Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gandhibt
on 12/12/2013, 10:22:25 UTC
We are in a full bear market now and wishful thinking won't change a thing. Expect the price to go down for a long while (except the bounces here and there).

The best you can hope for is a sideways to downward movement lasting 2-6 weeks, but never going below $600. Thats best case scenario for you.

Money is flowing into the exchanges and massive amounts are accumulating on the sidelines.  When the market starts to go up again (after its found the new bottom its searching for now) that money is going to be forced back into the market and ATHs will be days away at that point.

I'm not eager to buy back, as it will take a really long time (several weeks to several months) to find a low. And yes I think it is going below $600. Anyway we will find out soon enough.

Yeah, my guess is if that does happen, it'll be between now and the New Year.  I don't think it will break that low, though.  We'll see.

If you want to take high risks and hold fiat then i suggest kindly that you set yourself a strict stop-loss and obey it when the time comes, even thou it's hard, it has to be done.