Quote from: RoadStress on March 30, 2014, 10:47:56 PM

Quote from: AnonyMint on March 30, 2014, 10:20:10 PM

Quote from: rpietila on March 30, 2014, 10:57:21 AM

(8 ) Every day we go lower, there has to be new sellers selling a growing number of coins to satisfy even stagnant demand. I would not bet it happening indefinitely.

You are ignoring my point about marginal supply and demand sets price.

We can't use fundamental demand arguments during a speculative move.

The lower the price goes, the more panic selling among those who bought at higher nosebleed levels during the 2013 bubble.

At what price did the huge surge in new buyers come last year? Looking at a volume x price chart from 2013 should tell us where the bottom should be.

I don't believe that the ones that bought at higher levels will sell bigger as the price goes lower. One argument would be that i think the most that bought at higher levels can afford to wait at least a few months and weren't so dependent on a very quick profit.

There are percentages (not all) who overextended or lose confidence. This is human psychology in all markets.

Also there are those who think they can get back in at a lower price and lower their average basis. Like playing chicken, who will blink first and last.