Feeling fear again.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.
I think this is the epitome of a bear market condition. Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down.
There are a lot of bids down to 400.
But if they were so eager to buy, why are they not buying? Whats the difference between 400 and 470? Granted, its 17.5%, but still if they wanted the coins so bad, they are right there for the taking.
In my opinion, the longer we don't go up, the more likely we are to go down. Its already Wednesday in most places. We have about 36 hours to make an upwards move, in my opinion, or there are going to be some selling going on.
Of course, I guess we could just inch down like we did from 710 slowly and surely.
I find it a lot more difficult to take someone serious when they are asking silly ass questions.
We (bullish ones) do NOT know if the market is moving up or down in the short-term.. surely the bullish ones have been buying, and BTC has been in the $400s for 3 days... I am sure many bullish have already bought.. but maybe would buy more if there was some certainty about whether in the short term we were going up or down... even though in the long run the bullish ones are expecting BTC to go up....
I bought some BTC in the $440s, in the $450s and in the $480s in recent days. Generally, I am waiting, and I have NO idea which way the price is going to go in the short term, though I may buy again in the $450s, but if it is possible that the price will go to the low $400s, then I would prefer to buy there.... and if the BTC price is going into the 300s, then I would prefer to buy there. If I know for sure the price is NOT going to return to the $400s, then I will buy a little more in the $490s... so what the fuck.. we don't really know what the fuck the price is gonna do in the short term... it's a silly question to ask why aren't the bulls buying...
Anyhow, your statement seems just to attempt to incite argument just for the sake of argument... b/c truly you should be able to figure out the answer to such question.
EDITED above to break into three paragraphs and add a little bit of "fucks"