I just can't believe how many bulltards there are. I like this word as it wasn't around in 2012. This is why I think bitcoin still has way to go lower. It is far from the stages of capitulation and fear.
Just read any of the posts, you have most people saying stuff like below. Just read and you will see what I mean.
Great time to buy.
I'm happy that it is this low I can buy more.
I want it to fall lower to buy more.
It will be back above $300 in no time.
Great buying opportunity.
Nobody is talking about the fact that it continues to fall. Just the fact that it is better buying opportunities.
This tells me that we are probably in the Denial stage at this point. People still denying the fact that bitcoin has fallen for over a year and keeps going lower. Denial that bitcoin hasn't reached mainstream even though it was on the news everyday and had its greatest chance to go mainstream.
I believe there is still so much room to fall. Bitcoin was steady at $10-$13 for a while and it just spiked up too fast.
I personally wouldn't buy bitcoin unless it was priced below $50 dollars. To me it is not worth more than $50 max.
Like I already told you guys. Stop buying bitcoin as an investment to get rich until the price long term stabilizes for over a year or two years. Like it was a great opportunity to buy with it was $12 because it held that price for a long time.
Oh thank you kind sir for saving us all! Oh almighty bear, you are so wise and ever magnificent, what other wise advice do you have for us misguided fools? I am on the edge of my seat waiting for your wisdom.
Should I put all of my dollars under my bed or in my mattress? What is the best fiat buying strategy? Do you know Janet Yellen personally? Do you worship her currency just because she is so hot and you want to get into her pants?