JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 02, 2014, 10:22:37 PM

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

We have already met all three sufficiently for the price to rise....  at least 1 and 2, which seem the most potentially relevant to this lame-ish description of prerequisites.

 Regarding #2 we have been between $420 and $599 for about 3 weeks... that is quite a long time.

Actually, regarding #3, this is NOT any kind of necessary prerequisite

No, it isn't so, sorry.
"400 is the bottom" has been the most popular belief and fools are still cheering for bitcoin going up. There has to be something stronger, that will shake the fools. Always exit an market when fools enter, and always enter the market when fools exit. And don't ever enter the market, that everyone is talking about, or else you will be the fool. Right now there is a lot of agony from those who bought at the top of the last bubble, but there has to be total desperation with dramatic finishing speeches etc. Then you know that the market is set to buy in.


The more you attempt to explain, the less sense that you make.  Your comments are filled with generalizations that fail to take into account a broader bitcoin history.  None of us can predict exactly where bitcoin is going or when is the bottom exactly.. except based on a variety of factors and information including entrances and exits into the market space.  Some people claim to be more knowledgeable and concrete in their predictions than others.  Some will be right and some will be wrong some will become rich and others maybe not so much. 

By the way, it is a little bit more difficult to lose money in a growing market, but some traders manage to accomplish that, too.... so there is quite a variety of traders and predictions and bets accordingly.