Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.
Lol sour grapes.
Thanks OP posts like these are a massive bullish indicator for the ETH price. And make very pleasurable reading.
It's the same feeling i get if i read that someone i hate got run over by a bus or my favourite team won the FA cup.
Keep em coming