By the end of July we shall see price above $10k.
Not going to happen.
Just as likely to see price at 2k.
Random move, 4k up or 4k down. No analysis.
That is not how it works. We use log scale not linear scale. A probability of the price being 5/3 as high as it is now is supposed to be as probable as a fall to 3/5 of what it is now. So a rise to ~10k should be equivalent to a fall to ~3600, not 2K.
Don't correct his stupid-ass math. Wait until the "bet is in" first.
Confirmed! ...Finally we hit the bottom!!
I'm still not convinced. Need a decent volume test of the resistance before I feel more comfortable.
Mt gox heard you and here is the response
Hodl boys, just hodl until the storm pass!
Sometimes evacuation is the better option rather than holding strong.
That is what "they" want you to think.
If you think about the situation, when we have already gone through a 70% correction, then it is likely going to take a a lot more effort to squeeze additional weak hands... So good luck with anyone selling their bitcoins at these prices expecting to buy back lower.. and thinking that is "the better" and "more reasonable" strategy.
You are going to especially need luck if you are playing around with BTC shorts, at these prices.
