Topic: Massive rebound incoming - page 4. (Read 5414 times)
My prediction is that it will stabilize around 68-69 tonight, fluctuate ±$3 Saturday and Sunday, and drop by Monday down to low 60's.
Figured the same thing last week.
The BTC/LTC trade on BTC-e has been awesome. I'm mining Litecoins like crazy, and buying up cheap Bitcoins. Whether it's next week, or Autumn, the price will eventually go back up.
The BTC/LTC trade on BTC-e has been awesome. I'm mining Litecoins like crazy, and buying up cheap Bitcoins. Whether it's next week, or Autumn, the price will eventually go back up.
Watching for the letdown 
I predict a massive rebound up into the triple digits next week. Right now there's lots of fear in the market and people are sending their coins en masse into MtGox to sell. Fiat however doesn't move as fast, it takes a few days to arrive and up until last Thursday USD withdrawals were impossible which doesn't help either. I mean who wants to send in their fiat when you know your USD will be stuck in there? So let's sit back and watch how after the weekend lots of fiat starts pooring in to scoop up some cheap coins which will lead to a massive wave of panic buying. You've heard it here first, don't be left behind when it begins.
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