BrewCrewFan
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January 04, 2015, 08:17:14 AM

I've often said that I want the price as low as possible for as long as possible, but I'm starting to feel like this is low enough.

The sentiment that I get from potential adopters is that they are frustrated that they didn't get in early, and thus they have a negative feeling towards bitcoin and they just want to see it fail.

I'm hoping that this 285-275 level will hold steady for a couple weeks and then a gradual creep up. Back to 350 by Feb, maybe 400 by April?

I guess it doesn't really matter where the floor is, as long as we determine some kind of floor, some bottom price to give new participants some kind of relative confidence that there is at least some kind of support and if they decide this is not for them, at least they should have the feeling that if they balk and want to get out, that there is enough liquidity available for then to cut their loose without getting completely raped.

Current range is good enough for me, and I hope, good enough for any potential new clients.

IMO It's a nice entry point and at least at this level I would feel confident in recommending bitcoin to people after first explaining that there is still the downside risk, but the upside might be so much higher...

Only time will tell, best of luck wall observers, and good night.

I think you hit it on the head when you said most that want to see it fail or just hate BTC and want it to crash down are those that are pissed off they did not buy in at pennies on the dollar.