The last time Elastic dumped this low (And even to 5k for a brief period) It was one of the best trades I have ever made, now I am thinking I can make a similar trade again. I have a feeling many people here know these prices aren't going to last and although I'm biased and have been a supporter this project since it began I really think around these levels is a really good entry point for any new trader discovering XEL.
I agree with you.
People selling this low are gonna cry a river soon enough and most probably will just end up buying back at a higher price. Current prices are an amazing opportunity to either enter a new position, or, enlarge an existing one.
Yeah, it seems like that will happen. I don't think many people try to catch this falling knife but I am very happy to try as I know we won't be at these levels in the near future, even though I don't actually have much more spare BTC now but most other traders will panic buy on the way up and pay much more. The price drops down slowly over a period of weeks/months but when it shoots up it will go high fast within a few hours/days.
I think we are going to see a similar graph to Stratis a year or two from now. Devs this dedicated to a project is just pure gold, take all the time for development that you need devs.
Edit: Also now I have seen the manipulation happening, this is pure whale accumulation mixed with a few week hands selling. Price is being pushed down a bit lower IMO.