Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Dotto
on 02/11/2015, 23:42:16 UTC
Well, six months ago 68% of the coins were already mined.  Why wasn't the price ~$340 back then?  

Didn't investor know then that, within six months, 70% of the coins would be mined?

Easy, because everyone wants to buy "at the bottom", so the bottom comes and sits there for an entire year while they look at the screen and say, "hmm seems pretty stable here, looks like the bottom is in, but I think i'll wait and see if there's a flash crash, then I'll buy some then".  Then the train starts to leave without them and they realize they're a fucking idiot.

That and shorters are good at keeping the price from moving...until they fail and lose everything: