bitcoin is going to bounce up this week

[torba]

It's low right now, and if we look at what happened a few weeks ago when it touched $55 from being stable around $100-$130 that should indicate what's happening now.

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[bitcon]

shhh.... don't say anything, people might start panic buying....

[UltimateReaper]

I think it's going to bounce back too. I mean, at least for a bit.

Seems like every time we experience these major dips everyone yells "abandon ship!" "we're all going to die!" "see you at -39747587399284959"

Frankly I don't see us going back to below 90-100 without a major technical problem.

[torba]

I think it's going to bounce back too. I mean, at least for a bit.

Seems like every time we experience these major dips everyone yells "abandon ship!" "we're all going to die!" "see you at -39747587399284959"

Frankly I don't see us going back to below 90-100 without a major technical problem.

Yea, all of sudden everyone's a bear.

[arepo]

Yea, all of sudden everyone's a bear.

market sentiment lags price perfectly.

[BitPirate]

Agree, quite an irrational sell-off. Again.

[RationalSpeculator]

market sentiment lags price perfectly.

true, I'm susceptible to it too

[smurf2094]

I feel like it'll go down, but I still feel like it'll go sky rocket up.

Reason for down, at a 3 day chart it just keeps going lower...

Reason for up, how could it go any further down if it's getting more and more attention and with Silk Road back up.

[bitarrow]

will bounce next week, not this week

[endriuska]

Yea, i agree, it's going back up, the steep drops only happen when someone dumps 5K+ coins, and those coins are devided by many buyers, and once it's down everyone is taking advantage and buying, eventually it will stabilize once players with 10k+ are gone

[BitPirate]

I feel like it'll go down, but I still feel like it'll go sky rocket up.

Reason for down, at a 3 day chart it just keeps going lower...

Reason for up, how could it go any further down if it's getting more and more attention and with Silk Road back up.

"Reason for up" --> you gave a reason.

"Reason for down" --> charts therefore down (i.e.: you didn't give a reason).