Originally Posted by Willanhanyard
Wish my Bitstamp account could be verified already, I would have been all over 103 for a nice 50% profit in a few hours.
I guess it will be a slow downhill to 100 again then we will repeat. What chu thing?
I'm thinking it might not be quite so slow in that downhill rush to 100... and we might go below it this time. Seems like there is growing bearish sentiment - although part of that could simply be the increase in BTC value currently, but it's looking like there might be some growth on the sell side and we could see 100 (or close to it) by the weekend actually. Of course, buy-whales might just be sleeping at the moment, but based on that volume and direction I'm thinking it will drop by no less than 20-30 before doing anything positive.
I actually sold off all of my recent DOGE I bought and half my 'reserves' just to take profits. I'll hold ~500K forever and if it gets back down to 100 or so I'll pick up a couple million for speculation again. The last 24 hours were pretty nice, but I still wish I'd just bought another BTC or two of BC back when it was down to 400. I really think the deflation in the PoS coins like BC and MINT (possibly even ZEIT to a much lesser extent) make them much more likely to deliver longer-term incremental gains.
However, like everything else in crypto-land... things could change at a moment's notice - and for almost any reason, real or imaginary.
It's also good to note that although there is currently decent volume on both sides - there's definitely more volume on the buy side so I think it might level off in the 120's to 130's for awhile before a real move happens again. Who knows for sure. Edited by DiGiCiDAL - 3/13/14 at 6:32am