Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker
by
bb113
on 03/04/2013, 03:18:51 UTC
Things are kind of reaching a fever pitch here. Anyone else scared? Even a bit?

Yes, a bit. The forum is showing that giddy kind of euphoria with lots of swagger and bravado and posts about huge anticipated prices that once often sees at the top in a market.


This always get trotted out during gains. I've only been active on these forums for a short weeks (since ~$30-odd), but it seems that it's like clockwork: After every big gain, people get nervous and start calling out irrational exuberance.

However, it seems the real irrationality is usually always on the side of the bears.

Also, the forums aren't all of bitcoin.  We're actually a minority.

Also, perhaps everyone here says things to trick people into doing the opposite of what they say. Maybe all these bulls sold at $100? Anyway, true value is 1 years rent in a decent urban neighborhood.