I think your two goals are kind of at odds with each other...as soon as there is a hint that there is more stability and more "markets" lets say exchanges improved ecosystem and adoption growth and clearer regs etc.. as soon as the market gets (even more of) a whiff of that then , the price will go up to price it in, not down, unless "they" manipulate the exchanges to get a better price to buy in at...hmmm
Yes, that's the point. Investing into BTC is only attractive if there is a reason for the high price or the price would be low enough. When the price is high without a reason, other then desperation of fanatics, then it's not a good investment.
News I care about are:
a) Opening/Closing of markets
b) Changes in legislation
c) BTC code
Rest of the news don't mean much to me when speculating the price. During the previous period a,b and c have only been negative. So, to me, there is no rational reason for the price to be much over then it was before the China boom. It's not the first time when markets are not rational and hold the price up by fanatics or manipulators. And this kind of irrational market, that is held up by pillars that are on a verge of breaking, is a big no-no as an investment opportunity.
The price has to rest on a more solid base then on "will of the HODLERS", or it has to create real increase in demand. Either one has to happen to shock this 2 month old dead cat to life. It could of already have been in a slow and stable uptrend if the market would have been more rational and finished the "loss of China" crash without denial.
It's stupid because it only wastes time..
I agree with you mostly except for the price resting on pillars on the verge of breaking. There's been a major increase in adoption and the demand is growing rapidly.
I honestly think the bottom of this downtrend is $600; anything less will be bought either by new users or existing ones. In this market we have a catch-22 where a large number of the speculative traders are looking for a larger crash but the market has changed so dramatically in the last several months that the support level is higher than anticipated. The population is growing; even now in this time of FUD the market is flooding with new users...
I think as soon as the speculative investors start to realize that the bottom is already in they will contribute to the next rally by reinvesting...