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Title: Where is BTC Price Trending? Post by: StewartJ on January 02, 2012, 08:41:02 PM If you look at last month, we were trading at $3-$3.25 for 2 weeks and then at $4-$4.25 for 10 days.
Over the New Year, we got another $1 spike upward. If the trend repeats itself, Bitcoin would trade in the $5.xx range for at least a week, and then shoot up again. What do you think? Title: Re: Where is BTC Price Trending? Post by: mjcmurfy on January 02, 2012, 08:44:49 PM Down. https://bitcointalk.org/index.php?topic=56110.msg671310#msg671310
Title: Re: Where is BTC Price Trending? Post by: old_engineer on January 02, 2012, 09:05:16 PM Unfortunately, I think it's headed up. Everyone loves a winner, and this is why speculative bubbles form: a rising value attracts more buyers, reinforcing the cycle.
I say "unfortunately" because I think that it'll be headed back down in a few weeks. Does that make me a bull-bear hybrid? Title: Re: Where is BTC Price Trending? Post by: niko on January 02, 2012, 09:28:36 PM Not sure where the exchange rate is going, but I am sure that if it keeps shooting up the world of Bitcoin will once again turn very ugly. I really enjoyed the past few months without assholes, mind-numbing scams, theft, vanity, and other such qualities that short-term profiteering brings about in people.
Title: Re: Where is BTC Price Trending? Post by: FlipPro on January 02, 2012, 09:34:08 PM Not sure where the exchange rate is going, but I am sure that if it keeps shooting up the world of Bitcoin will once again turn very ugly. I really enjoyed the past few months without assholes, mind-numbing scams, theft, vanity, and other such qualities that short-term profiteering brings about in people. I think we're all much better prepared for it now :).Title: Re: Where is BTC Price Trending? Post by: notme on January 02, 2012, 10:33:15 PM I don't care as long as people disagree... Buy low sell high, but don't get greedy or you'll lose.
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