Adrian-x
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000



View Profile Personal Message (Offline)

Ignore
September 16, 2014, 10:55:23 PM

Damn, how many times I got to tell you guys?

The only reason price is still down at this level is because wall street is manipulating the market in one last ditch effort to buy cheap coins. Once they've had enough, they will allow natural organic growth to $1,000 and probably much higher.

Yes.  This.  

The same people that want to keep the price low will eventually want to pump it up.  I am just surprised how patient they are and how long they have kept the price low.   Undecided

They know that the longer they keep the price low, the more "weak hands" they can shake and get the price even lower. I'm optimistic, but in the short term I suspect we'll go lower still. Really, it's in the hands of our Wall Street overlords.  Grin

When they want it to go up again, it will be epic.

I think it's the other way around, coin price is high when you factor cost of production (excluding investment - water under the bridge) so cheap coins if you think just 6 months ahead, and a over supply at this time.

It's not week hands problem it's a lack of proponents with capital. I'm also thinking we go lower until mining profitability and demand stabilize, around marginal returns then we see a pop.