It's a bear market without any doubt. Even after all the good news we had lately, it's still a bear market. The technicals are telling us that the price will continue to drop. Won't be surprised if we see btc price fall to under $200 in a couple of months.
So basicly from an investors point of view you should seriously consider getting out now and buy in later. If not you are just stupid or you own 1 coin for buying drugs on SR..
Time to sell!
yeah and me buying stocks .selling them and buying in again always works sooooo well
I'm in it long term..it works or it don't..them's the breaks
51.5 btc ATM from mining $7.5k investment
Long run or not. Obviously there must be some reason for you reading the speculation forum. I'm not talking about daytrading. The only thing that could drive the price now is if big money is coming in. That might happen but not at these prices.
As we have seen over the past month all the good news in the world just wont do it.
Try thinking past short term timescales and price movements and see the bigger picture.
Course, if you bought in at 50$ it's probably no big economic loss compared to your investment anyway even if btc dies. The way I see it is that the "big picture" is not gonna happen at least not this year or the next, so why not be smart and wait a little and buy in at lower prices while adoption evolves and big money enters the game (hopefully). Why aren't we seeing any real big players investing in btc yet? Because the wall street guys still think it's way overpriced despite all the good news. Not to forget that there is actually a lot of uncertainty when it comes to btc survival skills. (The Napster story..) That's why. But everyone have different strategies and predictions of the future. Your guess is as good
Sounds plausible.
You say we aren't seeing any real big players investing in btc but that is a naive. What is likely before any major players accumulate is price weakness. The first you will hear about big players building a position is when they want a price lift to sell into.
Actually at the moment really big money simply cannot enter due to the thin trading and small market cap.
Napster was centralised so I don't think is a good comparison. BTC could be superseded by a competitor but I see no sign of that thus far.
