Everyone is so bearish here that the bottom must be IN already.
No, people are still buying and HODLers are still holding. We need panic on high volume. The current bounce to $6xxx is pathetic. More to come.
Agree. Saying that all along.
A couple of days of $40BN+ volume, and a spike low.
Doesnt matter where the low is, but ~$2000 feels about right (leaves a gap to the 2013 high of $1200).
Price/time relationship is not yet right either. 6 months to 2 years is a more proportional bear market.
You guys like Tera still live in the more early days. You cant just ignore the massive developement and adoption since.
That said, Bitcoin is not fully resistant against external powerful entities. It mainly can be harmed and surpressed on the onramps and offramps, which obviously will be reflected in the dollar value.