Bitcoin Forum

Bitcoin will stay around 100$ and every time it reaches 120-140$ someone with a lot of bitcoins will take the cream.... I don't think it will ever drop below 60$ at least not for long

The longer it stays around $100 the better IMO. I think a lot of people who got spooked by the drop will be trying to buy if the price looks stable.

Alternatively, they might think the "get rich quick" opportunity has passed and not bother investing at all.

One question is out of all those new accounts appearing on Gox which were/are planning on going long and which were/are looking for a quick buck?

Another is out of all the EAs with a decent amount of coins, how many believe that they could sell now and buy back in sub 40 or less?

Personally I think the longer the price hovers at $100, the greater chance of a long slide down until the Bitcoin economy has something cheer about other than speculation. Looking at the 3 day chart on Bitcoinity it might already have begun...

Interesting thoughts zoolander. One thing I've learned from trading stocks is there is a bull and bear case for everything, and if you don't see both you aren't looking hard enough.

It most certainly is finely balanced at the moment and I wouldn't have been surprised by a steady rise in price today.

However if the sentiment in this forum is of any relevance I have found most of the bearish view to be more reasoned, more consistent, more analytical and more likely based on history than the bulls even if they seem to be equal in number. Hence I'm leaning that way as well.