It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)
I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.
I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.
Are you kidding? It was just at $266.
Once you have 4-5 days of gains, people will buy coins and stop selling coins. That's what happened before, each day people came back and the price has jumped. After awhile they started hoarding coins. There was so little supply the price skyrocketed. People want to believe, people want to buy in, you just have to give them a reason. It takes very little for people to get greedy. When the ATH is $266, people won't dump during a prolonged rally, they'll do the opposite and buy more.
I think we agree; I may have worded that poorly. Once we have a week or so of increase people will gain confidence again and start buying in. All I meant is that I don't think it's going to "explode" upwards, but rather a slow increase.
A slow rise in the bitcoin world looks like an explosion if you compare to other markets. So i think we meant the same thing
Haha yes, slow rise in bitcoin terms of course
