Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 21/02/2015, 04:21:08 UTC
CHinese futures markets getting frothy.
It's more like a gambling market. But we can't say futures is bad.

Same pattern as last weekend. SOmeone dropped a few megas on 796 out of the blue and we steamed from $220 -> $260.

There's a difference. Slower, more healthy pump this time. That's gonna draw in more new money and a higher top before correcting. Some people have been waiting a week for $230 coins and at some point they're going to give up and buy in at the next five dollar dip.