Quote from: Spaceman_Spiff on November 04, 2015, 07:47:38 PM

Unless these people want the money to go out of China asap. Buy in Chinese exchange, and sell it on a western exchange. Would also explain the premium.
Or Ponzi suckers buy at Chinese exchange, Ponzi operating basterds sell on BTC-e.

Thought of that too. As we've heard the Chinese are having trouble getting money out (source needed) so Bitcoin as a middle-man kind of makes sense in this case.

Quote from: jbreher on November 04, 2015, 08:15:56 PM

Can't go vertical 'till the masses start buying in en masse.
The masses can't buy in until they have large money available in a venue in which they can trade.
Masses wont have money in such a venue until the 'signup/KYC/AML' process runs its course.
Signup process takes 1-2 weeks after opening account.
Masses will not open account until FOMO.
Masses won't FOMO until news of rise is omnipresent.
News of rise will not be ubiquitous until ATH.
ATH not until..... next week?

Net: If we can sustain this rally until ATH, the real fireworks will happen 2-4 weeks after that.

Yeah - boom.

A logical explanation, but we are currently bouncing against a very strong resistance and even making lowers lows. The fundamentals are strong, but technical analysis is telling the opposite.

What to believe?