Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bassclef
on 11/05/2015, 17:56:53 UTC
Quote from: ricmi on May 11, 2015, 05:46:41 PM
Quote from: bassclef on May 11, 2015, 05:33:14 PM
Quote from: ricmi on May 11, 2015, 05:29:10 PM
You bitcoiners wishing to other market participants the worst possible outcomes will backfire on you once we go to double digits. Wink

And how do you suggest we get there? Dump Team Six failed to break the market below $230 and you know they were gunning for $210.

The market is not magic, there needs to be actual selling for the price to go down.


15 mil of coins in circulation and 3600 minted every day, so not so difficult.

The only question is when. I am betting this summer: june~august.


Once it's clear that the bear trend is all but over miners will start to hold in expectation of higher prices. They sure weren't dumping 3600 coins per day during Q4 2013.