So what do you guys think about the fact that the wall at 575 disappeared?
I think Bitcoin is not a company share and therefor the old terms like bubble, wall etc do not work anymore. A Bitcoin is better money than any money before. And on top it is on some level a share of everything that makes out our prosperity.
From that perspective it has the potential to go down to zero or raise up to replace (disrupt) any financial measurement (money) that existed before. To say that there is a upper or lower 'wall' of exchange rate does not reflect the nature of Bitcoin and is not applicable.
I need to buy me a car and a new PC
price better fucking go up soon
Same here
Instead of betting on ponzi scheme development of Bitcoin you should start some business accepting Bitcoin.
we are not on the verge of any bubble...
at best we'll be able to hold 400, then have a decent rally.
I disagree and I will tell you why:
Bubbles of days gone by were formed when lots of new blood came in to buy coins. New blood typically gets attracted when the price starts going up. It is a positive feedback loop.
As for the situation right now I am very confident that we have the most "organic" Bitcoin use right now than ever before.
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It doesn't matter if the price crashes to $300 or below, the bubble is coming and nothing will stop it. In fact lower prices may just bring more people into the game because they want to buy in low... which will add more fire to the explosion.
good analysis. but remember that all people coming in now and surge the transaction rate are also out with the same speed.
Did anybody take notice of the sell orders over more than 1 mio BTC on BTCChina that stopped the last week price surge:
