ugh bears, there are relatively unlimited people to buy, and such limited amount of people to sell. the chinese will run out abruptly in the middle of your trend party.
"Abruptly?" evidence? You have made a bald assertion with nothing to back it up. Where else are Chinese miners going to sell?
well practically, they can or cant sell, if they can, they will sell it to offshore buyers. if they cant, then they wont.
it's a fact that this will be resolved. there is a finite supply of fools who bought to get rich quick. they will sell, and never sell again.
but I guess anything is possible, so it must fall right?
As long as BTC is concentrated in the hands of people who have a negative fiat cash flow outside of BTC appreciation, selling pressure will continue. I know this because I am one of those people. I can survive for years before I run out, which means that if many others are in a similar situation, the down trend can last for years.
That doesn't mean the down trend will last for years, it only means it can. A crash is actually the bullish scenario. A long painfully drawn out slide is also possible.
The market could reverse at any time for any reason or no reason, but we are playing probabilities, not possibilities.
the probability is another argument, when gaming companies are purchasing 40k bitcoins on a risky day I think the bear argument is losing it's grounds. this trend is showing strong signs of reversal.
A Gambling company. Casino owners know value? I lived in Vegas before the great 2008 Crash. I assure you they do not.
