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AlderaanDuran · 4024 days ago · link · · parent · post: U.S. Agencies to Say Bitcoins Offer Legitimate Benefits
I see a big sell off happening, followed by a massive re-buy around $1000-$1200. The big holders will off load, scare everyone else into withdrawing, then rebuy at a lower price. As I've stated before in talking BTC on Hubski, I think long term BTC is only going to climb, but it's going to be manipulated along the way. Especially since China is buying it up heavily now as well. The people holding BTCs as a currency are vastly outnumbered by the speculators with multi-million dollar bank rolls to play with. I love following the BTC market, it's super interesting.