The Despondancy Stage

[sgbett]

Dunno about anyone else but thats where I am!

For me its characterised by all the fear of price drop having gone, and an increasing sense of apathy. I log into BTC and can barely be bother to click any threads any more.

Everyone's seen the chart obviously...

http://optionalpha.com/the-14-stages-of-investor-emotions-and-trading-psychology-10433.html

I think this one is also a good match, in that stage 13 looks really familiar!

[NotHatinJustTrollin]

That chart works for markets with good fundamentals, not for bubbles for which demand is gone and keeps decreasing.


You seem to keep taking for granted that BTC will go in a strong bull market again. That's an assumption that might be totally wrong.

[thresher]

That chart works for markets with good fundamentals, not for bubbles for which demand is completely gone.


You seem to keep taking for granted that BTC will go in a strong bull market again. That's an assumption that might be totally wrong.

An assumption that might be totally wrong


Holy shit buy, buy, buy a permbear troll lost faith btc will go to 0 ahhhhhh!!!!!!!

[Thomas-s]

That chart works for markets with good fundamentals, not for bubbles for which demand is completely gone.


You seem to keep taking for granted that BTC will go in a strong bull market again. That's an assumption that might be totally wrong.

An assumption that might be totally wrong


Holy shit buy, buy, buy a permbear troll lost faith btc will go to 0 ahhhhhh!!!!!!!

There is still no reason to buy Bitcoin other than to trade or buy drugs.

[HeliKopterBen]

That chart works for markets with good fundamentals, not for bubbles for which demand is gone and keeps decreasing.


You seem to keep taking for granted that BTC will go in a strong bull market again. That's an assumption that might be totally wrong.

In other words:  Told you so. 
See # 14

[knight22]

That chart works for markets with good fundamentals, not for bubbles for which demand is gone and keeps decreasing.

Maybe if you go outside the speculation sub you might be get a clue  

[NotHatinJustTrollin]

That chart works for markets with good fundamentals, not for bubbles for which demand is gone and keeps decreasing.


You seem to keep taking for granted that BTC will go in a strong bull market again. That's an assumption that might be totally wrong.

Maybe if you go outside the speculation sub you might be get a clue  

I do, and what I see is pretty bad 

[oda.krell]

That chart works for markets with good fundamentals, not for bubbles for which demand is gone and keeps decreasing.


You seem to keep taking for granted that BTC will go in a strong bull market again. That's an assumption that might be totally wrong.

Exactly. It's an assumption, not better or worse than the opposite one.

And that's also how you distinguish posts (and users) that are worth reading from those that are not, bulls and bears alike:

"No way Bitcoin could possibly fail. Only chance for that to happen would be Space Lizard manipulation. 10k USD per coin early next year, for sure!"

and

"Get out while you can! The bubble has finally popped for good. No chance it'll recover from this. The network and its currency is worthless!"

are equally worthless.

The only difference between bull trolls and bear trolls: among the latter there's a much larger share of newly registered accounts. Could be because of the ongoing bear market (and because the very earliest investors aren't bearish enough yet), but could also be because the bear trolls don't stick around once the market recovers.

[Torque]

The only difference between bull trolls and bear trolls: among the latter there's a much larger share of newly registered accounts.

Bear trolls have throwaway bull troll accounts also, which they are happy to log into during a rally and post stupid "To da moon!" posts and pics of rockets and trains.  Because they are day traders, and all they care about is people buying during a rally (so they can eventually take profit).

but could also be because the bear trolls don't stick around once the market recovers.

The true bull long investors on this board are probably still reading occasionally, but don't bother to even post right now and haven't for nearly a year.  Their posts and threads would just get lost in all this troll dribble.


This whole sub forum is a complete farce.  With the exception of a few posters, I don't believe that most of the people posting here are honest.

[NotLambchop]

...I don't believe that most of the people posting here are honest.

Bite your tongue!  This forum is about money, and everyone knows that money brings out only the best in man

[oda.krell]

This whole sub forum is a complete farce.  With the exception of a few posters, I don't believe that most of the people posting here are honest.

Beg to disagree. We're in the most brutal bear market bitcoin has seen so far (2011 was more drastic in price change alone, but measure by price change and duration, 2014 to now is much worse I'd say).

What else could this forum look like in a state like that?

If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.

The failed May/July reversal really changed that optimistic outlook. Until the next, even bigger capitulation in October. Then the reversal after that one failed as well. New capitulation, January, even lower price, even higher volume. And it's not at all clear to me where we're heading right now.

My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.

So the bears, on the market and in the subforum are running the show for now. I agree that probably quite a few of them are disingenuous, in the sense that they're not really here to "warn the delusional bulls" about the price decline. But whatever the reasons are for them to post here, they use the same hyperbole the bulls rely on when the market is up.

