YaKa
Short

Bitcoin - Dead unless trades above 310 again.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
574 9 5
Comments on chart.
Bitcoin traded yesterday on Bitfinex at $315 and at 309.9 on Bitstamp. Is this the start of a new downtrend wave or a reversal?
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YaKa ChartArt
No idea here.

What is clear is that it is rebounding better than a dead cat. This thing is more alive than I thought.

I am not trading it so my focus will shift away. Good luck.
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Thank you for your quick reply. Yes, Bitcoin was never dead. Here is my outlook for 2015-2016:

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near 300 will be my major sell, thanks for your charts
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Indeed, been having people arguing about this lately...what makes the price goes up if it can function as a currency at any price?
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YaKa IvanLabrie
Not sure that is the question.
If Bitcoin could have had a real existence, it had to be stable.
The ironic thing is people got interested in it because it started to go up vertical.
This is also why it may disappear from the map.
I think it's been wrong to use the price as an argument of validity... the price should be the last argument.
I am still skeptical. For the moment, the price is just correcting heavy... Let's see how far it goes.

14: would not surprise me.

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The blockchain tech can be used for other things, who needs Bitcoin after that is open sourced?
(hint: it's open source, and it's the only real Bitcoin breakthrough...)
My target is at least 86 before any kind of substantial reversal.
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Maddie IvanLabrie
How many peeps or money get involved ofcorse + the deflation
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Maddie IvanLabrie
How many peeps or money get involved ofcorse + the deflation
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