The amount of despair I have seen lately tells me that it is a great time to buy.
I prefer hysteria...but a long period of despair is good too.
I prefer hysteria...but a long period of despair is good too.
Less talk. More buying. Problem solved.
Topic: No more rallies for a looong time - page 2. (Read 3578 times)
Less talk. More buying. Problem solved.
Whoever is keeping the price down has no reason to stop.
Other than running out of bitcoins to sell.
There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
The number of transactions is up, but the total amount of the transactions is not. He didn't say transactions but trading volume and last bottom at 275 had the biggest volume last 6-7 months.
On the upside, we can't go much lower from here either.
we can't?
What if a rally was just waiting for this thread?
I'm not convinced. At some point the low price will discourage new mining operations from starting, and the price will stabilise. That is a signal for an entry point for people who have been waiting for this downtrend to end before buying in. That said, I don't think we're going over 600 until the next reward halving, but bitcoin is, in general, entirely unpredictable, so who knows.
No that is not true. There are rallies. and each and every rally that we had for almost the same 6 months was sold off.
I made some good money selling on rallies.
I made some good money selling on rallies.
The amount of despair I have seen lately tells me that it is a great time to buy.
I prefer hysteria...but a long period of despair is good too.
I prefer hysteria...but a long period of despair is good too.
Bitcoin is going to crash to below $50 in the first few weeks of 2015.
There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
The number of transactions is up, but the total amount of the transactions is not.
Well you might be right, but what is 6 months in the big picture? In years and decades? It's nothing really.
He means buying volume. That said, I think we are up from, here... more or less.
Basically... more or less
Yep. Whoever is keeping the price down has no reason to stop. On the upside, we can't go much lower from here either.
the end of this year would a explosion
He means buying volume. That said, I think we are up from, here... more or less.
There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more.
Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low.
Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price
Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low.
Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price
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