[2014-07-20] Bitcoin Price – Will Lightning Strike the Same Place Twice?

[epere]

http://www.cryptocoinsnews.com/news/bitcoin-price-will-lightning-strike-place-twice/2014/07/17

Bitcoin price has broken the longterm rising trendline that has supported price on several occasions in the past few years. However, this trendline had been breached on previous occasions – each time prior to a strong rally.

[ThomasCrowne]

Lord I sure hope so.  I'm picking up as many bit-pennies as I can afford to in anticipation of a pretty quick rise.  I shudder to think where it could go from here before the next 'bubble' pops?

[LiteCoinGuy]

hmmmmmm, no.

[Minecache]

I hope not as I'm still trying to accrue some. Soaring prices won't do us or bit coin any favours in the first place. We need slow gradual consistent rises not soaring speculative bubbles.

[Kprawn]

If you look at the price increase over a longer period, we have seen a steady increase over the years. {The price has been breaching a bit of a slump in the upward curve} but it's still rising.

Thing is, when it hits the high notes, lots of people starts to sell into fiat. {This kind of push the price down again}

We should wait it out and give it wings to fly. 

[Enfield]

I think people should concentrate less on price and more on adoption. The price will rise eventually so just have some patience and keep spreading the word.