Ninjastic
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Board Bitcoin Discussion
Re: Is it really that bad with Bitcoin as Mike Hearn writes now?
by
Yakamoto
on 16/01/2016, 03:29:53 UTC
Quote from: Bobsurplus on January 16, 2016, 01:38:32 AM
Quote from: Yakamoto on January 16, 2016, 12:32:24 AM
Quote from: Royal Truckers on January 16, 2016, 12:28:20 AM
Quote from: Yakamoto on January 16, 2016, 12:22:00 AM
... we just have to keep holding and not lose resilience.

Lost 25% of my resilience in the past 48 hrs. Just hold me FFS.
Give yourself a hug.

As I write this I am watching a rebound in the Bitcoin price, which I hope will continue (And looks like it is happening), and there is apparently a buy wall at $365 right now. We just have tyo wait for everyone who wants to leave to leave, and then keep going with our crytocurrency business.

Keep calm and carry on.

Do not forget we bottomed out at $230 not long ago, and we increased over $200 after that. This is just a temporary selloff (Which also apparently happens once each year in January), so there will be a rebound quite soon, according to the charts.

Nahh dude.. sub 300 incoming. Sure you may get a small bounce first but over the coming days the sell pressure will continue and bring us further south.
It's entirely possible, but right now I'm looking to remain optimistic. We'll see what happens over the next few days, and if it gets bad, then I'll change my opinion. But right now there isn't a lot of reason to be worried, and we just have to watch with what happens as China and Europe wake up and start doing stuff.