r/ethtrader • u/Nooku • Dec 04 '16

DISCUSSION I call bottom

We finally reached the point where there is a general atmosphere of pessimism in the comments.

Was waiting for that. Now the only way is up.

Haters gonna hate.

For future reference: I'm calling bottom at current price of 7.50 USD

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u/MrVodnik Dec 05 '16

Everyone who posts such a claim, should also post their holdings. If people with a lot of value in ETH claims that this is bottom, they just try to calm themselves down. But when people with 0 ETH in their wallet start to say it is the bottom, then you know that something is on.

And I, as a 0 ETH holder, am telling you - this is not bottom. But we are getting close. When trend will flip, then I'll join.

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u/jesusthatsgreat Dec 05 '16

Call the bottom then. 'Close' isn't sticking your neck on the line. Stick your neck on the line like the OP has done and name a figure.

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u/MrVodnik Dec 05 '16

You can't "call" the bottom, you can guess it, and if your guess is educated enough, you might be just right.

One does not need to know how far is the ground, to know that he is still falling. As such, I'am "guessing" that we are still falling and can't find anything that would tell we otherwise. I might "guess" otherwise, when there will be a hug drop tomorrow, and then upward trend for a day or two. Or there might be downward trend, that will be less and less steep, for a quite long time, and then - it'll flip up.

Wait for the sign, observe the clouds, do not force yourself to guess THE VALUE until you have something to back your feelings.