The train stopped moving. The auction gave it a small push up. Then it slightly crashed because oooommmg 1 winner. Now we're stuck. I might be wrong but i have the feeling people need a specific reason to buy more. Another deadline that turns out bullish. Obviously amazing news about big companies means nothing anymore.
I don't see anything bullish happening soon so my guess is we will go down again. A big dump followed by panic. Or a new round of hot steamy FUD. People soon will be looking hard for a reason to dump.
People are looking for a reason to sell. Not to buy. And that reason for selling can be almost anything. The reason for buying, almost nothing.
And i hate to sound like Tera so i hope i am completely wrong.
Well that escalated quickly. We can have a small period of stability - which is very likely in this $600 price range.I don't see anything bullish happening soon so my guess is we will go down again. A big dump followed by panic. Or a new round of hot steamy FUD. People soon will be looking hard for a reason to dump.
People are looking for a reason to sell. Not to buy. And that reason for selling can be almost anything. The reason for buying, almost nothing.
And i hate to sound like Tera so i hope i am completely wrong.
Really, price moves up 10% in 1-2 days and people are already getting impatient and antsy when the price stops moving up for one day or omg panic it moves down a whole 20 bucks! Another bubble with a seemingly endless parabolic rise is not going to happen at this point with the exchanges we have right now. Fundamentals and technicals are looking good but it's not just going to rocket up in a few days, the ride up will continue to be bumpy and takes time. People are spoiled and have no patience in the Bitcoin world, it almost makes me wish professor bitcorn was right. But not really, because the naysayers and pessimists are even worse.