All deposits from people who want to buy the dip should have arrived by now. Buying pressure still seems ridiculously low compared to what we saw after the drop to $275 last year. I'm expecting another large drop this weekend. Will probably go short here. Maybe good news revealed during the Miami conference could save us though.
Obviously it's weaker the lower the price goes; Lower price means less money present and also interest. The bounces have been getting weaker and weaker ever since MtGox vanished. The only real explanation for the price dropping for more than a year is that fact (gox gone). Shorters will win all the way down to double digits. The world has had 6 years to be interested in a revolutionary technology and they are not interested. The little buys we are seeing now are people scared to death to miss out on profit, but there will be none. That's it.
When the world had 6 years internet already invented, nobody gave a shit about internet...in some places there are people learning what internet is even now in 2015...So..wtf are you talking about?
Why are you comparing btc to the internet? it's supposed to be a currency, are you saying that the internet is a currency?
The point that is trying to be made is that stuff that is "revolutionary" so to say does not take off in a year or 10. It needs time to mature by the geeks ( us ) to get it right before it starts to take off for the normal people.
You know this reminds me a lot of the internet, or even computers. I was budding when the whole tech thing started to take off. Heck, I recall a buddy of mine stole the floppy disk that had our grades on them and edited them to give all of us A's...Point being that it takes a great amount of time for things like this to catch on.