This is a great idea, an unbiased review of the comments from those two time periods should give us a decent sample size and data source to begin to better understand market sentiment.
Listening to these old comments from Dec makes me laugh. It was me too... wish I saw the forest through the trees.
That’s exactly what I believe in as well “markets are driven by human psychology”. I also do believe when everyone says crypto market is over with huge spike in selling activity followed by huge spike in buying activity, that’s when we should expect the selloff is finally over. I think we already passed the part when everyone is in denial about crypto going that low. We might be at the last stage when most people just feel capitulation. Back in January when bitcoin was at the top, I made a comment about buying if it gets back to $10k. I think I don’t have to tell you people’s response to my comment. Just out of curiosity, I wonder how do you deal with all these assaults? Does it bother you? I bet it’s just a fraction you shared with us today.
The biggest battle in trading/investing is overcoming ones's own behavioural biases that are reinforced by the "crowd" effect. In this respect while social media comments are useful data I personally think they serve to amplify the "noise" regardless of whether we are in a bull or bear market.If you believe passionately in the fundamentals of crypto and are a hoddler you need to accept that the road to big profits will be rocky and full of many very painful boom bust cycles. IMHO we have only just started the "anger" phase. Price and moving averages don't lie and they are both going down. Therefore I think we still have a way to go to reach a bottom.
Thank you so much. Thanks to sharing this news of Bitcoin, this technology is very nice and thank you very much for sharing this valuable post with us, sharing this video with us, we learned a lot and thank you that I have written a lot of information I can tell you, Sir, you can tell what is actually Bitcoin?
I see people on facebook saying the bottom is "$1k" i doubt it will go that low, i think it's just their wishful thinking. I would definitely go hard if it fell that low though lol
Dude this is perhaps the most entertaining video by you. I mean this is in the best way possible because the video also has great amount of learning value as well.
It roughly covered all the phases from 'to the moon!' to 'I am finished' sentiment. The most amazing part is that it is all out there for us to learn from but at the same time it is not as easy to look beyond ones emotional state.
As for me I have lost so much that I am kind of numb at this point. But the truth is that I am a scientific researcher, and that objective kernel of brain never shuts down. I know for a fact crypto is here to stay and to change the face of the financial system and I am focusing on that at the moment.
In the end if it took me a few thousand Euros to learn my way here, then I'll consider it money well spent
I wonder where these guys are at right now. I wonder if Donald Fisher kept his word by not selling. I honestly see in these comments a bit of everything. At the end mostly anger, perhaps denial. I hope you are right about being close to bottom. There are some talks already about Bitcoin Cash going to $250.00 and bitcoin to $3,000.00. If it does, it does. I would see it as an amazing opportunity.
Yeap, Very true the social media is playing a very important role to indicate the crypto signals top to bottoms. it saves someone investment, double and loses.
I agree, the only trick is interpretting those smoke signals, because any analysis of social media is indicative of something but the viewer needs to read those signals in a meaningful and correct manner.
The very best time is now to do what will sealed the over thought in fewer years to come the very time is now.......... Commitment and investment is the key. Nice exposition in here.
I tend to be contrarian as well which from the examples you show could be a sign of the bottom getting close. However, although sentiment may be at lows, we need to consider that Bitcoin price is still multiple of where it was early 2017. So it seems there is a battle between sentiment and price regression in terms of finding a balance.
A nice video, interesting approach & commentary.. But can the model of boom and bust really be applied to an asset that may or may not have intrinsic value. Has ADOPTION of BTC progressed ? What % of the world’s financial transactions is effected through BTC. ? This is a question , I do not know. But if (as I fear) that percentage is not going up.....then It does not look good.....ever. The hypothetical curves you show do not take one important thing into consideration. At the bottom of those sine waves a significant number of the entities which make up the index in question disappear....they are not around to take part in the subsequent upswing.
I agree with you, and I wish I had the cash to invest right now. But I'll keep Steemin' and Presearching and Actifiting and collecting my Manna and whatever I can to take advantage of getting crypto even tho I'm broke. 😀
This is a great idea, an unbiased review of the comments from those two time periods should give us a decent sample size and data source to begin to better understand market sentiment.
Listening to these old comments from Dec makes me laugh. It was me too... wish I saw the forest through the trees.
