no, it has nothing to do with new users, at least not from where I'm sitting.
speculators drove it up in the first place, and they have hopped out and will probably stay out until there seems to be some upward momentum. It does seem to be scratching its way off the floor, but until they can expect that the overall movement is up, and will stay that way for a while, they'll sit.
right now there are not a lot of opportunities to short it, so unless you can expect it to rise, you're better off doing nothing, from a pure speculative standpoint.
speculators drove it up in the first place, and they have hopped out and will probably stay out until there seems to be some upward momentum. It does seem to be scratching its way off the floor, but until they can expect that the overall movement is up, and will stay that way for a while, they'll sit.
right now there are not a lot of opportunities to short it, so unless you can expect it to rise, you're better off doing nothing, from a pure speculative standpoint.
yup. but question is, will those speculators get back? if so, when? if not, what's the next 'big thing' in the world of crypto?
yep. I don't know if/when they'll be back. Some yes, some no, I'd imagine. I think we need real market drivers at this point to move the price substantially.
better exchanges, an announcement from Google/Amazon/PayPal, Wall St starts trading it, etc.. I think the speculative boom is over, people see that it can tumble, so speculation alone is not likely to drive it up to where it was again. Bitcoin has to demonstrate it's merits on a large scale. I do think that will happen, because fundamentally it whips ass, but that it's going to be a while, as in a year or so, as it will take that time for the infrastructure to further develop and some of these other players to hop in. I'd be happy to be wrong, in terms of timeframe, but that's how I see it right now.
month: Hey, despite all flaws, its so much better than the conventional financial system. Hold.