Are we to bearish?

[8up]

If the bitstamp theft wouldn't have happened. The probability is high, that DanV's chart from 5 month ago would have come to fruition.

Are we witnessing a second Silkroad flash crash event here? Are we just not able to see it?



This is what DanV thinks will happen now: https://www.tradingview.com/chart/BTCUSD/yEw5v8MS-BTCUSD-STILL-REMAINS-IN-OVERALL-BEARISH-CYCLE/

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[umairsaleem]

I don't Bitcoin will surprise me in next few years, so I'm bearish at least this year.

[Amph]

the 200 wall is consolidated, this mean that this floor is established, that charts also resemble a bit two chart of 2011 and 2012

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-06-04zeg2011-06-13ztgSzm1g10zm2g25

http://blogs-images.forbes.com/timothylee/files/2014/02/2012-01.png

my feel is that a price correction is coming along with a rise

mid term is better suited for us

[ashour]

I think that the bitcoin price will stabilize around $200 and from there rise or go sideways. Bitcoin should have never been $1000 worth, it should had rise steadily and healthy. I think once bitcoin gets more popular and the demands for coins rises the price will rise with it.

[jjacob]

The bulls are more likely to be prominent in this forum than the bears. 

[farting_shot]

Nothing is consolidated in bitcoinland. Everything is in constant flux. One thing is for sure, though, and it is the fact that bitcoin is a perpetually losing proposition.

[the_sunship]

no, we just suck at grammar.

[Chef Ramsay]

Dan's chart from a month ago is very bearish but the forecasts are clearly off by weeks or more if in fact they'll come to pass at all. I'm just not seeing this up and down culminating in a drop to hell sometime in late august. If it's supposed to be in the cards at all, it would happen much sooner than that. The one things that these charts can't predict is when demand comes back in spades based upon infrastructure improvements and other improvements in the market. Let's face it, we're on the cusp of regulation here in the US which is a first in this entire history of bitcoin. If this is what institutional money is waiting for primarily, then this could end the bear season permanently for now.

[randy8777]

while people think it will go lower than $200 they just don't think at why exactly we are at current price. if you take that in consideration then you will understand that buying now is the best option.