Post
Topic
Board Speculation
Re: CNBC goes bearish on Bitcoin
by
d1ceplayer
on 28/09/2018, 12:10:46 UTC


They tweeted this recently. The dude with glasses that's always on the Fast Money show, I don't know his name but you should know who im talking about... the guy that's always bullish, well turns out now he's being bearish and predicting lower prices.

The fact that CNBC is as mainstream as it gets and they are going bearish makes me thing that the capitulation final stages may finally be at play. When these guys tell you to FOMO is usually the opposite, now they are telling you to sell. When the casuals start hating bitcoin is when things are looking good. This may be it.
I would not really pay so much attention to what CNBC is giving as an advice and would rather just focus on what the market is telling me. Sure, there may be no doubt that we could see the market go lower towards 5950, but preferably, will want to see price actions first and how the market reacts before then, which is the reason I do not fancy Futures anyway.

Just like you said, when they tell you to FOMO, the best is to run and when they tell you to go bearish, it is better you start buying, I have always learned that going the opposite lane from the mainstream media always pay a lot at the end of the day.