Yeah, I've been thinking about the costs of mining and the current price of Bitcoin. I really don't think we could go lower than 4.8k-5k, and even then, that seems pretty tight for miners.
I feel that what would happen is a large amount of selling volume to just reach those areas and reset everything, following buy a large amount of buying volume to finish the correction.
Wow! So we have broken though...
Bitcoin seems a lot stickier right around 6k than a lot of these other coins....are you jumping in yet or still biding your time?
I have bought in several times already....considering converting other coins to steem now but then its more a game of relative pricing and I don't know if I'm smart enough to make money that way, might as well just leave myself properly diversified....
I'm holding off for a bit lower. Low 70 cents would be ideal, given I bought around mid 90 cents already.
It's in a support zone now, yeah, but it doesn't seem particularly strong enough just yet, and looking at BTC, that looks like it isn't going up much just yet either. Really just not strong enough signs of life in either pairs. Best to wait and see.
I have picked up a few times, We never got below 82, did you end up getting anything? Do you still think we'll see under 80? I think the bottom might be in, with so much bullish news and developments I have a hard time believing the market could be so irrational for much longer, but I've been wrong before! (A lot of times actually!)