Post
Topic
Board Speculation
Re: If fallling didn't exist, what would the price be right now?
by
inca
on 10/09/2014, 00:24:05 UTC
I was more interested in breakdown of bulls to bears and the proportion of coins they hold respectively. I am fairly certain that the majority of bear trolls on here simply want to buy a lot of coins at a price much lower than now in the hope of future gains.

Maybe. But you don't really have any evidence for this..... so relying too heavily on a baseless assumption like that may miss your expectations. Of course a bear (who is a long term bull) wants cheaper coins. Actually, a bear who is short just wants cheaper coins -- to close his short. None of this means that they are wrong, either.

I lack evidence that is correct.

But it strikes me that extremely few people who see bitcoin as an imminent failure would spend the time to learn about it, move actual money onto an exchange with leverage and then short an incredibly volatile commodity which has gains thousands of % in the last two years alone. I would imagine even fewer would then spend the time that the trolls on here do, posting literally hundreds of posts each about bitcoin's impending price meltdown to all and sundry 24/7.

It is far more likely they are just being dishonest (if trolling) and want cheap coins. I have no problem with people who see an imaginary line on a chart pointing down and decide to sell out and buy back in or short. Good luck to the speculators actually, they add liquidity and depth to the market.