Bears? Where are you? Bulls?

[UltimateReaper]

So today the price rose all the way up to 116 and the day is young.

What happened? Is this another crash in the making?

Will we reach a new low?

Did all the bears go back into hibernation?

Will the bulls have the last laugh?

And most importantly,

What is the deal with airline food?

[seleme]

You can buy that and next week lotto numbers if you send 13 btc to address in my sig.

[underground_]

There's still a lot of hope around here. I think we could go up to mid $120s before reality sets in. Then, expect huge downward pressure.

[Frozenlock]

Hope? We all know this is going down mid-term. I wouldn't call this hope.

[Gabi]

"hope" in the bitcoin world is that it drop so we can buy bitcoins for cheap for the last time!

Or do someone really believe that bitcoin is dying?

[underground_]

Or do someone really believe that bitcoin is dying?

Not yet. They will soon, though. Just wait, once we break $50, the mood is going to turn dark around here. It'll be an amazing buying opportunity, but most will be too scared to buy any at that time.

[Frozenlock]

Why would it? We've seen Bitcoin rises from its ashes like a phoenix after 2011. 

[ElectricMucus]

I don't really know what to expect.

There are 2 bearish and 1 bullish scenario I can tell you about.

The bearish ones either result in a ~90% price depredation from the top like it was in 2011 or a 99%+ one over about 2-3 years. The latter one is the only really bearish one which would imply however that bitcoin is going to be replaced by something else.
The bullish scenario shall work out like last year after the pirate crunch, a few months of stability in the current region before a gradual take off. That would imply however that the "captains of the industry" get their shit together.

If the status quo doesn't change I think we are in for scenario modeled after 2011.

[mgio]

Nah, you are wrong, bitcoin is going to hit $150 in the next week or two. There will still be dips, but it is on its way up.

[bitcon]

i looked into my crystal ball and i saw nothing but green candlesticks exploding out from the top of my computer monitor. 

[evolve]

Nah, you are wrong, bitcoin is going to hit $150 in the next week or two. There will still be dips, but it is on its way up.

I highly doubt it. I'd be surprised if we bust through the old major support at $120 before continuing the drop.

[Frozenlock]

Doubt it. I'd be surprised if we bust through the old major support at $120 before continuing the drop.

Damnit, what's wrong with me. I'm agreeing with the bearest bear.

[master-P]

It can go either way and has recently. I won't be surprised if it hits $50 or if it hits $150 or even $175.

[EuroTrash]

Hope? We all know this is going down mid-term. I wouldn't call this hope.

The problem is that we all expect it to happen.
At any moment the market moves in the opposite direction of where the majority thinks it's going to move.

[nobbynobbynoob]

Will the bulls have the last laugh?

In Bitcoinia, they always have had. So far!

And most importantly,

What is the deal with airline food?

LOL

[ElectricMucus]

Bitcoinia

I see what you did there.

[kooke]

A bear is a predator that can hunt a bull and eat it for dinner... So of course the bear is going to win.

My money is on the bear. Go Bears Go!

[Frozenlock]

I remember seeing a sumo match where one of the contestant was slim.
"What the... ahahah! He's going to be crushed!"

Well he ran around the big fella and simply pushed him forward,
faster than the big fella could react. That was a quick match indeed.

[bitcon]

A bear is a predator that can hunt a bull and eat it for dinner... So of course the bear is going to win.

My money is on the bear. Go Bears Go!

did he gain all that weight by eating lemmings?

[kooke]

did he gain all that weight by eating lemmings?

He likes to eat meat. Bull meat.