Quote from: BrightAnarchist on February 05, 2014, 11:58:26 AM

Quote from: Zarathustra on February 05, 2014, 11:16:47 AM

Your wave count has been dead wrong.

You missed 90 pct of the up-move.

I bought coins at 6 cents and again between $3 and $5. The explosion from 6 cents *drawfs* the move from $50. Those were the best buying opportunities: buy when there's blood on the street. I don't like to buy when everyone loves Bitcoin, and we didn't reach a negative enough sentiment during the decline that happened last April.

*Of course* a contrarian methodology is not perfect - obviously! You are not telling me any new information. And anyone who believes a perfect methodology exists obviously has no market experience. But contrarianism has worked well for me over the long haul, especially the killing I made during the 2008 crash when all my friends were losing their shirts, an event that we are likely to repeat soon. I may have been too early on stocks but given just how much more profitable stock market crashes are than equity bull markets, it won't matter. The magnitude of overbullishness and the length of time stocks have remained overbought should be commensurate with the size of the next bear market

I can't stand these hindsight biased comments, but I recognize the psychological tendency

Congrats. You're an early adopter. I hope you've never been going SHORT since you are calling the top!
I'm a late adopter. I bought at 29.-, and I'm very glad today that I did not listen to those wrong wave counts. Otherwise I would have sold at 50.- or 80.-, which would not be funny today.