Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
inca
on 14/01/2015, 11:35:18 UTC
I think there is no rally at all, just an another dead cat bounce.

You know Isaac Newton went Flat Broke Chasing a stock bubble.

Bitcoin is not a stock.
It's was a bubble though  Roll Eyes

Sure. But here we are still at 200$. I'll take that.

I think the reason the pattern has altered this time is the addition of leveraged buying and selling, which I feel has magnified the moves and allowed a greater degree of 'manipulation' of the price than simple buying and selling previously. Previously the only option to make money was to accumulate on weakness and sell into strength.