That's where I see the similarity: if you can't acknowledge bitcoin might fail after all, it's not much better in my view than if you can't acknowledge it might succeed (and price will recover). Everything between those two extremes is a valid opinion, and I like reading it usually.

[dropt]

That chart works for markets with good fundamentals, not for bubbles for which demand is completely gone.


You seem to keep taking for granted that BTC will go in a strong bull market again. That's an assumption that might be totally wrong.

An assumption that might be totally wrong


Holy shit buy, buy, buy a permbear troll lost faith btc will go to 0 ahhhhhh!!!!!!!

There is still no reason to buy Bitcoin other than to trade or buy drugs.

That is not true.  I haven't had a credit card in 12 years, use Bitcoin all the time for flights and hotels.  In fact I'm going to SEA for a couple months and everything has been booked with BTC.

[bluemoon]

I've been sitting tight hodling since October 2012.

I remember feeling quite well off November 2013 time, but yep, the rollercoaster's been playing a bit rough since; I still think it beats putting the money in the bank or stock market though.

I've found it's helped moving somewhere sunny and living off the proceeds of the house while bitcoin makes its mind up.

[Torque]

If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.

....

My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.

Again, I don't think most of those so-called "bulls" were genuine at all, only a small percentage were real bull long investors that truly care about bitcoin's future.  Most of those older bull accounts just belong to disingenuous day traders flipping the script during a rally to "To da moon!", how bitcoin will change the world, bogus charts, rockets/trains, sky high predictions, and other such nonsense because it serves their purpose at the moment.  

And declarations of "The bottom MUST be in!" is just bull trap fodder spread by day traders trying to unload more coins.

Once the rally is over, they eventually log out of those bull accounts, and back into their bear troll accounts and go to town.  Starting the bullshit cycle all over again.  

If you are a newbie that comes here in the middle of a rally, then the joke is on you.  You already missed the train for a long while.

The good news for true longs is, now during the "Despondancy Stage" is probably a very good time to buy.

[ParabellumLite]

If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.

....

My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.

Again, I don't think most of those so-called "bulls" were genuine at all, only a small percentage were real bull long investors that truly care about bitcoin's future.  Most of those older bull accounts just belong to disingenuous day traders flipping the script during a rally to "To da moon!", how bitcoin will change the world, bogus charts, rockets/trains, sky high predictions, and other such nonsense because it serves their purpose at the moment.  

And declarations of "The bottom MUST be in!" is just bull trap fodder spread by day traders trying to unload more coins.

Once the rally is over, they eventually log out of those bull accounts, and back into their bear troll accounts and go to town.  Starting the bullshit cycle all over again.  

If you are a newbie that comes here in the middle of a rally, then the joke is on you.  You already missed the train for a long while.

The good news for true longs is, now during the "Despondancy Stage" is probably a very good time to buy.

Thanks for shedding some realism on the situation. Most people here have never been interested in Bitcoin or its applications: that simply is a myth. Before I said that 80 or maybe 90% of the people posting here are only in it for the money, and not for the tech, and I'm gonna stick with that. There's an active movement, and that includes you too SgtBett, that actively makes people dream of wealth and grandeur in the future. People only lose when they sell according to their philosophy, while the best thing to do throughout 2014, save during some short lived bumps upwards, was to instantly sell all your Bitcoins.

I know the comparison is highly unpopular here, but I still believe that Bitcoin has a lot in common with a ponzi scheme. There is tremendous peer pressure to stay into the 'game', if only to fill the pockets of people that were here before. I almost on a daily basis see people advising new members, that mostly have no clue about Bitcoin or where the price is headed, to buy as much as they can and 'hold'. It really is sickening to see sometimes.

[knight22]

If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.

....

My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.

Again, I don't think most of those so-called "bulls" were genuine at all, only a small percentage were real bull long investors that truly care about bitcoin's future.  Most of those older bull accounts just belong to disingenuous day traders flipping the script during a rally to "To da moon!", how bitcoin will change the world, bogus charts, rockets/trains, sky high predictions, and other such nonsense because it serves their purpose at the moment.  

And declarations of "The bottom MUST be in!" is just bull trap fodder spread by day traders trying to unload more coins.

Once the rally is over, they eventually log out of those bull accounts, and back into their bear troll accounts and go to town.  Starting the bullshit cycle all over again.  

If you are a newbie that comes here in the middle of a rally, then the joke is on you.  You already missed the train for a long while.

The good news for true longs is, now during the "Despondancy Stage" is probably a very good time to buy.

Thanks for shedding some realism on the situation. Most people here have never been interested in Bitcoin or its applications: that simply is a myth. Before I said that 80 or maybe 90% of the people posting here are only in it for the money, and not for the tech, and I'm gonna stick with that. There's an active movement, and that includes you too SgtBett, that actively make people dream of wealth and grandeur in the future. People only lose when they sell according to their philosophy, while the best thing to do throughout 2014, save during some short lived bumps upwards, was to instantly sell all your Bitcoins.

