it’s in the making or at least that’s how I try to describe the current situation. as you mention, I expect the buyers to come back when stable MVP is announced or major milestone development is reached.
anyway, pretty soon I believe, in the next 3 weeks we’ll be seeing ~30k again and pierce trough it
:s i’m holding a margin long… currently at about breakeven , let that be a lesson for me , should have cashed out days ago! … really not sure where price is going to go next few days… lower at least to '16 i would imaginé…
Whales are exiting alt markets and after causing fear and panic (shaking out the loose dirt if you will). They will ride the next btc wave before buying back into the alt projects with most staying power. Clever little devils.
Back down?? where will it stop; there must be a ton of maids and indifference to ownership of them by some collective of people perhaps consistently selling; not to mention short selling maid is almost interest free its ridiculous.
Until the network proves itself it doesn’t really have a true value. It’s all speculation now. Wait until a major release and a show-off of functionalities, apps on top of it and media coverage. That’s what you should wait if you are a true believer and long term hodler
rarely things just go right back up after they went down so far… usually sideways; before some momentous change in directions happens consider it went to 28k and sidewayzed for a while;
So my guess is downward a bit and sidewayzing…
If we demo an app like safex over safe network, once dev team exposes the structured data api will be game changing.