Ninjastic
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Board Speculation
Re: The Despondancy Stage
by
ParabellumLite
on 30/01/2015, 16:58:27 UTC
Quote from: knight22 on January 30, 2015, 04:54:14 PM
Quote from: ParabellumLite on January 30, 2015, 04:51:46 PM
Quote from: Torque on January 30, 2015, 04:30:11 PM
Quote from: oda.krell on January 30, 2015, 04:22:32 PM
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.

Thanks for shedding some realism on the situation. Most people here have never been interested in Bitcoin or its applications: that simply is a myth. Before I said that 80 or maybe 90% of the people posting here are only in it for the money, and not for the tech, and I'm gonna stick with that. There's an active movement, and that includes you too SgtBett, that actively make people dream of wealth and grandeur in the future. People only lose when they sell according to their philosophy, while the best thing to do throughout 2014, save during some short lived bumps upwards, was to instantly sell all your Bitcoins.

I know the comparison is highly unpopular here, but I still believe that Bitcoin has a lot in common with a ponzi scheme. There is tremendous peer pressure to stay into the 'game', if only to fill the pockets of people that were here before. I almost on a daily basis see people advising new members, that mostly have no clue about Bitcoin or where the price is headed, to buy as much as they can and 'hold'. It really is sickening to see sometimes.

Why are you even here? Stop wasting your time and leave.

This again: this instant agressiveness against anything that goes against the status quo here. If you rather not read it, press the 'ignore' button as quite a few people tend to do here. A sign of utter intellectual weakness (as it boils down to plugging your eyes and saying 'lalalalala can't hear you!'), but go ahead if that makes you feel better.

The reason why I'm here is simply because I still tend to read these boards now and then. I find it highly interesting how Bitcoin is developing and how it goes down, despite the vast euphoria that I witnessed here. Not to laugh at the people that really lost a lot of money - as I honestly feel for them - but more as a social experiment. Cultism is what will hurt a lot of people that read these boards.