Post
Topic
Board Speculation
Re: How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now?
by
Herbert2020
on 11/04/2019, 05:47:56 UTC
So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices?

I'm not saying that the prices will still drop, as no one knows in the first place, but how did you even come to the conclusion that sub 3000 will never come? It's still definitely possible. Dropping down to below 3000 is just somewhere around a 50% drop from the current price($5,318.80 as we speak), which, if you've been in the cryptocurrency space for a while, you would know that 50%+ drops aren't even rare.

there is a huge difference between saying an unpredictable drop is possible and predicting with confidence that drop to $3k will happen while drawing some dumb lines on a chart to support that dumb prediction.
i believe the later is what OP is referring to. the fact is, price drop stopped at $6k and that was the bottom. even though price did go below $6k, anybody predicting anything below that with confidence and with charts has only been proving their lack of understanding of this market.