I know the comparison is highly unpopular here, but I still believe that Bitcoin has a lot in common with a ponzi scheme. There is tremendous peer pressure to stay into the 'game', if only to fill the pockets of people that were here before. I almost on a daily basis see people advising new members, that mostly have no clue about Bitcoin or where the price is headed, to buy as much as they can and 'hold'. It really is sickening to see sometimes.

Why are you even here? Stop wasting your time and leave.

[ParabellumLite]

If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.

....

My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.

Again, I don't think most of those so-called "bulls" were genuine at all, only a small percentage were real bull long investors that truly care about bitcoin's future.  Most of those older bull accounts just belong to disingenuous day traders flipping the script during a rally to "To da moon!", how bitcoin will change the world, bogus charts, rockets/trains, sky high predictions, and other such nonsense because it serves their purpose at the moment.  

And declarations of "The bottom MUST be in!" is just bull trap fodder spread by day traders trying to unload more coins.

Once the rally is over, they eventually log out of those bull accounts, and back into their bear troll accounts and go to town.  Starting the bullshit cycle all over again.  

If you are a newbie that comes here in the middle of a rally, then the joke is on you.  You already missed the train for a long while.

The good news for true longs is, now during the "Despondancy Stage" is probably a very good time to buy.

Thanks for shedding some realism on the situation. Most people here have never been interested in Bitcoin or its applications: that simply is a myth. Before I said that 80 or maybe 90% of the people posting here are only in it for the money, and not for the tech, and I'm gonna stick with that. There's an active movement, and that includes you too SgtBett, that actively make people dream of wealth and grandeur in the future. People only lose when they sell according to their philosophy, while the best thing to do throughout 2014, save during some short lived bumps upwards, was to instantly sell all your Bitcoins.

I know the comparison is highly unpopular here, but I still believe that Bitcoin has a lot in common with a ponzi scheme. There is tremendous peer pressure to stay into the 'game', if only to fill the pockets of people that were here before. I almost on a daily basis see people advising new members, that mostly have no clue about Bitcoin or where the price is headed, to buy as much as they can and 'hold'. It really is sickening to see sometimes.

Why are you even here? Stop wasting your time and leave.

This again: this instant agressiveness against anything that goes against the status quo here. If you rather not read it, press the 'ignore' button as quite a few people tend to do here. A sign of utter intellectual weakness (as it boils down to plugging your eyes and saying 'lalalalala can't hear you!'), but go ahead if that makes you feel better.

The reason why I'm here is simply because I still tend to read these boards now and then. I find it highly interesting how Bitcoin is developing and how it goes down, despite the vast euphoria that I witnessed here. Not to laugh at the people that really lost a lot of money - as I honestly feel for them - but more as a social experiment. Cultism is what will hurt a lot of people that read these boards.

[knight22]

Why are you even here? Stop wasting your time and leave.

This again: this instant agressiveness against anything that goes against the status quo here. If you rather not read it, press the 'ignore' button as quite a few people tend to do here. A sign of utter intellectual weakness (as it boils down to plugging your eyes and saying 'lalalalala can't hear you!'), but go ahead if that makes you feel better.

The reason why I'm here is simply because I still tend to read these boards now and then. I find it highly interesting how Bitcoin is developing and how it goes down, despite the vast euphoria that I witnessed here. Not to laugh at the people that really lost a lot of money - as I honestly feel for them - but more as a social experiment. Cultism is what will hurt a lot of people that read these boards.

People are well aware of the volatility and most people here are putting only recreational money then trolling each others depending on their positions. What's wrong about that? I think you are way too much concerned.

[epilido]

If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.

....

My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.

Again, I don't think most of those so-called "bulls" were genuine at all, only a small percentage were real bull long investors that truly care about bitcoin's future.  Most of those older bull accounts just belong to disingenuous day traders flipping the script during a rally to "To da moon!", how bitcoin will change the world, bogus charts, rockets/trains, sky high predictions, and other such nonsense because it serves their purpose at the moment.  

And declarations of "The bottom MUST be in!" is just bull trap fodder spread by day traders trying to unload more coins.

Once the rally is over, they eventually log out of those bull accounts, and back into their bear troll accounts and go to town.  Starting the bullshit cycle all over again.  

If you are a newbie that comes here in the middle of a rally, then the joke is on you.  You already missed the train for a long while.

The good news for true longs is, now during the "Despondancy Stage" is probably a very good time to buy.

