Post
Topic
Board Speculation
Re: Is bitcoin more likely to rise about $1,000 or go and stay below $500?
by
kireinaha
on 12/02/2014, 23:12:42 UTC
If this week wasn't enough to knock the price down under $500 (excluding that one short-lived blip at BTC-E), it seems bullish to me.

Going over $1000 to stay is a forgone conclusion. The only question is when.

Going under $500 is a possibility. The question is how long it will stay there.



I still think we need more time to allow the market to soak in all the bad news. People are holding and waiting anxiously for positive developments, but have their fingers on the sell button, ready to click. If we don't hear any positive developments about the tx bug and customer withdrawals soon, I have a feeling that the market will get much worse as frusteration mounts.