Got it, thanks adam!

Looking at the bitfinex charts and btc swaps at ATH, for the first time ever, for a second, I thought that maybe I should jump aboard and SHOTR, because it seems so obvious at the moment. Good that I caught that thought and was able to rationalize it, because, I believe, that's exactly what someone(s) who are accumulating those swaps, want it to appear.

Hold on to your hats, because in a few days or weeks, we are going nowhere but up.



...or not, but that's not the end of the world.

So quiet here. Must mean only one thing...

http://i.imgur.com/7drHiqrh.jpg

Calm before the storm. And when it hits, the direction will be up.

It will be up, because the recent bad news (fincen letters, btc swaps @ ath) haven't caused any kind of panic or even a notable drop. That probably indicates that the morale of traders has improved quite significantly.

It will be up, because the recent bad news (fincen letters, btc swaps @ ath) haven't caused any kind of panic or even a notable drop. That probably indicates that the morale of traders has improved quite significantly.

Don't be so crumpy all the time Shrooms. Sure it can still go down, like chessnut's ew analysis pretty much suggests, but don't you think the sentiment is changing? There have been many opportunities last few days for the bears to attack due to bad news, but for some reason the price hasn't dropped like a stone. I haven't been this excited for following the charts for a long time.

What's it with these guys moaning that a year of downtrend is like the end of the world. Dot com bubble deflated for two years, so I wouldn't say that one year of downtrend after TWO superbubbles in 2013 is anything but a natural correction from the abysmal heights the superbubbles took us.

If we repeat the dot com bubble, there may still be a year of slow down trend towards 100$ - 200$. I'm not saying it will happen, but it's possible. And even if it happens, bitcoin will probably recover from it.

I dunno, too much coffee I guess.  

I'm not comparing the technologies, I'm comparing the speculative bubbles. I've seen people like Peter Schiff comparing dot com bubble to housing bubbles. Did Schiff sniff too much gold then?

Thank you for that arbitrary and completely unrelated Monty Python quote. Very creative and clever!

Oh well only like everyone with half a brain understands that speculative bubbles are caused mostly by psychological factors.

http://www.investopedia.com/terms/s/speculativebubble.asp

"While each speculative bubble has its own driving factors and variables, most involve a combination of fundamental and psychological forces. In the beginning, attractive fundamentals may drive prices higher, but over time behavioral finance theories suggest that people invest so as to not "miss the boat" on high returns gained by others. When the artificially high prices inevitably fall, most short-term investors are shaken out of the market after which the market can return to being driven by fundamental metrics."


BTW, by far the funniest thing here in this conversation is that in your _only_ argument you are equalizing Internet and dot com stocks.

You mean those pump and dump schemes involving a few people pumping the price and probably another few who get dumped on ? Hardly anything. Funny that your MP quote fits better in your arguments than mine.


Oh sorry, I didn't remember that autists may find it difficult to understand anything that is written in non-perfect grammar.