Topic: It won't go up anytime soon (Read 1364 times)
Disagree.
apart from the dead cat bounce. price doesn't just suddenly reverse....
Some cats really like to bounce
Not all bouncing cats are dead.
Bitcoin will carry on being used so there is no "dead cat." The price fluctuations are reflections of it being a small market with low liquidity.
bitcoin will go down until the first week of january and then it will bounce back, until then there is no bottom and depending on the news suring this period the trend can be slow/fast. chinese are a bit retarded really, they have not learned anything from previous bubbles
apart from the dead cat bounce. price doesn't just suddenly reverse....
Some cats really like to bounce
Chinese weak hands are shaken off, the rest will hold their position, move their bitcoins to bitstamp and open new bank accounts in Hong Kong.
lol. I wouldn't sell this time even if it went to $2000. Why? Because of the high volatility. Too many loose scenarios:
A few of them.
1. I sell at 2000, it rallies more up and I buy like a piglet only to crash down to 200.
2. I sell at 2000, it crashes to 200, and I buy like a piglet becase it's "cheap"
3. I sell at 2000 and swings like a hog adding uncertainty.
I hodl.
Chinese weak hands are shaken off, the rest will hold their position, move their bitcoins to bitstamp and open new bank accounts in Hong Kong.
1500$ before Q2 2014.
Definitively not to 800+ levels soon.
Chinese might sell their coins so it means cheap coins for others, it is great buy opportunity. Nothing else changed
Chinese might sell their coins so it means cheap coins for others, it is great buy opportunity. Nothing else changed
agreed, apart from the dead cat bounce. price doesn't just suddenly reverse....
But a dead cat can bounce quite a bit. It is not a bad opportunity to trade - the bounces are quick with huge gains - but you need to close the position quickly as well.
agreed, apart from the dead cat bounce. price doesn't just suddenly reverse....
Well in my opinion it won't go up but it won't go down much either. It went to 382 and came back to 500+ on bitstamp and once americans will wake up, they will start buying more and it will go back to 600$ range if no one dumps their coins. But it's just today's story, if chinese started selling again, it will go down back and situation might become worse on weekend. 
Bitcoin needs lots of rest now on hospital bed after it was raped by greedy "speculators" and "investors". The price has almost 0 chances to go up again so better prepare for some halving in price again.
Merry xmas.
Merry xmas.
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