Post
Topic
Board Speculation
Re: All-time-high volume
by
proudhon
on 25/01/2013, 04:04:38 UTC
All time high volume means all time high price shortly? Shocked

Um, no.  Go ahead and look at the all time price/volume history on bitcoin charts.  All the major volume peaks are followed by crashes, then long periods of correction, followed by stagnation.  So, you know, yay!

The crash is done. That's good if there is a stagnation at 15-16 level, so I can accumulate more

You're forgetting the correction part, before the stagnation.  We're likely headed much lower than this.  The crash is just the beginning.  It's the big boys setting the trend.  Now everyone else is going to start unloading, and this will probably go on for months.  I don't know if Adam is joking around, but we probably will go below $10.