Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now? Right now anything above $400 is just as fake as $399.99.
Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.
if you didn't like the recent action, and find it encouraging for bulls anyway, you don't understand what you're watching.
There's nothing in this current market that is encouraging for bulls, not that I can see. If we had a sharp bounce like we did back in May, that would be another story.
So what am I missing here? Or are you just talking smack?
With comments like these you're starting to sound like another "Teflon Man", Adam.
We each are probably going to have our own readings on this.. just like my little doggie and Aminorex's monkey... but ultimately, we can find some relief in the fact that prices are kind of holding in this $400 territory.. and that could signify bullish - even though some people are going to read the same behavior as bearish...
None of us really know, so sometimes, we still like to exaggerate our own self-righteousness in the process... which may just be playing around.. to some degree.
Just like currently, even though prices are below $400, I am a little afraid to predict NEVER again $400.. and then a couple of weeks ago, when prices went below $500, I had asserted that we would be back above $500 in a half an hour... and we have NOT been above $500 ever since... so what the fuck?
I think that a lot of us realize that one pretty good sized whale could cause an upward cascade.. that could bring prices into a $100 or even a $500 bounce upward.. but we have NOT been seeing any of that kind of action for several months... and there may be sort of a concerted acceptance from several big whales to realize that the time has NOT yet come for any kind of meaningful upward momentum. I doubt that means that BTC is dead.. and maybe there could be some irreversible damage from sustained lower prices, but I even have my doubts about that because there are probably a few whales that already know that they can accumulate and even on their own bring prices into very profitable territory and even know that getting into these kinds of profitable territory is going to raise a lot of news and maybe even cause a certain public piling on that they would like to defer for a little longer (could be a week, could be a month could be a year... fuck!!!!!!)