He nailed one thing for sure: the no volume part, which is concerning for bull at least. If the coins are really dat cheap, why no volume?
The distributed P2P federal reserve (that is the Bitcoin speculators) have exhausted there fiat canons. We need a new QE type plan metaphorically lets not call it bond buying but investing in Alts. Instead of buying fiat.
Nope. Our cannons are aimed squarely at the bears. If the price drops just a little bit more...BOOM! Got yer coins. Go ahead and sell. Just try it. You'll see how much fiat we have left.
That's the problem... The bears have squeezed about as much out of us as they can... They gonna have to come up with some more tricks, fud or false news to get us to stop squeezing our BTCs. I do have some fiat in reserve just in case the price drops more.. .my next buy point is at below $550 on Coinbase... and I question whether we are going to get to that price point... maybe I will have to panic buy at $570, instead?
I'd love to get another crack at sub $550, but I don't need to. I'll do just fine if we never see that level again. I try to position myself so that I am happy to go up down or sideways. It's a lot easier if you have a bunch of coinz that you've had for years. Otherwise I'd be panic buying now.