RE:RE:RE:RE:RE:Now you can understand why people love Bitcoin.CryptoSIN wrote: I agree. Today was a bearish move, but it's been bearish since January 30th. Classic head fake. $1.60 had to hold or it is going to $1, and if that happens, there is no way back for a long time.
My reasoning is that $1.60 will hold and with ETH prices rising and upcoming news of another addition in March this may sneak up to $3 level.
Also, I think management has learned their lesson, that they have to be more transparent. When I say transparent I don't mean attending conferences and posting youtube videos, but actually informing the shareholders of their financial activites and attacting more analysts to cover the stock. Announcing release of financials a day before is a lousy move.
Anyway, this is just my opinion, could be right could be wrong. Either way, I am on the sideline untill I see a firm close above $2.50. If that takes too long, I will probably remove it from my watch list. There are thousands of companies available to trade.
Till later....
The lowest price you'll see is 1.70 and it happened today...meany people ar3 not stupid to sell their shares and take big losses given the fact that we are waiting for the sweden news by mid march. all trades below 1.80 are from short sellers and they play with fire...anyway i'm buyimg all cheap shares if we go below 1.75