Until the exchanges are audited in an ongoing way to avoid them running fractional reserves by simply adding bitcoins to their own trading accounts I don't think there will be any sustained rise in bitcoin's price. It is just too easy to manipulate.
I believe in bitcoin, but don't see a rally until after one or more exchanges get blown up and the risk of this practice is eliminated.
Topic: Well that didn't last long... (Read 1756 times)
I think we just need awhile for people to be confident that prices aren't going much lower and time soon and we'll start to see a gradual recovery. In fact, you could argue that's already happening, it's just not very strong yet.
Price is going back up quickly, seems like bitcoin can sustain price growth and higher price levels. The uptrend seems to be in tact. Was it just another fake dump?
I don't expect to stay at higher levels for long. A majority of people are still believe that we are in a bear cycle, and so as long as they act on those beliefs we'll be in a bear cycle. It's a self fulling prophecy.
I actually think that bitcoin price is going up slowly in the longer period, more and more company is accepting bitcoin and slowly the media and people..
+1 we have started a bull market with a gradual increase in price.
Price is going back up quickly, seems like bitcoin can sustain price growth and higher price levels. The uptrend seems to be in tact. Was it just another fake dump?
I don't expect to stay at higher levels for long. A majority of people are still believe that we are in a bear cycle, and so as long as they act on those beliefs we'll be in a bear cycle. It's a self fulling prophecy.
I actually think that bitcoin price is going up slowly in the longer period, more and more company is accepting bitcoin and slowly the media and people..
Price is going back up quickly, seems like bitcoin can sustain price growth and higher price levels. The uptrend seems to be in tact. Was it just another fake dump?
I don't expect to stay at higher levels for long. A majority of people are still believe that we are in a bear cycle, and so as long as they act on those beliefs we'll be in a bear cycle. It's a self fulling prophecy.
Price is going back up quickly, seems like bitcoin can sustain price growth and higher price levels. The uptrend seems to be in tact. Was it just another fake dump?
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