Anyone who thinks bitcoin goes to 5 or 7 again is a fool. We are bouncing on a trampoline and only going higher. The number goes down because the amount of new people that just bought in are easily manipulated and they freak out easily. The line to buy bitcoin is long, but the process is slow because of regulations. If you could open the floodgates on this thing, who knows where we would be. Newbies are easy pickings to flee. Watch bitcoin go down for 2 hours and then they start to crumble. Then they decide to research what is bitcoin, they see hundreds of magazine titles and news articles saying it's a bubble, they quickly sell to get past the panic of losing %5. Wake up the next day, see it coming back and passing their sell point, they jump back in. 2 weeks from now, the panic is gone forever because we shoot past 20k.
(From mostwnte - reddit)
Topic: Up season (Read 162 times)
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