Quote from: Canis Majoris on April 02, 2018, 07:36:28 PM

I come to think that we can't fall massively below 5,000 dollars per BTC - if ever - unless some major whale - of the Mt. Gox trustee's scale - decides to cash out. I base my assumption on the premise that people who bought coins at high prices like over $12-$15k won't be selling at prices below some psychological limit because selling at such prices will be pointless and their only viable option will be to continue holding. So it is not just about demand building up, it is also as much about supply running dry at lower prices. That could potentially lead to less volatility, at least temporarily until a new long-term trend gets established.

Agree. There is always a limit to how low one can go and would instead start to buck the trend and play it long term instead. Hit the moon or go for broke if there's nothing more to lose.

bigNoizboo

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