IMHO it's 2011 all over again, the downtrend will continue ,
with a few bumps here and there
Good news is not enough any more to fuel the rise,
people who want to get into BTC still think it's expensive
with a few bumps here and there
Good news is not enough any more to fuel the rise,
people who want to get into BTC still think it's expensive
They can buy in fractions of a coin... dah?? You know deep down that these dumb fucks are NOT going to buy NO matter what the price between $1 and $550.... they are NOT convinced, and if they price is going down, they are NOT gonna be convinced.
On the other hand, they are NOT gonna think that BTC is too expensive when it is in the $850-$2500 range b/c then a lot of people are going to be buying out of fear that they will miss the train (that they already missed when they failed to buy between $550 and $850.
That is just the way... of these kinds of paradigm shifting innovations... such as BTC.. they do NOT recognize the value, until the price is skyrocketing.