Too much ATH? A case for long slow slide.

[zby]

Some people are still intoxicated with ATH.  A long slow slide is the hangover that happens after too much ATH.

It is the same as in 2011.  There are dollars from the sold coins sitting in MtGox - it is too tempting to start it all over - that's why we'll have all these bull traps - mini rallies that stop in half the way.  But when people realize that there is no more ATH in stock then they stop, and there is less and less of that optimistic money - because it is withdrawn from MtGox to buy yachts by those that bought last year and now sold near top (or even above 100).

[1713481454]

1713481454

[1713481454]

1713481454

[1713481454]

1713481454

[1713481454]

1713481454

[1713481454]

1713481454

[1713481454]

1713481454

[just1nmc]

I don't think we have to hit an all-time-high anytime soon for there to be new interest and optimism.

I think a slow increase of value over the next few weeks would increase interest, regardless of it being at an all time high. Anyone buying in at $100 knows that bitcoin has been much higher in the past (a couple days ago), and could continue rising.

On the other hand, a slow decrease in value would reduce interest.

[NamelessOne]

The language of Nagle returns. While the price did slide, it reversed at a glorious $2 and Nagle disappeared, haha.

[zby]

The language of Nagle returns. While the price did slide, it reversed at a glorious $2 and Nagle disappeared, haha.

It took 6 months for that!

[NamelessOne]

The language of Nagle returns. While the price did slide, it reversed at a glorious $2 and Nagle disappeared, haha.

It took 6 months for that!

Yes indeed, haha. I was more commenting on the 'long slow slide' than anything, hehe.