement. We'll go up eventually!

[Bit_Happy]

The market is "training" people to think that all rallies will end quickly and buy orders need to be placed at lower levels. When the real upswing starts, many people will be caught by surprise and the momentum higher will be amazing.   

[HarmonLi]

The market is "training" people to think that all rallies will end quickly and buy orders need to be placed at lower levels. When the real upswing starts, many people will be caught by surprise and the momentum higher will be amazing.   

Yeah, every time we go down we reach a moment where we potentially hit 'the real bottom' the further we go down, the higher the risk to dismiss it as just another temporary bottom. At some point we will (maybe this time already have) reach the real turning point!

[ThatDGuy]

The market is "training" people to think that all rallies will end quickly and buy orders need to be placed at lower levels. When the real upswing starts, many people will be caught by surprise and the momentum higher will be amazing.   

This kills the bear

[NotLambchop]

The market is "training" people to think that all rallies will end quickly...

Yes, Smith's Invisible Hand keeps smacking Bitcoiners upside the head.
Pavlov's dogs woulda learned, Bitcoiners?  Not so much...

[MatTheCat]

The market is "training" people to think that all rallies will end quickly and buy orders need to be placed at lower levels. When the real upswing starts, many people will be caught by surprise and the momentum higher will be amazing.  

This kills the bear

Dear oh dear!

Training people to think that all rallies will end quickly / go pop with a big short squeeze, is training people to not give a shit.

Bitcoin bounced so dramatically from it's Dec 2013 crashes, because memory of $1200 coin was still fresh.

$1200 coin is now a distant memory. Not so distant memories are those of Bitcoin continuing to put in a series of what were not so long ago, 'unthinkable lows'. And this is the current market sentiment. Some X-Factor sweeping into town and ramping the price notwithstanding, it takes a long time after a bear market for 'trust' and then positivity to creep back into the market. Right now, even the most long term bullish of Bitcoiners wouldn't be surprised by yet lower lows, although they may hope and pray that $150 bottom was the last of it (it wasn't). That there is your current market sentiment.

Bit-Happy is actually on my ignore list cos way back in the day, I couldnt bear to constantly be reading the mindless positive soundbites, when my overall sentiment on Bitcoin was the exact opposite. I can see nothing has changed.

[ensurance982]

I'd rather like to think we're now on our way to the actual longtime upward-trend!!! Sure, we could go lower still but the bottom in early January did look quite desperate already. Shorting now in anticipation of sub $200 prices is risky. Quite risky in my opinion!

[leex1528]

Now that the hype about coinbase exchange has died down, are we back to the painful slow death?

What hype?  BTC has been going down for the last year consistently, so why would we all of the sudden be "back" to that?

[MatTheCat]

I'd rather like to think we're now on our way to the actual longtime upward-trend!!! Sure, we could go lower still but the bottom in early January did look quite desperate already. Shorting now in anticipation of sub $200 prices is risky. Quite risky in my opinion!

Very risky, so don't so it.

This market is unlikely to take another death plunge anytime soon. More likely is a further correction, and another surge up, before the buying pressure fades away, the market stagnates on low volume for a period, before those with Bitcoins that must be sold, start to sell, pushing the price down, resulting in yet more downwards momentum resulting in a sell-off panic.

[stonerider]

I really don't think so. The long-long term trend is still upwards! We've seen a strong and sustainable recovery from our sub $200s adventure. The micro-bubble we've seen was just pure speculation in anticipation of the moon-announcement. We'll go up eventually!

When you say "long term trend", you mean from like 2010 when a btc was worth $0.0000000000000000000000000001?

I'm concerned with the more recent long-term trend, like from Jan'2014, when a btc was worth over $800. From this perspective, in spite of all the good news, merchant adoptions and strong fundamentals, btc suffered a long, slow, slide downward.

[ensurance982]

I'd rather like to think we're now on our way to the actual longtime upward-trend!!! Sure, we could go lower still but the bottom in early January did look quite desperate already. Shorting now in anticipation of sub $200 prices is risky. Quite risky in my opinion!

Very risky, so don't so it.

This market is unlikely to take another death plunge anytime soon. More likely is a further correction, and another surge up, before the buying pressure fades away, the market stagnates on low volume for a period, before those with Bitcoins that must be sold, start to sell, pushing the price down, resulting in yet more downwards momentum resulting in a sell-off panic.

I actually don't intend on shorting, at all. I'm bullish and also don't even think about touching leveraged instruments. So you think there won't be any turnaround, at all? I do think we'll go back up sooner rather than later.

[stonerider]

I believe the btc matra throughout 2014 was "we'll go back up sooner rather than later." Why is it different in 2015?

[Mellnik]

Now that the hype about coinbase exchange has died down, are we back to the painful slow death?

No. Dumb question.

[stonerider]

^^^^^^
There are no dumb questions, only dumb answers.

[BitCoinNutJob]

Now that the hype about coinbase exchange has died down, are we back to the painful slow death?

We had to pull back a little after going from $160 to $315 quickly dont you think? can just grow nearly double like that and not expect some consolidation.

[RodeoX]

Since so many people know the answer to this, can I ask where I left my car keys?

[stonerider]

$238 now from $255 an hour ago. 

[ensurance982]

$238 now from $255 an hour ago. 

Mirco-bubble popping in time-lapse now. Nothing to see here in my opinion. People should feel free to short now or "cut their loose" but please don't complain afterwards that you had to buy back at a premium afterwards!

[BitCoinNutJob]

Since so many people know the answer to this, can I ask where I left my car keys?

you left your Ferrari car keys @ $1200

i did the same