Post
Topic
Board Speculation
Re: Preparing for the BIG FEAST!
by
Denker
on 11/07/2017, 08:47:31 UTC
I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

Remember, the apparent use of bitcoin is as a store of value. The case of it being a currency has long gone.
Not much of a store of value if it drops 10% in 1 day. Thats HUGE - definitely not peanuts.


The use as currency can not happen first! It will happen much much later. Right now it's the store of value what attracts Bitcoin. To function as a currency we need way less volatality, therefore a much higher market cap, further technological implementations and much more adoption. This will take many more years!So actual status quo is fine.

Regarding the opening post. I don't know, we may go down to $2000. With lots of pressure and brutality maybe below that for a short moment. The buying pressure at this level will be huge imo. So if you guys have some money left and speculate for cheap prices, place orders at those levels -> 2k, 1.9k, 1.8k! With lots of luck they may get filled!