Massive rebound incoming

[Miz4r]

I predict a massive rebound up into the triple digits next week. Right now there's lots of fear in the market and people are sending their coins en masse into MtGox to sell. Fiat however doesn't move as fast, it takes a few days to arrive and up until last Thursday USD withdrawals were impossible which doesn't help either. I mean who wants to send in their fiat when you know your USD will be stuck in there? So let's sit back and watch how after the weekend lots of fiat starts pooring in to scoop up some cheap coins which will lead to a massive wave of panic buying. You've heard it here first, don't be left behind when it begins.

[Bitcoin BEAR]

Watching for the letdown 

[mufa23]

Figured the same thing last week.

The BTC/LTC trade on BTC-e has been awesome. I'm mining Litecoins like crazy, and buying up cheap Bitcoins. Whether it's next week, or Autumn, the price will eventually go back up.

[Arcas]

My prediction is that it will stabilize around 68-69 tonight, fluctuate ±$3 Saturday and Sunday, and drop by Monday down to low 60's.

[worldinacoin]

It better break, now is less than $70 getting worrying

[superduh]

http://www.google.com/trends/explore?q=xrp%2C+btc#q=bitcoin&date=1%2F2013%2012m&cmpt=q

google trends goin up

[BitcoinAshley]

It would be funny if all the bears ended up being wrong and there actually is a massive rally sometime this month.

Well, that's what cold wallets exist for. In case I'm wrong, I'll still be rich. Just a little less rich than if I was right. 

[mufa23]

http://www.google.com/trends/explore?q=xrp%2C+btc#q=bitcoin&date=1%2F2013%2012m&cmpt=q

google trends goin up

Ah, thanks for that. Forgot about Google trends.

Speaking of which, I've chatted with my supervisor before about Bitcoin and mining. Today he told me NPR did a segment on Bitcoin. Very rarely do I have people coming up to me saying their heard about bitcoin on the radio/tv. Popularity going up is usually a good sign of the value going up.

Well, that's what cold wallets exist for. In case I'm wrong, I'll still be rich. Just a little less rich than if I was right. 

Exactly my thoughts. It'll be worth something someday. I'm not in a rush or need money at the moment. I can wait.

[chriswilmer]

I predict a massive rebound up into the triple digits next week. Right now there's lots of fear in the market and people are sending their coins en masse into MtGox to sell. Fiat however doesn't move as fast, it takes a few days to arrive and up until last Thursday USD withdrawals were impossible which doesn't help either. I mean who wants to send in their fiat when you know your USD will be stuck in there? So let's sit back and watch how after the weekend lots of fiat starts pooring in to scoop up some cheap coins which will lead to a massive wave of panic buying. You've heard it here first, don't be left behind when it begins.

+1

[Kazu]

I think it needs to go down to about the same price after the big gox fail & flash crash ($57ish). There will likely be some support there, forming a double bottom, giving the market the little bit of a confidence boost it desperately needs to actually start a rally again.

[tokeweed]

I predict a massive rebound up into the triple digits next week. Right now there's lots of fear in the market and people are sending their coins en masse into MtGox to sell. Fiat however doesn't move as fast, it takes a few days to arrive and up until last Thursday USD withdrawals were impossible which doesn't help either. I mean who wants to send in their fiat when you know your USD will be stuck in there? So let's sit back and watch how after the weekend lots of fiat starts pooring in to scoop up some cheap coins which will lead to a massive wave of panic buying. You've heard it here first, don't be left behind when it begins.

ok. sell your mom and buy bitcoins with the proceeds. you might make enough to buy two moms.

[dopamine]

looking at the weekly I don't see a rebound happening any time soon... Show some charts instead of FUD

[Kazu]

I predict a massive rebound up into the triple digits next week. Right now there's lots of fear in the market and people are sending their coins en masse into MtGox to sell. Fiat however doesn't move as fast, it takes a few days to arrive and up until last Thursday USD withdrawals were impossible which doesn't help either. I mean who wants to send in their fiat when you know your USD will be stuck in there? So let's sit back and watch how after the weekend lots of fiat starts pooring in to scoop up some cheap coins which will lead to a massive wave of panic buying. You've heard it here first, don't be left behind when it begins.

ok. sell your mom and buy bitcoins with the proceeds. you might make enough to buy two moms.

Well this ones creative.

[byronbb]

Bulls who have been around a while have always been rewarded with patience.

[Wagner2014]

The trend is your friend, and the trend is down my friend. We are more likely to go down than up - the trend says.

[Wagner2014]

The presence of 'bulls' when we have lost 40% in the last 10 days indicates we will go lower. Wait for capitulation and then a change of trend.

[goxed]

Figured the same thing last week.

The BTC/LTC trade on BTC-e has been awesome. I'm mining Litecoins like crazy, and buying up cheap Bitcoins. Whether it's next week, or Autumn, the price will eventually go back up.

I like this idea.

[Wekkel]

The presence of 'bulls' when we have lost 40% in the last 10 days indicates we will go lower. Wait for capitulation and then a change of trend.

It never goes in a straight line. We are very oversold now so a rebound is not out of the ordinary. General trend seems to be down though.

[Wagner2014]

The presence of 'bulls' when we have lost 40% in the last 10 days indicates we will go lower. Wait for capitulation and then a change of trend.

It never goes in a straight line. We are very oversold now so a rebound is not out of the ordinary. General trend seems to be down though.

"It never goes in a straight line" - agreed. Lower highs and lower lows on the way down. The opposite on the way up.

[Jaroslaw]

no rebound till i finish my dumps