Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
It's because it's total nonsense based on nothing.
Because we had a speculative bubble which made the price go x20 in 3 months. And speculative bubbles need to fully deflate before a sustainable growth trend is resumed.
Jeeez, guys, we where buying BTC at $14 in January. Chill out and let the motherfucker correct before it goes up again.
Well said ... except the buying at $14 bit ... wasn't around for that unfortunately
That's the problem of all those crying about the price going down, because it "hurts the coin". Come on... It's so obvious they bought during or just after the hype cycle, and they are scared and butthurt.
Price goes up, prices goes down. Been like that since this baby was born in 2009. But, in the big picture, price is way UP. Even if it takes 2 more years to break $266, it will happen. Just chill and relax. If you bought during the bubble, bad luck, you should have known better, just don't make the same mistake made by those who bought during the 2011 bubble and cashed out for good at a loss because they were bitter and butthurt.
Bitcoin won't let you down, just use your brains and don't be a pussy. This baby needs to grow, and this game is played in the long term.
