Quote from: buwaytress on November 27, 2018, 06:49:36 PM

Don't forget, this was also a day in last year's reality. Will probably be a reality for other days. All footnotes in the greater scheme of things, all individual cogs at every cent increment towards an eventual charge.

Quote from: rodalutor on November 27, 2018, 06:29:52 PM

Expect a move in the next day or two, either down to $3200-$3300 or bouncing back to $4000-$4200. Probably the former because there's still far too much optimism around, for that reason I'm not convinced we've reached a bottom.

I wasn't expecting yesterday's bounce either. The last time I was fortunate enough to be present prior to the ascent, no one dared to think Bitcoin might recover it's 2014 ATH except in the most hush of tones. So yeah, far too much optimism left. It's when the stragglers in positivism are out that a proper recovery and rise is on the cards.

I didn't think so either based on the sentiment in the market but others have made a good point about how oversold we are. Especially given how stable the price was for most of this year.

Quote from: The Pharmacist on November 27, 2018, 10:32:57 PM

Quote from: rodalutor on November 27, 2018, 06:29:52 PM

Expect a move in the next day or two, either down to $3200-$3300 or bouncing back to $4000-$4200. Probably the former because there's still far too much optimism around, for that reason I'm not convinced we've reached a bottom.

I'm not trying to poke fun at you, but making a prediction like that (basically "bitcoin will oscillate much like it's been doing for the past few days") is fairly useless. You're probably right, but all you're saying is that bitcoin could go up or down and that's DERP.

I should have been more specific in that in saying that I expected a movement to either of those levels and then stability for a few days, rather than it going to either and then returning or continuing through those levels.