Post
Topic
Board Speculation
Re: It took only 11 days to go from 639 to 1148 last time
by
leowonderful
on 06/11/2016, 00:58:23 UTC
Back in the days it happen really fast but I agree about the fact it will not happen so fast anymore due to the fact that its more stable than ever.

Yeah, that is true. The general consensus is that we won't see any rapid retreats (to say $2xx levels) anytime soon.
We may not be minting profits like the good old days, but at least there is less fear of rapid drops.

I agree due to the fact that its more stable it has some down but also a lot of positive sides and it will rise soon or later but not with super big numbers anymore.
Its logical and I think that its not bad at all.
I'd actually prefer the more stable patterns that bitcoin has been following recently rather than quick ups and downs; those don't only screw with traders and investors, but buyers and sellers of products as well, who have to rapidly change prices to keep with bitcoins price. It also makes people less likely to invest in bitcoin. That said, I think we'll see 700 hold for at least the next week before we get more momentum upwards.