I started buying when it was less than $10/BTC and I still am going to wait. You seem to think it was easy money. It wasn't. Everybody was screaming at us to sell when it jumped to $50, $100, $200, etc. We held. and we held through the crashes too. Easy money spends easy. Hard money is hard to part with.
But you just said people had stopped spending because rates had gone down. And that merchants would now think twice. So are you saying $900 is the magic number for you and others to start spending? Or are you holding regardless?
I have nothing against you holding, btw.
That's close to MY magic number, but not everybody's. I try to stabilize prices by buying BTC on the way down and selling it on the way up to reduce volatility. Making money is just how I keep score on how good I am doing. It's the opposite strategy of the momentum traders and it can be very profitable if you buy and sell the right amounts at the right times. and they haven't stopped spending. They've slowed down. We're aiming at moving targets.