Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
CryptStorm
on 20/12/2013, 22:57:10 UTC
Quote from: MAbtc on December 20, 2013, 10:45:34 PM
Quote from: tHash on December 20, 2013, 10:40:51 PM
Quote from: MAbtc on December 20, 2013, 10:20:41 PM

As a newbie entering during the April crash, this was not my mindset. But maybe I am an exception. I saw the price crashing -- at first I jumped in, thinking it would shoot right back up. When it continued to fall, I turned around and panic sold and lost half my fiat. As I watched the price plummet I sat on the sidelines, even after an obvious bottom. Fun times to look back on!  Cheesy

I recall the long verification queues as price crashed.....

I think the long verification queues were responsible for the very short bear market.   Each should be shorter . . .

I have to admit that I can't put myself in the position of the newbie.   I would think that many would look at charts and realize we won't be shooting back up right away and take their time with being wise, maybe not.   Some will I am sure.   In April we only had the one previous major crash to go on, and I too sold more than I should have, and sat on the sidelines for too long with that cash.

What would you consider short? I'd say we were in a bear market until July, at least, right?

My thinking is that a lot of newbies will buy in, panic sell and get burned. Then they'll exit or sit on the sidelines. What proportion -- I have no idea.

I think spring, not summer, but who knows. Once we are out of the big parabolic stuff, it's prolly sidewise for a while, too.