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jaredboice
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February 19, 2015, 03:59:57 PM |
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Karen is right to compare Ripple (read: FedCoin] to the dollar, but not for the reasons stated
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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HeliKopterBen
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February 19, 2015, 04:27:50 PM |
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Many long term bulls and true believers are becoming bears. That side of the trade is getting crowded. We could be in for an epic short covering/ panic buying rally.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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Ultros
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February 19, 2015, 04:39:48 PM |
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People that turn bear after 1+ year of bear markets are not people you should follow. Being one year late is not a sign of insight.
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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February 19, 2015, 05:17:37 PM |
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The only reason why really-early adopters still may cash out would be to hedge against the possibility that Bitcoin really is headed to $0 this time. I don't think the probability for this is very high but I can see why people may be wise to at least prepare for the possibility. Just keep in mind: Those people are most likely (still) deep in the black numbers, but just want to make sure not to lose out in case of BTC failing...
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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February 19, 2015, 05:45:08 PM |
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How stupid this is. I can't believe it.
A "Wall Street Guru" declares to be bearish AFTER price plunges from 1163 $ to 152$, a decline of 90% (now bitcoin prices are at 236 $). This is typical. Wall street analysts have no clue what's going on. Instead, most often they are a great contrarian indicator.
On bullbearanalytics, we have been BEARISH right in the 1000$ zone http://bullbearanalytics.com/2015/01/17/bitcoin-predictions-review-outperform-buy-hold/. We are fine not being called wall street gurus.. we don't care. we focus on doing the right analysis for our community members.
______ / /  Stop shilling for your pump & dump syndicate papa smurf |
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manfred
Legendary
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Activity: 966
Merit: 1001
Energy is Wealth
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February 19, 2015, 07:09:58 PM |
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Ripple operates on the greater fools theory. Bitcoin on the other hand is a commodity just like Gold and the base price is what it cost to produce.
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S3052
Legendary
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Activity: 2100
Merit: 1000
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February 24, 2015, 01:38:29 AM |
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How stupid this is. I can't believe it.
A "Wall Street Guru" declares to be bearish AFTER price plunges from 1163 $ to 152$, a decline of 90% (now bitcoin prices are at 236 $). This is typical. Wall street analysts have no clue what's going on. Instead, most often they are a great contrarian indicator.
On bullbearanalytics, we have been BEARISH right in the 1000$ zone http://bullbearanalytics.com/2015/01/17/bitcoin-predictions-review-outperform-buy-hold/. We are fine not being called wall street gurus.. we don't care. we focus on doing the right analysis for our community members.
______ / / Stop shilling for your pump & dump syndicate papa smurf
thanks for the kudos :-) We just analyse and develop bitcoin forecasts. if people buy and sell thereafter, leading to pump and dump, that's totally usual. we know that our forecasts very often move the market. |
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Nagle
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Activity: 1204
Merit: 1000
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February 24, 2015, 10:27:06 PM |
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Bitcoin on the other hand is a commodity just like Gold and the base price is what it cost to produce.
No, it doesn't work like that, because of the way difficulty adjusts. The price of Bitcoin drives mining, not the other way around. Everybody on the mining side understands this, painfully. |
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knight22
Legendary
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Activity: 1372
Merit: 1000
--------------->¿?
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February 26, 2015, 02:39:35 AM |
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Seems like Brian Kelly is making bull comments again: Bitcoin futures market just changed the gamehttp://www.cnbc.com/id/102456187 |
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WhatTheGox
Legendary
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Activity: 812
Merit: 1000
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February 26, 2015, 04:23:46 AM |
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Watch this part of this video: https://www.youtube.com/watch?v=EFxsIbhPws4#t=1h07m30sYou see Brian Kelly ( http://www.briankellycapital.com/bitcoin-big-bang/), one of the biggest Wall Street bitcoin bulls who wrote "the Bitcoin Big Bang: how alternative currencies are going to change the world" being concerned about bitcoin as an investment and admit that "bitcoin operates on a greater fools theory, which is fine until you run out of fools" . Did we just witness one of the biggest Wall Street Bitcoin bulls just turn bearish? By the way, the whole video is great is you're interested. Someone announcing to the public they are bearish on bitcoins means they want to buy bitcoin. Not fooled by this. |
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Q7
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February 26, 2015, 12:55:17 PM |
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Fiat runs on the greater fools theory too, and there's a near infinite number of fools on the world anyway
Ha. Good statement. Sometimes things being so simple and yet everything is right there in front of us and we just chose not to accept it. By the way, I don't think the statement that Brian Kelly made is going to cause any negative effect. He's probably writing two sides of a story to gain some attention or readers. |
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NotLambchop
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February 26, 2015, 12:56:38 PM |
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...
Someone announcing to the public they are bearish on bitcoins means they want to buy bitcoin. Not fooled by this.
Conversely, someone announcing they're bullish means they're trying to GTFO. |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 26, 2015, 01:06:49 PM |
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How stupid this is. I can't believe it.
A "Wall Street Guru" declares to be bearish AFTER price plunges from 1163 $ to 152$, a decline of 90% (now bitcoin prices are at 236 $). This is typical. Wall street analysts have no clue what's going on. Instead, most often they are a great contrarian indicator.
On bullbearanalytics, we have been BEARISH right in the 1000$ zone http://bullbearanalytics.com/2015/01/17/bitcoin-predictions-review-outperform-buy-hold/. We are fine not being called wall street gurus.. we don't care. we focus on doing the right analysis for our community members.
How about saying one thing and doing exactly the opposite? This what usually Wall Street guys do, right? |
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cellard
Legendary
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Activity: 1372
Merit: 1250
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February 26, 2015, 06:38:26 PM |
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Everything is a greater fool theory, it's called free market.
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indiemax
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February 26, 2015, 08:16:36 PM |
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...
Someone announcing to the public they are bearish on bitcoins means they want to buy bitcoin. Not fooled by this.
Conversely, someone announcing they're bullish means they're trying to GTFO. Exactly  |
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FUR11
Sr. Member
Offline
Activity: 378
Merit: 250
FURring bitcoin up since 1762
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February 26, 2015, 08:57:25 PM |
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People are turning bearish all the time. And some are also turning bullish. The people on Wall Street are humans as well, they experience the same emotions as anyone else and they also make mistakes. Why shouldn't someone turn bearish, once in a while?  |
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ajareselde
Legendary
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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February 26, 2015, 09:51:46 PM |
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People are turning bearish all the time. And some are also turning bullish. The people on Wall Street are humans as well, they experience the same emotions as anyone else and they also make mistakes. Why shouldn't someone turn bearish, once in a while? Saying bearish things is the best way to get the correct and direct answer. So he said "bitcoin operates on a greater fools theory, which is fine until you run out of fools" where he was totally countered with a straight response, even a bit laughter. To me it seams the his bearish statement was actually not his own personal opinion, but an answer to the wuestion many are asking. cheers |
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pattu1
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February 27, 2015, 01:06:04 AM |
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People are turning bearish all the time. And some are also turning bullish. The people on Wall Street are humans as well, they experience the same emotions as anyone else and they also make mistakes. Why shouldn't someone turn bearish, once in a while? Wall street is driven by profits, nothing else. They try to make money out of other people's emotions. |
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