Quote from: figmentofmyass on October 07, 2018, 06:14:02 AM

Quote from: bbc.reporter on October 06, 2018, 02:55:37 AM

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.

good---this type of humble sentiment is required for any sustained market bottom. i'm glad we're seeing more and more of the permabulls become increasingly neutral. now if only they'd become bears. Tongue

the bagholders either need to liquidate or settle down and hodl for the winter. it'll take time for strong hands to overtake the market again. even if this long term triangle breaks upwards, there's lots of bagholders who will be selling into any uptrend.

It is normal to see things like this happen. A lot of them will always want to come up with statements based on the situation at hand and the funniest part is that they always get to come back to look for something to cover it all up.

Nevertheless, I feel they are still not learning their lessons, as no one can actually tell what tomorrow holds, we all do not know things that may end up changing fundamentally tomorrow and coming out to say bitcoin won't top $9k is an affirmative statement which only someone who could see the future will be able to tell and the last time I checked, Novogratz is not God.