Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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What I meant is that people who were buying thought that yesterday was a clear sign of reversal, others thought that the 30K wall was a clear attempt of manipulation to buy "cheap" so they bought back fast, others thought it was the last sign before the Cho Cho...
What people seem to ignore or don't understand is that once we reach the bottom, no one will miss buying "cheap", because we will be trading at that level for several weeks before going up.
What I meant is that people who were buying thought that yesterday was a clear sign of reversal, others thought that the 30K wall was a clear attempt of manipulation to buy "cheap" so they bought back fast, others thought it was the last sign before the Cho Cho...
What people seem to ignore or don't understand is that once we reach the bottom, no one will miss buying "cheap", because we will be trading at that level for several weeks before going up.
Between 17th October and 20th December 2011, the price fluctuated between 2$ and 3.5$, with only 2 days above that.
The current bear market seems to last twice as long as the 2001 one, so you should have between 2 and 4 months to buy cheap coins.
