Post
Topic
Board Speculation
Re: Oops Price is 425$ Now...
by
Koamder
on 05/06/2016, 16:35:22 UTC
I am stil thinking we will go under the 400 USD, therefore i placed my buy orders around the 380 USD.
Just 1 more little dump and i will be the proud owner of some new bitcoins.

nah man. i don't think the price will go under $400. we have seen the low that was just over $400, and we are now moving forward. it will require more than a little dump to get the price below $400, support at that level is very strong.
We went down to $415, and now we're back up to $421, according to preev. I find it highly unlikely that it will dip below $400, we're probably just seeing an increase selloff from retailers due to more Christmas shoppers using Bitcoin.
The price is rising slowly and that is quite good for the currency itself and also for the people who are already waiting for the price and that can be nice for the future later so you can spend more. The only thing is that you never will know when it will stop rising and that is the problem of the currency.

I have the same thoughts. The fast price rise like we saw in 2013 will just crash the market and cause medium bear market.

The bitcoin traders are more maturer now. The price rise in the last 12 months is more gradual, and with some corrections.