Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
this always happens, poeple get crazy excited and buy buy buy
but its all good, they're really good news behind us, money will come flowing in like never b4.
we are looking to forum a cup and handle, while we wait for the money flow.
but its all good, they're really good news behind us, money will come flowing in like never b4.
we are looking to forum a cup and handle, while we wait for the money flow.
Probably a stupid question but i've heard the phrase 'cup and handle' here a few times before... What exactly am I looking for?
Just to be clear, this is not at all what is happening. We had a much milder bubble this time, moderated by understandable skepticism with the last one so fresh in our minds. It popped, driving Gox briefly below 600, and we're going to oscillate a bit more before stabilizing for the very short term somewhere in the 600-700 range. Then over the next 2-3 weeks we'll likely lose another $100 as the impatient pull their money, and then we wait for the next hype cycle.
It will be soon; the cycles are accelerating. I'd give it 3 months. The bubble will be even more controlled next time.