Get over it. BTC price will never go up to $10000 or $5000. Not even $2000. Here's why.
Institutional Investers are not coming. They are risk-averse as a group. They do not like volatility in their invesstment portfolio. They prize stability most of all. Bitcoin is a bit too volatile for their taste. They are not going to put their money in something that loses 60% of its value overnight.
Too many people bought in during the China-induced bubble at the end of last year. They have seen the value of their bitcoins plummet. Some people have lost their life savings. They will cash out if BTC goes up to $1000 level, if they have not cashed out yet. After cashing out, they will never come back. Once bitten, twice shy.
Bitcoin has failed as a currency. It is a store of value, a commodity like gold. How many people would like to use gold strictly as currency? After 4 and a half years, Satoshi Nakamoto's vision has been turned upside down; The BTC experiment is a failure. Without a strong government support, you can't have a secure, reliably and stable currency.
Bitcoin will continue its meandering ways like this forever or until its demise. There is no S-Curve. There is no magic ride to Million dollar trend line. This is it, folks.
everything has a volatility when they first started, just like banks in the olden days.. last time no one will keep their money in their bank.. because they are scared..
gold and silver is volatile too
last time police wear short pants, last time guys have long hair, by the way investors will come once there is much support for decentralized crypto currency because there are only limited amount of them..
its just like abalone and shark fins, just taste normal but they are expensive why? limited and rare..
its not if bitcoin will get support from goverment.. is only when will they get supported.. and i think soon,
remember not long ago California just pass the bill for bitcoin to be legalize tender? remember winklevoss said their SEC process is going on very well? remember secondmarket says 4th quarter of this year? do u even read news dude? i think your brains only have news in the past not the future.. LOL!
and yes.. if u quit bitcoin sell me cheap please.. why stay here? LOL!!!!!!!!!!!!!!!!!!!
bitcoin TO DA MOONN
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