Quote from: BitAddict on November 04, 2014, 04:45:21 AM

Quote from: BitChick on November 04, 2014, 04:44:13 AM

Quote from: BitAddict on November 04, 2014, 04:37:54 AM

Quote from: BitChick on November 04, 2014, 04:27:12 AM

Quote from: BitAddict on November 04, 2014, 04:12:08 AM

Bitcoin can't even consolidate and is still fighting to not go below $266. I don't understand how some of you are claiming the next bubble is starting soon. Is not the most clear indicator of full denial?

So is depression and despair all it takes to get this bubble started.

OK then.
Bitcoin is dead! It is going nowhere! Cry

(we can go up now)

Words need to be followed by actions, or it doesn't mean anything.
And anyway, even if we reached bottom (which maybe not) bitcoin is not probably going to rally any time soon. First it needs boring months of consolidation, where people can start forgetting how painful is going down for months. So they can start slowly gaining confidence and buying again.

I thought we already have several boring months of consolidation? It has been a very long year.

Going down, down and more down doing lower lows and lower highs in a dead cat bounce is not a consolidation... is a downtrend.

$205 would shake out alot of the short sellers.