Bitcoin stable.. will it go up or down?

[Roccker]

Stable for 6hours... will it finally go up or down?



I hope for up. Omg, as i post it goes to 878 (on bitstamp, from steady ~865).


edit: 10sec of seeing it going up to 885 already makes me believe in the up.

[i am a noob]

Gonna go to bed now (and stare at prize from my mobile)

[shadowninjax]

most likely up with all the variables leaning towards positive side.

[Jrock]

Up then down. Or maybe I have that backwards.

[Jrock]

Up then down. Or maybe I have that backwards.

I was right up to 990 something then back to 960 something.

Guess I'm amazing.

[babeq]

I predict it will be up while any bank make a statement to ban it or sth like that, and then will be down

[EvilPanda]

I predict it will be up while any bank make a statement to ban it or sth like that, and then will be down

Banks don't use btc as far as I know, so who cares what they say about it.

Btc won't go up much until people gain confidence again and push it above $1000. If it manages to stay at that price for a few days it will go up for sure. Until then it can go either way 

[ajax3592]

Any bad news may crash the market, since it's post crash days we are in. And there are weak hand, even so fiat is not coming in much because people are afraid right now due to the volatility.

[Dexter770221]

Christmas are coming. People needs money for gifts, so they are selling. No strong trend towards up till January...

[watts]

Christmas are coming. People needs money for gifts, so they are selling. No strong trend towards up till January...

Good point. People may also be focusing on other things, which will result in lower volume. I expect to see Bitcoin slide down to the $700's by the time the holidays are over.

[MatTheCat]

Up then down. Or maybe I have that backwards.

I was right up to 990 something then back to 960 something.

Guess I'm amazing.

erm....that isn't up nor down.

That is just the same.

and by the way, its going to go down.....properly down.

[Bitbuy]

Betting on going sideways for the next week, with a tendency towards slightly lower. (800 - 850 USD range)

[Xer0]

y no sideways?

[wobber]

Christmas are coming. People needs money for gifts, so they are selling. No strong trend towards up till January...

Good point. People may also be focusing on other things, which will result in lower volume. I expect to see Bitcoin slide down to the $700's by the time the holidays are over.

If one is stupid enough to sell for cash, at least sell for something that is very important (food, shelter, health). And I understand Christmas, good family time etc, but at least don't screw it with cheap Chinese products or expensive American iphones.

[GigaCoin]

Seems like some selling going on in the past hour, maybe xmas time cashing out ? It might go down bit this weekend

[MatTheCat]

Seems like to be like some selling going on in the past hour, maybe xmas time cashing out ? It might go down bit this weekend

Just wait until the weekend proper hits.

If their are entities out their that want to smack this sucker down, the combination of ultra low volume, bearish chart formations, and the weekend block on new funds hitting the exchanges is the perfect time to do it.

However, because this is so obvious and would be a near carbon copy of last weekend, there is probably too many folks anticipating it for it to actually happen; such as myself who has liquidated 27/30 BTC, in order to lock in profit and set up buy-in tranches at much lower prices.....

.....with my highest buy in price being around $540, I might be lucky to get any coins this weekend (although once I get a better idea of which way the wind is blowing I can obviously rearrange my buy-in plans), but for me, all the signs are pointing to lower lows than we have already had in this period of BTC correction.

[BitchicksHusband]

If one is stupid enough to sell for cash, at least sell for something that is very important (food, shelter, health). And I understand Christmas, good family time etc, but at least don't screw it with cheap Chinese products or expensive American iphones.

Don't you mean expensive Chinese iPhones, Mr. Grinch?

[yomofo]

well bitcoin in china just had it's value reduced to purely speculation and novelty.  they're not allowed to spend it on goods/services.  so in the medium term id say we're going down when the chinese start selling.

[JimboToronto]

well bitcoin in china just had it's value reduced to purely speculation and novelty.  they're not allowed to spend it on goods/services. 

  Link?

[mistress_magpie]

well bitcoin in china just had it's value reduced to purely speculation and novelty.  they're not allowed to spend it on goods/services.  so in the medium term id say we're going down when the chinese start selling.

This is extremely depressing, if so.

I think btc will go up, but stability could encourage far, far more adoption.

[exstasie]

What time frame are you looking at?
I don't think there are many people who aren't assuming that the price will keep going up from here on out.