Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 14/02/2016, 20:27:17 UTC
Fuck me.  It's hard to imagine a worse call.  Well, the market has spoken and the market always gets the last word.


I'm glad that you are willing to admit your bad call;  however, I always assert that we can really never know for sure the shortest term price direction unless we happen to be a whale that is able to push it with 10k or more coins  (and/or equivalent in dollars maybe on bitstamp?).

On the other hand, BTC prices had been lingering for so long in the upper $300s after the Hearn fiasco.. and then attempts at pushing it below $350 had really not been going anywhere... at least not yet... and also people seem to be kind of less convinced that there is any real material issue that is dragging down bitcoin as Hearn was arguing.... I mean seeing through the apparent propaganda...

So far this uptrend has not been on very high relative volume (at least from my perspective), so that causes me to believe that it could be put to a halt or reversed with some voluminous dumping (maybe 10k coins would be sufficient?)