Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm always astonished about the bullish self confidence...
...but what is this ever lasting and repeating bullishness where market did not confirm any direction?
...but what is this ever lasting and repeating bullishness where market did not confirm any direction?
You are posting on a bitcoin enthusiast forum. Why are you surprised people are enthusiastic and confident about bitcoin? Serious question because you post here often enough to have grasped that by now.
Nearly a billion projected USD VC capital investment for 2015. The bitcoin community is still extremely small for those kind of valuations. Zoom out on the long term price chart.
Finally and most importantly (for me at least) this is my play money to do with as I wish. My shares are never going to do anything exciting except plod along or eventually crash when the central bank spigot is turned on. Property is just for living in or renting out. Bitcoin is exciting and for ideological reasons is attractive also.
Well I expect at least a bit more realism after we dropped from 1200$ to 160$.
When will all the perma Bulls become disillusioned....? I mean there are still people thinking we will go straight to 30k$ with the next weekly candle.
If Karpeles was the motor behind the May 2013 and December 2013 bubble in the end we will never see 1200$ again even thought people think Bitcoin will take over the world but in fact the blockchain is the thing the world is interested in.