Thanks for shedding some realism on the situation. Most people here have never been interested in Bitcoin or its applications: that simply is a myth. Before I said that 80 or maybe 90% of the people posting here are only in it for the money, and not for the tech, and I'm gonna stick with that. There's an active movement, and that includes you too SgtBett, that actively make people dream of wealth and grandeur in the future. People only lose when they sell according to their philosophy, while the best thing to do throughout 2014, save during some short lived bumps upwards, was to instantly sell all your Bitcoins.

I know the comparison is highly unpopular here, but I still believe that Bitcoin has a lot in common with a ponzi scheme. There is tremendous peer pressure to stay into the 'game', if only to fill the pockets of people that were here before. I almost on a daily basis see people advising new members, that mostly have no clue about Bitcoin or where the price is headed, to buy as much as they can and 'hold'. It really is sickening to see sometimes.

Why are you even here? Stop wasting your time and leave.

This again: this instant agressiveness against anything that goes against the status quo here. If you rather not read it, press the 'ignore' button as quite a few people tend to do here. A sign of utter intellectual weakness (as it boils down to plugging your eyes and saying 'lalalalala can't hear you!'), but go ahead if that makes you feel better.

The reason why I'm here is simply because I still tend to read these boards now and then. I find it highly interesting how Bitcoin is developing and how it goes down, despite the vast euphoria that I witnessed here. Not to laugh at the people that really lost a lot of money - as I honestly feel for them - but more as a social experiment. Cultism is what will hurt a lot of people that read these boards.

hi im new here how to post and how to use this forum  

Don't buy: you have been warned this time, and probably no one else will warn you anymore. From now on, everyone will tell you that Bitcoin will be worth 10.000 bucks in 1 month or 1 year, and that the bottom has been 'reached'. If you have bought, sell now. Heed my words, as people like you always lose money. Walk away and never look back.

Wow sounds like 2 differentdifferent people.

[ParabellumLite]

If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.

....

My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.

Again, I don't think most of those so-called "bulls" were genuine at all, only a small percentage were real bull long investors that truly care about bitcoin's future.  Most of those older bull accounts just belong to disingenuous day traders flipping the script during a rally to "To da moon!", how bitcoin will change the world, bogus charts, rockets/trains, sky high predictions, and other such nonsense because it serves their purpose at the moment.  

And declarations of "The bottom MUST be in!" is just bull trap fodder spread by day traders trying to unload more coins.

Once the rally is over, they eventually log out of those bull accounts, and back into their bear troll accounts and go to town.  Starting the bullshit cycle all over again.  

If you are a newbie that comes here in the middle of a rally, then the joke is on you.  You already missed the train for a long while.

The good news for true longs is, now during the "Despondancy Stage" is probably a very good time to buy.

Thanks for shedding some realism on the situation. Most people here have never been interested in Bitcoin or its applications: that simply is a myth. Before I said that 80 or maybe 90% of the people posting here are only in it for the money, and not for the tech, and I'm gonna stick with that. There's an active movement, and that includes you too SgtBett, that actively make people dream of wealth and grandeur in the future. People only lose when they sell according to their philosophy, while the best thing to do throughout 2014, save during some short lived bumps upwards, was to instantly sell all your Bitcoins.

I know the comparison is highly unpopular here, but I still believe that Bitcoin has a lot in common with a ponzi scheme. There is tremendous peer pressure to stay into the 'game', if only to fill the pockets of people that were here before. I almost on a daily basis see people advising new members, that mostly have no clue about Bitcoin or where the price is headed, to buy as much as they can and 'hold'. It really is sickening to see sometimes.

Why are you even here? Stop wasting your time and leave.

This again: this instant agressiveness against anything that goes against the status quo here. If you rather not read it, press the 'ignore' button as quite a few people tend to do here. A sign of utter intellectual weakness (as it boils down to plugging your eyes and saying 'lalalalala can't hear you!'), but go ahead if that makes you feel better.

The reason why I'm here is simply because I still tend to read these boards now and then. I find it highly interesting how Bitcoin is developing and how it goes down, despite the vast euphoria that I witnessed here. Not to laugh at the people that really lost a lot of money - as I honestly feel for them - but more as a social experiment. Cultism is what will hurt a lot of people that read these boards.

hi im new here how to post and how to use this forum  

Don't buy: you have been warned this time, and probably no one else will warn you anymore. From now on, everyone will tell you that Bitcoin will be worth 10.000 bucks in 1 month or 1 year, and that the bottom has been 'reached'. If you have bought, sell now. Heed my words, as people like you always lose money. Walk away and never look back.

Wow sounds like 2 differentdifferent people.

Indeed, but I found it important to warn that guy in the strongest wordings possible. He had clearly no idea of what he was even doing here, yet he fell for Bitcoin probably because he had some ideas about getting rich quickly. Why some people still don't get it is beyond me, but then again the average Joe, of which this guy seems to be a good example, doesn't know shit. I think you agree with me that Bitcoin is no place for inexperienced people at this point.