Quote from: Harlot on January 28, 2019, 02:27:27 PM

Quote from: dbundus on January 28, 2019, 11:14:39 AM

Bitcoin does not care about investor confidence. It may not sound good but that is the truth.

LOL Bitcoin price won't even go into the bullish market or even go up if the traders has no confidence in the market. If you think Bitcoin can move up on its own then think again we are the ones creating the demand here and without us trusting the market we will see it fall. Even your expectations of Bitcoin being above 25,000$ won't be feasible if you yourself don't trust what you are holding. So if you want to see Bitcoin go up then you should be part of the people who are hodling Bitcoin until now

Indeed, Bitcoin cannot move up on its own

Just as it can't move down on its own either. It depends on who helps it move either way. And the rumor has it that the 2017 sprint to 20k was not due to traders but thanks to Bitfinex printing infinite amounts of tethers with which they had been buying up real bitcoins. If this rumor is true, that leaves us with no other conclusion but the one according to which we are not the ones out there who can create demand for bitcoins. Basically, this demand can be easily created out of thin air, just like fiat money