Have you actually thought about why that three to four K rumor has been going around? If people are convinced the price is going to go that much lower they are going to hold off on buying. That lets the smarter money accumulate right now.

Sooner or later the price will start to rise and then all the people who were waiting for 3 to 4 K or going to think okay it's coming sometime. We will start making a series of higher highs and higher lows and then the fomo begins.

When you hear hedge funds make statements it's not in your interest. The other day when Mike novogratz called the bottom. The only thing that means is he probably has a good long position. People like tone vays have thrown out some low prices but he's also doing it in a worst-case scenario type statement. If you listen to the guy long enough he says the first step is getting to 5000 and seeing how things react. The low prices are not guaranteed and people have also asked him if he as sold and he will be the first to tell you he has not. Think about that one for a minute. If he hasn't sold how much does he really believe that super low price prediction