Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A bull is a person who does not hold fiat.
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
Everyone else are bulls? The bears are all over this forum today predicting their doom and gloom, even Blitz turned bear and is preaching 2011 all over again.
My straw poll index of
1) Number of new localbitcoin buyers pestering me.
2) Coinbase time of running out of coins for sale. (though it seems there were enough sellers that they have been able to offer coins at times)
Suggests to me that there is still more new moneyflow in ahead, though short term is the domain of the whales and the sharks.
Am only looking at week over week, and wouldn't call anything daily (nor would that matter to me as it takes longer than that to get cash to an exchange).
I gave up the TA chart analytics, algo writing and daytrading in the 90s as an activity that does not make the best use of my talents, but cherish the lessons from those long gone days, I made a lot of money for people that were a lot richer than I was (or will ever be).