Quote from: naturerock on October 04, 2018, 01:37:11 AM

I've started to see the hype forming myself. I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

Ask them if they have some diapers and painkillers stocked up. Grin

Quote from: cellard on October 04, 2018, 03:06:20 AM

Right now im 50/50 on things.

On one hand, I believe we've already bottomed, and we are not going to break below the $6k resistance line, and if we do, it will be a quick dip as usual, only to get bought up thus strengthening the cost of production theory. So worst case scenario, we stay at a stable price for a long time until next FOMO cycle to $100k+. All these guys predicting lower prices with their TA get proven wrong once again (just like the were wrong when calling lower peaks than $20k)

On the other hand, I feel like there's still too many noobs holding coins which may need to get triggered into panic selling before we can stat shooting for the next ATH. This may include someone famous rage quitting as well, which would mark the end of the bear market.

There were attempts at causing panic. If you analyse the charts you will see these short dumps by whales meant to liquidate newbies. They are always followed by a big buyback. It did not work and they seem to have allowed the things to unfold on their own. This month there will be another attempt for sure.