New money decides the movement of price

[ivyleague1985]

Existing bulls and bears are just well matched in strength at the moment. Bulls don't dare to add too much long in the fear of another 30K sell order. Bears don't dare to open new shorts due to the historical high swap ratio (i.e. potential short squeeze).

Now the balance can only be broken by the third force, the new money.

if all those crash related, MK related or miami meeting related news casted by CNBC, Bloomberg, WSJ, FT and the Economist could draw mainstream eyeballs and new money in, then bulls win.

If those news fails to attract new money, then bears win.

I personally believe new money will come in, judging by the increasing searches of "bitcoin" on google and the news that some high-net-worth people are interested in bitcoins (coindesk article 2 days ago).

[okthen]

Not necessarily. When the sentiment of a real bottom reached sets in, people start buying, be it bulls or bears. And the price rises which makes people panic buy, and it's a whole snowball effect.
News might make it quicker to start, but eventually I believe a new bubble might come without major events.

[Q7]

People basically will see it as a good investment if the price is right and which at that level they are willing to pay for it. When price gets lower up to a stage where investor weigh it against what bitcoin has to offer, its future and technology, its potential and benefit over conventional currency, community support it is getting, they will determine whether at that level they will buy. So essentially I am not quite worried if price goes down

[smracer]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

[ivyleague1985]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

You answered a million dollar question for us. Hope your statistic is not biased.

[BitCoinNutJob]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

Nice one thanks for the stats, i will be depositing more fiat again soon if we go any lower

[sniveling]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

Have your transactions ever gone up 500% before?

[smracer]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

Have your transactions ever gone up 500% before?

Nope.  I have only had them in place for about a month.  It has been steady except for yesterday where I did my average weekly sales in one day.

[inca]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

Have your transactions ever gone up 500% before?

Nope.  I have only had them in place for about a month.  It has been steady except for yesterday where I did my average weekly sales in one day.

But but but the trolls say bitcoin is doomed.

[inca]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

Have your transactions ever gone up 500% before?

Nope.  I have only had them in place for about a month.  It has been steady except for yesterday where I did my average weekly sales in one day.

But but but the trolls say bitcoin is doomed.

he used to have 10 transactions per day before, today he has 50 and he gets excited, so you see why bitcoin is doomed.

sub $200 is way too expensive, he asks you to wait so he can dump bags

You better hope this drift down isn't a bear trap silly troll alt.

[NotHatinJustTrollin]

I own some Bitcoin ATM's and I can tell you my transactions are up 500% today.   Just wait until all those people get their bank accounts verified on Coinbase next week.

Have your transactions ever gone up 500% before?

Nope.  I have only had them in place for about a month.  It has been steady except for yesterday where I did my average weekly sales in one day.

But but but the trolls say bitcoin is doomed.

So you are relying on the word of a stranger on the internet who is apparently observing an increase in people using a bitcoin ATM as an indicator whatsoever of bitcoin's future success?

[NotLambchop]

...
I personally believe new money will come in, judging by the increasing searches of "bitcoin" on google...

-Keep hearing about some "bit con" thing...  Something about "worst investment of 2014," hear it lost 40% in 2015 too.  Has to be a joke, no one could seriously be that stupid, could one?

-Why don't you google it?