ShroomsKit
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August 13, 2014, 09:37:20 AM

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

No, simply no buy pressure to be found. No bulls to fuel a bounce. I'm starting to think we really need a good plunge, into the $400s perhaps, to provide momentum for a strong rally. Bulls are nowhere to be found -- except those holding from higher up.

obvious ...people are not using btc....are holding ...no one new is flocking to bitcoin in the numbers we need vs the folks holding

we could be sitting on this kinda flat/slow fall till next year...

problem with that is consumer mining seems to be drying up as we speak w/o miners as 'cheerleaders' for bitcoin ..as such dries up...just a bunch
of geeks holding coin...that thru FUD and other means press/gov't will make out as fraud ridden...thus less newbies...a world wide 'assasination of
reptutation by the 'vested intrests" world wide.....like China is trying to do with bitcoin etc

this could be long/hard and dismal ..and the more uncertain it becomes and price goes down the less likely them 'institutional investors' will jump in

frigging 'dead cat bounce'

http://deadcatbounce.weebly.com/what-is-a-dead-cat-bounce.html

vs

diffusion of inonvation (acceptance)

http://en.wikipedia.org/wiki/Diffusion_of_innovations


well I'm in it for the long haul..if  BTC goes to $10 so be it.....ride the puppy down in flames....(drank the kool aid don't ya know hard to be us 'pod people')
myself if it stays above $150 usd I'm OK ...below that I'm toast...(pick your own USD oops moment)

Searing

What makes you think next year people suddenly will start buying?
It failed. Bitcoin failed. Things that fail don't suddenly get big a year later.