San1ty
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November 19, 2013, 03:26:16 PM

There still will be moments like this but I don't understand people who are keen to forget that we are in extremely bullish market and scream 250 moment some sales happens.

The US fucking government publicly gave the green light to Bitcoin and that went mainstream. It's buuuuuliiiiish, stop your feelings and positions making your judgements wrong. I was bearish at 350 and thought it will drop any moment but turned up 180% when I realized I am wrong.
I think you are forgetting that we've only been above 266 for 3 short weeks.

Just like some are forgetting that we're only like 15 hours from most bullish news for Bitcoin ever.

The only thing I'm afraid off are new Bitcoiners and unexperienced traders panicking but I hope they haven't bought enough for that.

Shit is possible with Bitcoin but if this moment turns to bear market than I don't know...

This was all already priced in by the time the hearing started.  *never* buy on news.

Remember all the good news we had in April too? Actually the FinCAN guidance was largely viewed as bullish when it was released too, accompanied by relatively bullish talks by government officials. But it was manipulated to fit the bear narrative. This government approach is nothing new.

The truth is, we rose too fast.  Still way up week on week. Medium term, we can't rise at this pace, and need to correct. We have a fair way down to go yet.  

Hey this is one of the few smart posts I see around here. Totally spot on with things being priced in all the time.