I wish for $10 - $15 but that will not happen.
definitely won't.
I never understand people who wish (near) single digits. Do you realize that if we had those you would start wishing for even lower prices? Such prices would shock so many people that no one would dare to buy in.
So, let's say it drops down to 15$ and you buy in big time. But wait, then it drops even more down to 1$. You have now lost 93% of your investment. Still a good idea to buy in at 15$?
It's easy, actually... We're in a 15 months+ downtrend now, that means out current momentum is pretty pretty strong. In order to achieve a trend-reversal, we need to have some serious bull action over quite some time. That's difficult to achieve. Shorters don't care for prices going up - they profit from falling prices just as well. And if the price continues to go down, they make more money. If the downtrend never stops, they never stop making money!
The bear market actually sets up the bull market by altering the forces of supply and demand so severely that, at some point, there is almost no selling left to stand in the way of higher prices. This is how a bull market begins, with a high-volume selling climax that shakes most of the selling out, signaling to pro traders and big money that a potential bottom is in. They go into accumulation mode, keeping the price within a certain range, making money on the swings and pulling any additional supply from weak hands. If the price holds in this range long enough, it's a signal that no new supply will likely enter to force prices lower, and that higher prices can be achieved.
Once a bull market actually begins, the price is so undervalued that it goes up easily once the brakes are removed and even a little demand is simulated. Time it with some good news and it's off to the races.
Think of it like a valuable baseball card or any other sort of collectible. When many people hold it, suddenly it is not so rare and the price will go down. Conversely if very few people hold it, the price will go up even if demand remains the same. The same laws apply to any stock or commodity. It's just that making money in markets is a big business and there is much more at stake, so you often see bad news on selling climaxes, encouraging holders to let go. Why do you think there are so many trolls here? If you were trying to buy real estate at bargain-basement prices prices to sell later, you would be focusing on bad news in hopes to drive the price down, not good news. When you are selling, that's when you unleash all the good news, so you can sell at higher prices.
