Double digits won't happen, there are way to many people waiting to buy at such price level.
Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from ~$160 to over $300 in just a short time while it was nothing new and exciting.
I agree, the more it gets lower, the higher the resistance. The order book in exchangers will not reflect this but I'm sure, if it suddenly drops to $100, imagine the amount of funds serious buyers are willing to put in to grab the coins.
exactly, i doubt double digits will happen, im the first one whos waiting for something like that to happen and invest, and i think there are tons of ppl that think the same.
people are starting to think of their investment in terms of 5+years, and they're pretty sure they will make a profit.
short term trading spikes are usually irrational and form a true top or bottom.
bitfinex leveraged shorts are for sure greedy and it is not easy to wipe them out and convert to the long side.
there is no better cure for low prices than lower prices.
where are all those people proclaiming how they are going to buy shitload of coins $200? well maybe they did or were too late but it was not enough to support the price that managed to fall to ~$150.
there is a bitcoin hard fork ahead of us and its popularity is not very high.
in other thread people laughed me off as this little gavin project, a bitcoin hardfork, is certainly below the radar and has miniscule impact on prices but we are getting closer to that day with every week and i just can't see a true rally until this is resolved.
some people might put off buying millions just to be sure bitcoin is not fucked and everything went alright y know
i expect the price to oscillate around these levels but who knows what black swan might happen.
i converted 1/4 of my btc i bought @$160 to altcoins already.
the altcoin scene is in better shape than ever - if you are a contrarian
the church of satoshi members might start to see the value in other forks and not just in gavincoin
