Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ezmoneyezlife
on 10/07/2015, 09:59:52 UTC
Quote from: inca on July 10, 2015, 09:54:25 AM
Quote from: Richard Branson on July 10, 2015, 09:42:14 AM
Quote from: jeezy on July 10, 2015, 09:38:55 AM
next 24h critical

No. We will go back to stable 250-275$.
This spike was caused by LTC cash-out.

Just have a look at all BTC/LTC charts.
Has nothing to do with BTC demand bought by FIAT.


The cycle was very easy:
Accumulate LTC with FIAT or BTC.
Pump LTC like shit (Ponzi in China)
Trade LTC for BTC -> increase BTC price
Sell BTC for FIAT -> drop to levels before the LTC pump

Rinse and repeat. Love that unregulated market. So many people to lose money. Thanks.

Time will tell. The bitcoin 1w chart is looking extremely bullish. Just an uptrend is enough to keep momentum buying to get us over 300 and then once we breach 300 on finex / bearstamp / btc-e things could get really exciting real quick.

Wont happen unless it corrects itself to 255-260$ atleast + greece hype is almost done + blockchain spam dude. BTC will be at >300$ but not this month for sure. Most of people just havent realized yet why this willy-bot rampage happened on okgox/goxobi (LTC ponzer's cashing out).