How many bounces off of 395 edit 390ish can we have ?
I thought that we were using bitstamp as our price reference point? , and bitstamp has NOT gone below $400 for more than 2.5 days ago.. touched $400 twice during that period, so far.
right you are, seems I was observing it incorrectly at stamp but still a lot of the other exchanges have dipped below 400. I would really just prefer the bottom to go ahead and solidify itself already lol.
Well one thing is that all of us seem to specify if we are NOT referring to the Stamp price, otherwise we are referring to the Stamp price... So that can be good that we are on the same page regarding BTC price reference points.
Regarding the bottom.. gosh.. who knows?
We could be at this bullshit manipulation for several more months. I hope NOT, but I do NOT rule it out as a possibility. However, merely because BTC prices are floating in the $400-ish area would NOT, in my opinion, kill BTC in the long run because it seems fairly apparent that there are big money forces purposefully pushing BTC prices down... and once the BTC price direction changes, it would NOT take too many actors to push BTC prices up and cause a cascading upward effect.....
But even if BTC prices go up, I personally expect prices to bounce around and to be manipulated (especially while they are in the $400 to $850 territory).
I'm thinking that once BTC prices get past $850, then we are moving into another game.. that is the upward trajectory game $3k to $12k - depending on momentum and piling on effect. How long will it take to get BTC prices to $850? could be weeks or months or even a year...
Anyhow, I believe we need patience to watch some of these BTC price manipulations play out and maybe to continue to attempt to buy BTC on dips or possibly save ourselves some stress by just buying BTC once a week on some other random day... Each of us has our coping mechanisms through these kinds of times.. because yep, we can see that prices are considerably undervalued and we are hoping for the price trend to change direction.
Personally, I have never watched the price fluctuations of any asset with such intensity and for so long, as I have with BTC, and maybe markets have NOT been so 24/7 with other assets? I am hoping that some day I will grow out of the watching aspect of it?
Maybe after the next bubble, though I have some doubts about that? On the other hand, and on the pessimistic side, we could be forever waiting the next bubble that never occurs..