Post
Topic
Board Speculation
Re: Bitstamp $1000 is what counts
by
MatTheCat
on 27/11/2013, 22:55:00 UTC
You guys partied too soon. Only when Bitstamp hits $1000 is it time to celebrate.

The proof was again given today when gox went to $1070 and bitstamp said, nope, too many coins!, after which gox retraced back below $1000.

The bitcoin millionaires want some actual fiat for their coins, no gox promises!

There was a flash sell-off, followed by a small (in Bitcoin terms) drop in price, and now we are right back where we where on Bitstamp, consolidating/trending along at all time high levels.

Very very bullish.

I would certainly not be short Bitcoins over the next week or so, which is another way of saying I believe that 1000 USD will be surpassed very soon.