So many bears in here its crazy. Please tell me one good reason that doesnt involve an imaginary line why the price is going to go down farther than it already has?
Edit:
Heres an imaginary line.
It's almost as if you're personally offended by the fact that we think price is going to go down further. Are you maybe a tiiiiny bit overinvested?Edit:
Heres an imaginary line.
Re: your graph. Yes, I agree, that's a possible line of support. Will it hold? I don't know. I wouldn't bet on it
It's a common theme felt by 'bears' on these forums. Bulls are often offended at someone for being objective whilst evaluating the possible direction the price could be heading. I believe it was someone in this thread that said bitcoin has an amazing ability to exceed expectations both up and down. We should never allow our personal invested position to cloud our judgement when attempting to rationally evaluate the situation.
In response to lebing, As you are obviously a bit bullish, perhaps the burden of proof during this price decline is for you to prove to us, why we should start thinking the price will stop going down, and start going up? Something more helpful than an imaginary line would be nice!