Oh really.....

I am amn't buying? Am I doomed am I?

Actually, I tried to buy on bounce from $521 to $543, I made a simple order on Bitstamp at $526, but the server lagged, and then the spot was above my bid etc etc....so I pulled it.....was only looking at small short term quick gain anyhow. Beyond that I am just not interested in putting money into Bitcoin. If I wake up tomorrow and it is at +$600, then I don't care, I aint buying. It could then rocket up to $800. I still wouldn't care cos it would all be just fkn hot air and liable to pop just as quick as it inflated and I don't have the appetite for it anymore. I have the crypto fatigue that is spreading like wild-fire and will soon be affecting the likes of you. When it does, then that might be the time to consider entering the market. After every single cent of dejected dumb money has left the market and long term holders have been forced into taking as much profits as they feel inclined to take without caring whether or not the rest of their holdings go to zero.

I have seen the same thing with Silver and observed the exact same kind of delusional optimism from Silver Stacker as I do right now with Bitcoin Nutter, all the way down from the ATH, including the much heralded $26 silver bottom of 2012, where there was all the same fan-fare and self-congratulatory back slapping from Silver Stacker for catching the bottom and grabbing some firesale silver rounds, as there was from Bitcoin Nutter in the days after the $400 bottom.

The true bottom of the grand cycle in Bitcoin will come at a point when nobody gives much of a rat's arse about Bitcoin or its potential to make them wealthy. Volume and more importantly turnover in USD, will be at a fraction of what it was over Nov/Dec 2013.

What price Bitcoin will be be trending at when the bottom is in I couldn't possibly call at this point in time but mid $200 range seems like a likely bet to me and the likes of Risto will be forced to reassess their 'exponential mean growth line' speculating model. When this time will come I don't know, might not even know about it when it happens cos I most likely won't care.

P.S. Where is billyjoeallen? He was trumpeting around the forum how he was begging and praying for sub $550 Bitcoin. He was also telling some other dude to sell if he dared (Bitcoin at $580), cos just see what the whales (like him presumably) do when Bitcoin hits $550. Well here is ur fkn chance billyboy. Show us what you are gonna do!