Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
windjc
on 05/05/2014, 07:45:20 UTC
Ya.  I'm pretty pessimistic about our current situation.  I know that all trends will eventually reverse (or maybe not), but I think the 1w and 3d trend says about all there is to say right now.

** Pessimism is a state of mind in which one anticipates undesirable outcomes.

This is one pessimistic comment. More of such comment must be expected before a reversal.

All you need to do is look at the poll in this thread (over 63% of people feel some shade of positive or nothing at all). The optimism here is still off the charts. Its like people refuse to believe that we could be going lower, much lower.

I saw some pain in the Gox fallout, but since then its been sickeningly optimistic - and I mean sickeningly because everyone thought that they were so clever and that the bottom was in and magically fresh fiat would arrive to save the day.

Everyone is still in denial (which is exactly what I voted for in the poll).  Bring on the pain. You guys want this market to go up again?? ---> then welcome the pain.