I am and forever will be long term bullish on Bitcoin.
However, I think it is pretty clear right now that there is ZERO confidence in the markets.
It is pathetic that we cannot even stabilize above $430 after what happened the other day.
Many weak hands are scared and leaving the market.
Scared money doesn't make money, so please let me have more of your cheap coins
I think we will see $375 and stay around 4xx for a long time though before anything jumps off again.
However, I think it is pretty clear right now that there is ZERO confidence in the markets.
It is pathetic that we cannot even stabilize above $430 after what happened the other day.
Many weak hands are scared and leaving the market.
Scared money doesn't make money, so please let me have more of your cheap coins
I think we will see $375 and stay around 4xx for a long time though before anything jumps off again.
Im fine with this... more "cheap" coins for me too.
As long as adoption rate continues to climb I am happy. Price is being kept artificially low, wether it be manipulation or loss of faith. After that is done.... we all know what is going to happen.
I don't know what will set it off but the economics are in the bulls side in the long run.