People really want to test those bids in the $450-$480 range on BFX..
If real, I cant see a new bottom forming within the next 3 weeks - 2 months. If fake, then continue on to $350.
If its real and the bids get taken... well, uh. Thats really bad.
If we go below the 400, there will be no technical support to test before the 150's from last year.
Yes, I want buy some cheap coins, but I doubt we can survive sub-400 break for longer than some days without Bitcoin being seriously damaged.
Hope we bottom at the 400's.
This is what people here fail to understand. They just think going down, preferably to 100, is a good thing because they can buy cheap coins.
They fail to see that this thing won't just magically bounce back forever after every crash. There comes a time where people just say enough is enough and move on. I actually have a feeling that this is already happening on a small level at this moment.
If it's up to these idiot traders we drop back to 100 every 3 months. While ignoring it will totally damage the Bitcoin infrastructure and economy.
But their greed is infinite.
I keep saying it. You've had many, many years to buy cheap coins. Hoping a whole economy crashes just so you can buy a few coins (probably worthless by then) is just amazingly ignorant.
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