Still very pessimistic.
-guy_wonderful says.
Price is not relevant only infrastructure, ppl need to stop focusing on the price only.
Go dig the internet for more information it will make you optimistic and exited.
Currently, nothing makes me more optimistic but btc price at 80-120
Yes, I saying, will start buying at
60-80-120.
Maybe that's the bottom. With target at
800And will capitulate at 40. With loosing enormous 24-30%
Flash crash under price level :120 - is highly possible. minimum price could reach then 0 (cents) per btc. be ready....
I know there is three major factors for bear market currently:
+Bitcoin is still very unsafe, that's because of the theoretically possible <51% attack. And worst that nothing can be done to fix this..
+Market are selling bitcoins for about $15kk (:222= 67 264 btc's) every day just to keep system work, that's the electricity bills.
+Technically we are still in strong, strong bear trend.
Secondary factors:
+Banks are negatively disposed in general. (To bitcoins)
+Scientifically proven that btc is not anonymous. (Must check, (rumors tells so))
+A large use of btc for illegal operations like purchase of drugs, money laundering etc. (I personaly know a guy who buys drugs in
overseas and gets them in envelope by common mail)
+Companies like DELL are immediately converting their crypto profits to fiat.
+"Who makes profits in btc world? In general : there is some successful traders, infrastructure producers, exchanges, electricity companies. All this makes additional pressure."
Others?
