Bitcoin isn't really a sinking ship, it's just still overvalued from the bubble. Expecting the price to stabilize from what it was early in the year to $100+ without a large, sustained influx of new buyers is just not realistic.
Yup. And we are in for a long painful slide
I'm just waiting it out at the moment.
I will probably buy and sell several times on the way down after each major movement when I expect to see a significant bounce.
I guess I'd class a major movement as something like $100 down to $70/$80 - these movements can happen very fast as can the bounce.
Then I'll dump again and wait for the next leg down into the $50 range, and so on until we hit the bottom which I suspect will be nearer to $20 than $50.
It would be so much easier to somehow forget about it for few months, wouldn't it?
