February 1st bitcoin looks like its rising. Thoughts?

chessnut

legendary

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Quote from: notig on February 01, 2014, 02:40:39 PM

I don't think at this early stage bitcoin is capable of slow incremental growth. I also think it's unrealistic to expect it to begin another bubble just a mere 2 months after the previous bubble. I think there will be another bubble but not for another 2-12 months from now

after the bubble before this one it spent quite a long time creeping along slowly.
but yeah, it only need to creep along so much before the speculators come.
that's the nature of exponential growth.

BitcoinAshley

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Is this just like "January 31st bitcoin looks like it's crashing?"

MatTheCat

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Quote from: bitcoinsrus on February 01, 2014, 02:37:06 PM

I am checking the local exchanges and today it looks like its going high. How high do you guys thinks its going to go (850, back to 1k?)

All the longer term technicals are in opposition to the price going much higher. Most likely is that we trend in this range up to $835, and then more down time.

But we will see. Perhaps 'events off the field' can turn those technicals on their head......but I won't be placing my money on this being the case.

notig

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I don't think at this early stage bitcoin is capable of slow incremental growth. I also think it's unrealistic to expect it to begin another bubble just a mere 2 months after the previous bubble. I think there will be another bubble but not for another 2-12 months from now

bitcoinsrus

hero member

Activity: 518

Merit: 500

I am checking the local exchanges and today it looks like its going high. How high do you guys thinks its going to go (850, back to 1k?)

Topic: February 1st bitcoin looks like its rising. Thoughts? (Read 875 times)