Calling this a found bottom is a little early in my eyes.
It takes a longer period of time than just two hours to determine whether we were at a low or not.
Looking at poloniex, I see bitcoin was sold under 10K again just a few seconds ago.
Topic: Bitcoin bounce, the revenge of the vengeance. 5 digits again (Read 201 times)
The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.
or ill wake up tomorrow and we will be ~8500, no one knows,
I'm pretty confident that a final panic sell wave will actually bring us lower than 8500. But what I'm saying is that it will recover soon. This is nothing to worry about - just Asians cashing in their Bitcoins for taxation purposes.
A lot of new investors panic-selling just exaggerates everything.
Markets should have calmed a bit since it is already early morning here in the East. Wait and see if Korean and Japanese markets stabilize.
The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.
or ill wake up tomorrow and we will be ~8500, no one knows,
The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.
probably too soon but for the fun of it i managed to "capture the moment" so to speak 
Well here it goes, 4 digits again 
Anyway, still hold on the rest of my original post.
Well that fact makes me say that the bottom is past us.
Check the chart of daily values https://www.coinbase.com/charts
Anyway, still hold on the rest of my original post.
Its far from over, it did this "bounce" yesterday from 10-11k, then this morning it was low 9000s
Well that fact makes me say that the bottom is past us.
Check the chart of daily values https://www.coinbase.com/charts
I wouldn't call this a bounce.
No lesson taught here. The market been moving like this for past 3 days. It goes down $1000, then up $500, then down $250, then up $150. The only time you can make boastful claims like these if the price movement overall for 1 day is not in red... let's see how many more days before that actually happens.
Its far from over, it did this "bounce" yesterday from 10-11k, then this morning it was low 9000s
Congrats to every bottom buyers, we've just bounced on the bottom.
Lesson taught to panic sellers (so freaking glad I didn't).
I expect a small resistance and then either dip again or recovery.
If there is a sky rocket, it will happen this summer.
Lesson taught to panic sellers (so freaking glad I didn't).
I expect a small resistance and then either dip again or recovery.
If there is a sky rocket, it will happen this summer.
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