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.
Ahh yeah. It will take some stability for sure. Solid gains for 4-5+ days, people will be foaming at the mouth for more. We just need to hit the bottom so we can start the ride all over.
The biggest problem with BTC atm is that someone has to hold it. Someone has to hold onto those 11 million coins. Right now there's not enough people willing to do that for any length of time. It's a lot of "hot potato" and no one wants to be left holding the bag. So we keep passing it around while the price keeps getting pushed down.
Eventually it will get so low, people will just be resigned to holding the coins. Right now no one wants to hold coins that are hemorrhaging value.