That’s exactly what I believe in as well “markets are driven by human psychology”. I also do believe when everyone says crypto market is over with huge spike in selling activity followed by huge spike in buying activity, that’s when we should expect the selloff is finally over. I think we already passed the part when everyone is in denial about crypto going that low. We might be at the last stage when most people just feel capitulation. Back in January when bitcoin was at the top, I made a comment about buying if it gets back to $10k. I think I don’t have to tell you people’s response to my comment. Just out of curiosity, I wonder how do you deal with all these assaults? Does it bother you? I bet it’s just a fraction you shared with us today.
The biggest battle in trading/investing is overcoming ones's own behavioural biases that are reinforced by the "crowd" effect. In this respect while social media comments are useful data I personally think they serve to amplify the "noise" regardless of whether we are in a bull or bear market.If you believe passionately in the fundamentals of crypto and are a hoddler you need to accept that the road to big profits will be rocky and full of many very painful boom bust cycles. IMHO we have only just started the "anger" phase. Price and moving averages don't lie and they are both going down. Therefore I think we still have a way to go to reach a bottom.
Thank you so much. Thanks to sharing this news of Bitcoin, this technology is very nice and thank you very much for sharing this valuable post with us, sharing this video with us, we learned a lot and thank you that I have written a lot of information I can tell you, Sir, you can tell what is actually Bitcoin?
have no fear....the bulls are on the entrance...
I see people on facebook saying the bottom is "$1k" i doubt it will go that low, i think it's just their wishful thinking. I would definitely go hard if it fell that low though lol
importent information tnx brother for share this article
It's okay to argue your words!
Dude this is perhaps the most entertaining video by you. I mean this is in the best way possible because the video also has great amount of learning value as well.
It roughly covered all the phases from 'to the moon!' to 'I am finished' sentiment. The most amazing part is that it is all out there for us to learn from but at the same time it is not as easy to look beyond ones emotional state.
As for me I have lost so much that I am kind of numb at this point. But the truth is that I am a scientific researcher, and that objective kernel of brain never shuts down. I know for a fact crypto is here to stay and to change the face of the financial system and I am focusing on that at the moment.
In the end if it took me a few thousand Euros to learn my way here, then I'll consider it money well spent
I wonder where these guys are at right now. I wonder if Donald Fisher kept his word by not selling. I honestly see in these comments a bit of everything. At the end mostly anger, perhaps denial. I hope you are right about being close to bottom. There are some talks already about Bitcoin Cash going to $250.00 and bitcoin to $3,000.00. If it does, it does. I would see it as an amazing opportunity.
"Ignorant Deluded Turd" LOL
Truly financial information
Prices are all low
Best time to invest and buy
It's time to buy now
Yeap, Very true the social media is playing a very important role to indicate the crypto signals top to bottoms. it saves someone investment, double and loses.
I agree, the only trick is interpretting those smoke signals, because any analysis of social media is indicative of something but the viewer needs to read those signals in a meaningful and correct manner.
Facebook has softened their stance on crypto advertisements too.
Hi Louis, I have been watching you on youtube for quite a time now, I have like your honest opinions.Nice video by the way. Keep it up and Cheers.👍
Well am okay both ways. If people are right and it goes lower, say $1k, I'll see it an opportunity to invest
I don't know how social media can influence the crypto tops and bottoms.
I'm awaiting your answer and in eager to learn about this.
Thank you
The very best time is now to do what will sealed the over thought in fewer years to come the very time is now.......... Commitment and investment is the key. Nice exposition in here.
I tend to be contrarian as well which from the examples you show could be a sign of the bottom getting close. However, although sentiment may be at lows, we need to consider that Bitcoin price is still multiple of where it was early 2017. So it seems there is a battle between sentiment and price regression in terms of finding a balance.
A nice video, interesting approach & commentary.. But can the model of boom and bust really be applied to an asset that may or may not have intrinsic value. Has ADOPTION of BTC progressed ? What % of the world’s financial transactions is effected through BTC. ? This is a question , I do not know. But if (as I fear) that percentage is not going up.....then It does not look good.....ever. The hypothetical curves you show do not take one important thing into consideration. At the bottom of those sine waves a significant number of the entities which make up the index in question disappear....they are not around to take part in the subsequent upswing.
I agree with you, and I wish I had the cash to invest right now. But I'll keep Steemin' and Presearching and Actifiting and collecting my Manna and whatever I can to take advantage of getting crypto even tho I'm broke. 😀