This is quite scary. Let's analyze the facts:
- the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
- there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)
I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline.
IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC.
I see what you did there - sold 700 coins at 147, and getting itchy about the buyback point not coming yet.
To bail out or not to bail out; that is the question.
Hint: do not bail out, it will crash to the prev. resistance, now support at $130-$135, I am 75% we get there in 24 hours. Relax and let the swing play out.
Let's hope you are correct. Nevertheless, I wouldn't mind a correction to $60ish. My gut feeling is that is a good point for a reasonable and sustainable long term growth, while waiting for: improvements in
BTC economy and infrastructures -> positive media attention -> another parabolic growth to ATH
I just don't like this rally after the pop, it
feels to me like a trap, and this is confirmed by some indicators while contradicted by others. IMHO in the long term
BTC will go up, as there is many people doing great things for
BTC and preparing great products and services, but in the very short term I'm puzzled by this rally.
I've read that some the TA folks are calling this a "suckers rally". Hope is not, but I'm much more confident in
BTC for the long term than for the short term
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