Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Cconvert2G36
on 14/04/2015, 02:47:02 UTC
I am always surprised to see it go down!  What happens when a scant 21 million people want to hodl an average of 1 measly bitcoin each???

Always surprised?



How about when 10,000 own most of them, top 100 a huge chunk of that, and one owns 1m+? Joe retail public has to eat all their diversifications, plus a portion of 3600 mined coins per day. Impossible to say where bottom is, but in theory it should seek/lead mining cost +/- speculative sentiment.

Speculative bulls are probably pulled back and waiting on GBTC trading to try some kind of buying push. 2 weeks™. Not averse to sitting there for cheaper coins in the interim. Not that the pink sheet volume will really mean much for the market, but as a catalyst to stop-hunt/bounce.