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Quick post. It is all just the same don't you see...

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We are only in the early phase of step 2...

Can you see it? Markets are governed by fundamentals and psychology.
Crypto fundamentals are non-existant, hence it all makes sense, they are fully governed by psychology.
Does not matter if we go up or down, it's all the same.

And the exact same people that were in disbelief in the early stages of it going up are now in disbelief and starting to slowly realise the bull market might be over.

First, the shitcoins will go to zero, then the big ones will follow and go very low. Not $3000 Bitcoin, nono, not $2000 Bitcoin, not $1000...

This is really good, from this guy twitter twitter.com/dke82

"How bear markets end: 1) worst fundamental cos capitulate 2) broad market capitulates 3) best fundamental cos capitulate. at #altcoins like XRP we‘re closer to 1), maybe 2). You think #bitcoin seen bottom=you believe manipulators keep artificially high or in for surprise BTC"

The thing is, he is wrong about where we are ....
Ripple is not at 1 yet...

This crash has not even begun yet!
There is much much more downside coming next.
It will take way more time, this is only just the beginning.
Most people barely even started to realize we are in a bear market.

Everything is the same, it goes up, it goes down, the reactions are the same, in parallel.

Bull market:
1. Early stages = disbelief "nah it won't go up this is a sucker rally"
2. Hope "maybe..."
3. Optimism "Time to get fully invested"
4. Euphoria climax "I am a genius!" (says man from netherlands that sold everything to buy crypto and now lives in the woods with his family) + fools probably buy on leverage.

Bear market:
1. Early stages = disbelief "the weak hands got shaken out, here is my CONSERVATIVE 50.000$ target for 2018"
2. Opposite of hope "maybe..."
3. Pessimism "I better sell before I lose everything"
4. Despair climax "I am an idiot!"

And so, at the very end of the cycle they finally get it right and realise they are idiots...

Know what? I actually prefer my own version to the "official" ones.

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*** BULL MARKET ***
Step 1= Disbelief.

A couple of articles for 01 2016, they interview Bitcoin "believers"/developpers that gave up on it and think it is lost forever. News are bearish and argue the fundamentals that show it has no future

Article 1: Title = 'It has failed,' Bitcoin software developer says
mashable.com/2016/01/15/bitcoin-failure

Article 2: Title = Bitcoin: Is the crypto-currency doomed?
bbc.com/news/technology-35343561

etc just google it.
All the "experts" are arguing fundamentals are bad and Bitcoin failed.
The herd is clearly bearish.
*******************************************************************************************

*** BEAR MARKET ***
Step 1 = Disbelief

Do I even need to post anything here? We all have gotten bombarded with messages "this is just a normal pullback road to 10.000.000.000$"
"Experts" are saying the fundamentals means Bitcoin CANNOT be in a bubble and bla bla bla.

A nice fund manager took the time to make articles with lots of crypto bull posts, often arguing the fundamentals. All in disbelief.
He will not make anymore, but we should ask him to make 1 for each step :)
Would be very interesting. I keep getting banned from twitter...zzz

medium.com/@dennyk/cryptocemetary-5d85fce668ab
medium.com/@dennyk/crypto-twitter-hall-of-fame-part-ii-f3e63440a350

See a pattern here?
Run illuminati/inception music.

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Fools that took loans at the Euphoria step, and have the balls to tell people they did that. They usually hide and pretend nothing happened.

news.bitcoin.com/trader-gets-six-figure-loan-buy-crypto-holdings-drop-85/
reddit.com/r/CryptoCurrency/comments/96qvxb/here_is_my_bank_instalment_related_to_the_loan_i/

Paying 8000$ a month... This guy is from a rich oil family?
Or maybe he is a (professional) trader, lots of traders ran into crypto during the bubble.

I wonder if any pro trader were stupid enough to take loans XD
With their companies they get risk managers that make sure they do not do anything crazy, sometimes psychiatrists etc; but when they go trade in their free time with their own money they have to be their own shrink and risk manager, just like the rest of us retail traders.
Maybe alot of the pro's would actually be really bad retail trader :p
Maybe all of that babysitting made them week, and unable to trade alone :p

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"I'm a genius"

businessinsider.fr/us/didi-taihuttu-sold-everything-for-bitcoin-fans-2017-12

"The Netherlands man who sold everything for bitcoin calls it the best decision he ever made — and now he's swarmed by fans who agree"

The guy who dragged his family with him and now lives in the wood, to buy speculative virtual magic coins, calls himself a genius, and the public strongly agrees...

This one is beyond...

This story is one for the books. They shall teach the tale of the Netherlands man that sold his house for Bitcoin and went to live in the woods at the climax of the bubble, for years to come.

I cannot believe so many people do not see how stupid that is, and that we so clearly were into a bubble in the exuberance phase...

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Brace yourselves, the short squeeze is about to happen in a few days (maybe sunday, maybe before), and after that... the big fall.

I will short at every resistance & be careful, since it could go all the way up to 12.000.

At least we should get 7200, before entering fully the next step of the market cycle and FINALLY exiting complacency (or disbelief in my own market cycle breakdown).

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I was using linear charts and people were saying I ignore the log chart to make Bitcoin look bad and on linear you could see how much % it went up and all the trendline.

I use the log chart and people say I use the log chart on purpose to make Bitcoin look bad.

Hilarous.

They both look as bad, only difference is when I write the market cycle steps on the log chart they are evenly spaced, but on linear the top takes 80% of the view...

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This is how crypto believers see market cycles:

When they improve the chart:

Wups wasn't supposed to see that.

Cryptoer market cycle view: a cycle that lasts a few days :D

What do you mean in market cycle downside we always go below optimism?
You simply do not understand Blockchain.

Oh ok, typical market cycles do not work with crypto I get it.
THEN WHY DO SO MANY OF YOU MONKEYS USE THEM TO TRY AND CONVINCE PEOPLE THAT WAS THE BOTTOM???????????

Crypto "enthusiats" are worse than religious people that cherry pick sentences in their official holy book to justify getting money and starting wars.

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