Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For those of us that have been through a couple Bitcoin bubbles, we know how crazy fast the price can rise when it finally decides to do so. I believe it is more painful to miss out on that than just riding out these crashes, or equally so.
But price is not some magical thing that does whatever it wants.Past bubble happened because people wired millions and millions on exchanges and you were clearly able to see it, among other things.
If price is about to go in a bubble you will be able to tell.
This time around it looks like nobody gives a flying fuck tho. At least for now.
$14-15M in bids currently on bistamp, bitfinex, btc-e, okcoin, huobi, btcchina, okcoin and coinbase ($75M from NSYE!!!11!) combined, and still relentlessly going down.
3600 coins mined a day (almost $1M a day at current prices) and still 2 years of that shit.
Marketcap at $3.5-4 billion.
Why are you posting pictures of exchanges who have 1) no users after a hack (of course people aren't wiring money there) and 2) a small no fee Chinese exchange with fake volume (virtually no real volume when the volume bot turned off)?
Why do you insist on comparing bidsum volume at the end of the longest bitcoin bear market with the heights of the biggest bubble bitcoin has ever experienced?
Edit: and how do you know how much money is sat on exchanges but not on the orderbook? Point us at a post where you predicted the november 2013 bubble!
Edit2: Oh and if diff remains the same as today it will be july 2016 til the next halving..so 1 year 4 months
