Prepare for the new influx of buyers

[Marbit]

i dunno about this. this rally wasnt about news. price follows price, and if a downtrend is established.....

[Patel]

Told you it was a big bear trap  

[totemITnow]

I think there will be no new people get into bitcoin until the price starts to relax... And for many starters this high price will be daunting. They think at the worth of the corporate shares which really rarely go beyond 500$.

We need the price for mBTC!

Thats why new people need weeks to gather all the info about Bitcoin because 500$ per share really look high.

[MicroGuy]

Today and yesterday was the first time in history that there was about 2 hours of airtime regarding bitcoin for 2 straight days.

Many people learned about Bitcoin for the first time.

So look at it like this.

2 Days for verification
3 days for wire

You can bet that next week the price is going to skyrocket based on all of the attention that Bitcoin received yesterday and today

Consider this correction huge bear trap

Not just Bitcoin....it's happening to the altcoins: http://coinmarketcap.com/

[rampantparanoia]

Credits to OP

Though I feel a sharp downtrend in the coming days (after the first wave of new buyers purchased), this has been spot on. We've almost recovered from that 20k dump the other day.

[niothor]

Today and yesterday was the first time in history that there was about 2 hours of airtime regarding bitcoin for 2 straight days.

Many people learned about Bitcoin for the first time.

So look at it like this.

2 Days for verification
3 days for wire

You can bet that next week the price is going to skyrocket based on all of the attention that Bitcoin received yesterday and today

Consider this correction huge bear trap

Not just Bitcoin....it's happening to the altcoins: http://coinmarketcap.com/

Altcoins follow bitcoin in almost every aspect , well , some do fail unlike bitcoin.

[MatTheCat]

Told you it was a big bear trap  

You can't say that until the price breeches the $900 mark, in which case all technical analysis would point to much higher prices ahead.

However, Bitcoin is still a small market and we all know that there are numerous Bitcoin whales already looking at 10000% (or more) profit. Not bad by anyone's reckoning. Should any of these guys think it is time to cash in or indeed conspire to drive market lower for whatever reasons they may have, then this sucker could go right down.

More often than not, 'predictions' and statements such as the one above, is a mere projection of the posters will.

[MatTheCat]

Doppelpost.