If you re-visit threads from the first half of 2014, you'll see the old bullish regulars declaring with full conviction that the bottom *must* be in now. Plenty of posts with the usual log-linear extrapolations to 1000s of $ per coin were posted again.
....
My point is, in a deep bear market like this, what do you expect the long-term Bitcoin believers to post? Predictions about impending reversals? Done that, and failed. Pat each other on the back for not being affected yet because their entry price was in the single digits? That happens occasionally, and it provokes a justified backlash.
Again, I don't think most of those so-called "bulls" were genuine at all, only a small percentage were real bull long investors that truly care about bitcoin's future. Most of those older bull accounts just belong to disingenuous day traders flipping the script during a rally to "To da moon!", how bitcoin will change the world, bogus charts, rockets/trains, sky high predictions, and other such nonsense because it serves their purpose at the moment.
And declarations of "The bottom MUST be in!" is just bull trap fodder spread by day traders trying to unload more coins.
Once the rally is over, they eventually log out of those bull accounts, and back into their bear troll accounts and go to town. Starting the bullshit cycle all over again.
If you are a newbie that comes here in the middle of a rally, then the joke is on you. You already missed the train for a long while.
The good news for true longs is, now during the "Despondancy Stage" is probably a very good time to buy.