And that there, is capitulation

[TrollinU]

That is what it looks like. What it feels like.
Thank you ladies and gentlemen, good night!

Oh and BUY

[ramkumar]

don't buy now.

it will crash more & hit bottom in much lower...

[kwukduck]

don't buy!
Bitstamp has to crash the market a bit harder and longer to buy all the coins back.
Give it two days before we hit double digits.
Then consider buying in the $60-80 range.

[TrollinU]

 

[stonerider]

Is this a "dead-cat-bounce???"

[Elwar]

[spazzdla]

Seems pretty accurate.  IMO it's going to touch sub $100 for a bit though.

[crazy_rabbit]

still not over.....

[TrollinU]

I didn't say this was a long hold. It was a nice 50% gain

[inca]

Pretty obvious from the responses who has bought and who may soon get FOMO (and buy).

Don't be hard on yourselves. It is really hard to buy when the price is crashing. I bought in the 190's with a bunch of coins sat on finex. Lost a few in a quick out at 187 then back in at 194 as the price went vertical.

[zeroday]

It may drop down to $140 but nobody knows it for sure. Shorting now is risky so it's better to have tight stoplosses.
Going long for really long-term would be wise now. Just don't spend more than you can afford to lose - be calm and ignore any "crashes" in near future.

[poncho32]

Pretty obvious from the responses who has bought and who may soon get FOMO (and buy).

Don't be hard on yourselves. It is really hard to buy when the price is crashing. I bought in the 190's with a bunch of coins sat on finex. Lost a few in a quick out at 187 then back in at 194 as the price went vertical.

+1

There were literally two minutes yesterday when the price crashed to the ground and shot up again. It was very difficult to guess how low it would go. Imagine having buy orders on at 150 and missing out by a few dollars.

[kwukduck]

We are far from capitulation. This is only the first fear trigger, there will be at least two more, and they will be bigger and harder than before.

[Edward50]

I don't know what to think at this point.

I think the coin fell quicker than I expected and that it may be a while before going lower.

You also have people sitting with a lot of money with the idea to rebuy in.

I think that adaption and interest is falling in bitcoin so the price should still go lower, but it will take a while for peoples expectations to change.

I would say a rally maybe up to $300's, then volume should start falling and the falls should begin again. The coin is still way overvalued at this point. 

[TrollinU]

I don't know what to think at this point.

I think the coin fell quicker than I expected and that it may be a while before going lower.

You also have people sitting with a lot of money with the idea to rebuy in.

I think that adaption and interest is falling in bitcoin so the price should still go lower, but it will take a while for peoples expectations to change.

I would say a rally maybe up to $300's, then volume should start falling and the falls should begin again. The coin is still way overvalued at this point. 

U long?

[bclcjunkie]

agree that bitcoin is still overvalued and my take is some of the hot money probably decided to exit for good, perhaps seek other ventures because finally reality sinked in. Like it or not but whale investors are getting even more anxious in view of a lot of shit going on around bitcoin lately... I mean delta financial exiting, Gavin bitching about forking, Russia going ahead with ban, SR trial fear mongering, US marshals about to dump 80000 coins soon, GOX liquidation of 200,000 coins that will take place as soon as it's been given go ahead and of course stolen coins floating somewhere...

I don't know what to think at this point.

I think the coin fell quicker than I expected and that it may be a while before going lower.

You also have people sitting with a lot of money with the idea to rebuy in.

I think that adaption and interest is falling in bitcoin so the price should still go lower, but it will take a while for peoples expectations to change.

I would say a rally maybe up to $300's, then volume should start falling and the falls should begin again. The coin is still way overvalued at this point. 

[juju]

We are far from capitulation. This is only the first fear trigger, there will be at least two more, and they will be bigger and harder than before.

I think I have too agree, I have a feeling this downtrend will last for two weeks, with points of stabilization, maybe next Friday we level out and begin rebounding a bit. I feel like we might see some prices around above/below 135 or even lower in the next two weeks.