Would you like a nice Cheddar to go with that whine?
To my point. You bought in October/November. You are new to bitcoin. No one is trying to convince you that we are going to the moon tomorrow. Read my posts. Over and over and over again I state we are in a bear market and we might hit the 200 sma average on Stamp before reversing. That average is at $450+ today and in about 4-5 weeks it will be at around $550. So we are well on our way to full correction, in my opinion.
There. You happy now?
Btw, China doesn't matter. You think that was Chinese money going into Bistamp and Gox? It was money from all over the world.
It doesn't mater how new I am. Before 2013 bitcoin was just play money for buying drugs and the entire market system revolved around that utility. Right now bitcoin is at the doorstep in becoming a legal financial tool. This moment is crucial, if it succeeds it will rise much higher, but if it fails, then it won't get another chance. So, I don't really care about your bitcoin experience pre-2013. I just care if bitcoin will get past that doorstep or not. And currently it seems like it is slowly falling back.
And based on what, do you see that the price is actually rising not just preparing another deeper drop?
All I can see is relatively strong bottom resistance and very little lift. But without lift the bottom resistance is weakening and we can see this through most of January. There won't be a rise just because there is strong support at the bottom, there also has to be strong support for lift, but it aint there. Without lift the bottom will only weaken and weaken until it breaks.
