Quote from: pickard on December 18, 2013, 11:39:10 PM

Quote from: gandhibt on December 18, 2013, 11:25:09 PM

Quote from: pickard on December 18, 2013, 11:00:47 PM

Quote from: magicmexican on December 18, 2013, 10:56:48 PM

Quote from: pickard on December 18, 2013, 10:55:23 PM

Quote from: gandhibt on December 18, 2013, 10:52:05 PM

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

come back down to earth. It won't be back above 650 for a long time, like 2014. maybe Wink

statements like these are always bound to fail when it comes to btc price

Maybe. but the price before btc fever in china was about $180. It's now a month later and we hit over $1200, now it's $550 and it was dropping before this news. The latest news today is just the short term nail in the coffin!

I have no doubt BTC will be back to $1200 and beyond, but to say this is happening anytime soon is just wishful thinking.

you're saying that bitcoin will not be above 650 in 2014?

btw. i did not mention 1200.

I fail to see how... we have 12 days to new year. 7 billion dollars (50%) wiped from the market cap in 12 days. and it was still dropping before the latest news. The people in China investing are not kids with PC's and a few $$ they were real investors that could not give a shit about btc they just wanted to make money.

I think it's doubtful we will see $650 anytime soon. It's Christmas too, so some people will cash out a little for the festive season and new year.

But if you think otherwise... tell me where you think the new investment will come from.

from teh moon people!!!