Well I'm sure I'm not the only one that ignorantly expected bitcoin to rise slowly forever (well it will in the grand scheme of things though); I bought a bunch at 20 and forgot about them (am still holding, will buy more myself at a slight drop lol).
Anyways another interpretation with the same conclusion is that at the time of the great drop most were not sure if it really was the great drop and that it may go even lower but now people are quite sure that that it's definitely not gonna go that low again. This is based on the general mood of the board, as the number of crazy BUY BUY SELL SELL troll posts have dwindled in the coming days after the drop.
Point is it's gonna go up, it's only a matter of when. And the answer to that is probably when most think they will get the most profit, which will be at the next slight drop. Because most aren't buying bitcoins since if they were, the rally would have started already.
Do most of you agree with the statement that the rally will FOR SURE be well on it's way in the middle of the next week? Very few of you seem to think the meeting will have a negative impact.
Also yea I'm calling it the GREAT DROP now as opposed to "ALL TIME LOW" lolol.
Topic: The great rally will begin at the next slight drop - page 2. (Read 2478 times)
the all time low itself indicates an all time loss where everyone involved is poorer than they were
I'm not. And i'm quite sure i'm not the only one who actually gained from that drop.
Yes, I think your original assumption is that poorer or richer is based solely on possession of fiat currencies. When the BTC/USD rate drops, one just gets more BTC, and is consequently richer, not poorer, in terms of bitcoins.
the all time low itself indicates an all time loss where everyone involved is poorer than they were
I'm not. And i'm quite sure i'm not the only one who actually gained from that drop.
Your TLDR is longer than the meat of your post.
Also, all time low? ALL TIME LOW? in the past ~3 months you mean...
Also, all time low? ALL TIME LOW? in the past ~3 months you mean...
A really close look at the charts show that after the huge rally from the all time low it's been dropping very very slowly for 2 days. A huge long term rally is inevitable, but who are we kidding it's always been inevitable ever since the drop from 30. The conference is rather uplifting though, and the all time low a week ago is what it is: an all time low and overall it's been going up from there.
Taking all this into consideration, I think that it will keep going lower very slowly until for whatever reason it goes low very sharply, and then immediate stabilization. The subtle sharp decrease will be a cue for all the people who know that a large rally is going to happen but still haven't bought their share of coins yet (This is the majority I think, as not everyone can so suddenly go all in after the all time low, as the all time low itself indicates an all time loss where everyone involved is poorer than they were. It takes some time to recover enough to be able to buy anything, and it's been enough time now, people are just waiting for an opportunity to get the most money by waiting on the lowest price possible, which is where the aforementioned subtle drop comes in), the subtle sharp decrease will be a cue for the majority of people to buy in which will spark the great rally.
TLDR: Due to the all time low and the prospective bitcoin meeting the rate will definitely increase; however it's been very slowly decreasing for the past 2 days. The all time low indicates an all time loss so people need some time to recover.
Due to the fact that relatively enough time has passed to recover, people are now waiting for the lowest price possible to buy in so in the upcoming days there will be a sharp decrease, possibly subtle, and then slight stabilization, that will be enough for people to believe it is the lowest price they can buy it so they will; which will spark the great rally.
This may or may not happen before the weekend. Will probably happen right before or right after.
Regardless, this is all speculation for this week. By the middle of the next week, the great rally WILL HAVE BEGUN. It's foolish not to think so (remember, going back to the basics of bitcoin, deflation (natural long term increase) is practically hard coded. The 30 high was TOO high so it was being corrected, and now it's too low so it has to be corrected).
Please discuss.
Taking all this into consideration, I think that it will keep going lower very slowly until for whatever reason it goes low very sharply, and then immediate stabilization. The subtle sharp decrease will be a cue for all the people who know that a large rally is going to happen but still haven't bought their share of coins yet (This is the majority I think, as not everyone can so suddenly go all in after the all time low, as the all time low itself indicates an all time loss where everyone involved is poorer than they were. It takes some time to recover enough to be able to buy anything, and it's been enough time now, people are just waiting for an opportunity to get the most money by waiting on the lowest price possible, which is where the aforementioned subtle drop comes in), the subtle sharp decrease will be a cue for the majority of people to buy in which will spark the great rally.
TLDR: Due to the all time low and the prospective bitcoin meeting the rate will definitely increase; however it's been very slowly decreasing for the past 2 days. The all time low indicates an all time loss so people need some time to recover.
Due to the fact that relatively enough time has passed to recover, people are now waiting for the lowest price possible to buy in so in the upcoming days there will be a sharp decrease, possibly subtle, and then slight stabilization, that will be enough for people to believe it is the lowest price they can buy it so they will; which will spark the great rally.
This may or may not happen before the weekend. Will probably happen right before or right after.
Regardless, this is all speculation for this week. By the middle of the next week, the great rally WILL HAVE BEGUN. It's foolish not to think so (remember, going back to the basics of bitcoin, deflation (natural long term increase) is practically hard coded. The 30 high was TOO high so it was being corrected, and now it's too low so it has to be corrected).
Please discuss.
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