windjc
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January 31, 2014, 12:17:34 AM

Breaking that 790-820 range feels impossible now

Not sure if serious.

When someone starts airing such sentiments, expect a large market move, the question is, in which direction?

I currently have both eventualities covered. The Chinese gamble may still get played out, if not tomorrow, then over the week-end.
Indeed, the assuredness of the bulls reminds me to keep optimism tempered. The surges on 1-19 and 1-26 produced similar sentiment.

?? How many times are you going to say this?  At what point could we possibly go up? When no one utters a bullish word? That's not going to happen. There is too much fundamental adoption and expansion happening for everyone to go into full bear mode even if the price continues to go down.

We have had way more bear threads than bullish ones for weeks. Way more discussions of $600 coins than $1300 coins.

You don't seem to weigh fairly the sentiment on this board.

I personally dont give a shit whether we see $500 or $1000 first.  But I will take a bet against anyone for 10k vs. 0.  Anyone. Anytime. Name the escrow.

Meanwhile, I guess you need me to believe that $0 will happen before you think we are bull again. Come on.
Honestly, this is kind of ridiculous. "At what point could we possibly go up?" Is that a joke? I went in at 770-780 and went long at 812. And I was clearly wrong about the mid term trend at that time. My outlook was much more bullish on that wave. And I posted my positions.

"You don't seem to weigh fairly the sentiment on this board." I'd say the same to you. I don't pay attention to thread titles, anyway. Agree to disagree.

So where is this idea coming from that i think we are going to $0? Why do you keep acting like I am a perma bear? I have stated on multiple occasions my upside targets and positions.

I do not think you are a perma bear. I do think that you talk about bullish sentiment ALOT when describing your doubts.

I believe the days of real capitulation like in 2011 and semi-desperation like in June are over.

Just look at where bitcoin was (not in price) fundamentally, the players involved, the money (not in exchanges) that was involved and the level of governmental and regulatory body discussions that were occuring in Jan. 2013 vs. Jan. 2014. These things (not just the price) have exponentially grown.

If these fundamentals continue to exponentially grow (and fundamentals tend to lag speculation) the landscape will have changed so much by 2015 that bitcoin may be unrecognizable compared to where it was a year ago.

So, given these factors, I do not personally care whether this forum is bullish or bearish. I just wish it was more intelligent. But that ideal got eaten by a hoard of trolls.
My hopes for intelligent conversation here are, for the most part, slim. I'm just here to have fun. And trolling can be fun, too.

I actually wouldn't say that I talk about bullish sentiment all that much. It's generally just a side observation to technical considerations. It seems to be a sticking point for you, and I'm not sure why. Sometimes when I point out that "the bulls are very sure of themselves" I am more so saying, "I am not convinced of the bullish outlook." And it's worth repeating to myself, since I sometimes get irrationally swept up by others' positions. This is not a constant comment about what people on forums think.

Yes, there are considerations to be made regarding fundamentals. Generally, I consider fundamentals on a much longer time frame, and the trades I make now have little to do with that outlook. Frankly, I have no interest in discussing long term speculation on this forum. We're mostly all bulls here on that front.

Ok. Fair enough. For some reason this post was the first one that made me get a sense of your real sentiment. Thanks.