Post
Topic
Board Speculation
Re: Bitcoin is stabilizing?
by
minerpumpkin
on 12/09/2014, 17:11:01 UTC
With the receny Paypal news the price should rise in few days but I don't know if there will be a new bubble soon.

paypal announced they will support bitcoins, so WHY is BTC still going down??

big news like that used to raise price, why it hasnt happened now?

I think we need to find the long-term support now. We might be still above that, so good news are only making the bad situation better, but aren't taking us to new heights. We need some time of recovery before we can start a healthy increase again. This may take some time, I believe it may be 6-12 months even. We'll see. Then again, Bitcoin tends to surprise us Smiley