Post
Topic
Board Speculation
Re: Are we about to witness something epic?
by
vulgata
on 09/08/2011, 18:12:27 UTC
EVEN I THOUGHT BITCOIN WAS DEAD!!



bitcoin works on faith and I think a little faith is being restored. That guy who made the $120,000 investment made a great investment.

I would feel a little safer if it was a gradual increase after we were all sure the decline was over, it still feels we could slip back down any minute Undecided

the investor will likely just sell back out if he see's he hasn't kicked off a rally, The fear of going through 10 then free falling to 5's again will be on his mind. its on ficken mine  Grin

Agreed, it's still far from the $15 range we were seeing just a week or two ago.

I'd love for it to shoot up again, but you guys are insane, it goes down 6-8 bucks over a week then comes back 5 and you think it's rallying.

it's unhealthy thinking



+1

I think it's just as likely to drop back down again, especially since this jump wasn't accompanied by any good news, promotion, or anything new at all.  Hash rates continue to fall and all the press has been super negative.  MyBitcoin and the Bitcoin Police have only brought up more sketchiness and mistrust.  I'm still sticking by my prediction that it will bottom out around $5-6 within the next month or so.  Unfortunately, I can also think of scenarios where it crashes below $1 too... but I'll stay optimistic for now.