Post
Topic
Board Speculation
Re: Bitcoin will have no more big "to the moon" rises anymore. Face reality
by
iluvpie60
on 05/04/2014, 17:34:47 UTC
Perma-bulls can be annoying creatures. They belittle and slander anyone who forms an opinion different from their own whilst they hope somebody else props up the price so they can cash out later. I've seen many a posts these people will be buying if btc ever reaches xyz dollars, well here it is on clearance with a 60% discount and its crickets.

Don't get me wrong, it was a great social experiment when mining was decentralized, but now that ASIC's control the market, the price and difficulty are turn-offs to newcomers. Greed drove the market up. Now greed is driving it back down, but this time I expect a longer capitulation cycle before next ATH, if ever.

That is something I rather noticed that is frequently expressed on here. Perma-bulls in any capacity end up being wrong eventually. Things like Stock Market crashing and other things crashing then taking years and decades to get back to where it was. Those types of things confuse people who are always positive.

Thank you for your post, I appreciate that at least 2 people on this whole forum understand you can't always look at the glass as "Half full".