Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed.
Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up.
All they see is previous buyers losing money.
What we have here is:
No new buyers.
No amount of good news will make the price go up.
Any slightly bad news will cause a crash.
No increased user adoption.
Lots of people getting out.
This was gonna be the year of Bitcoin. It simply failed.
It won't magically go up again. There is no reason why it would.
I really hope you pair of tits don't convince any honest people into selling here with your book talking!
First rule of the wall observer thread, don't sell or buy based off anything one thing posted here.
I think 500 is the bottom of this play and 550 is the heavy support zone...if we can get to testing that dumpers that'd be great because I hate how you can buy back coins after all these dumps and still end up with profits and coins or more coins
