Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Trouble821
on 12/06/2016, 22:40:52 UTC
dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

if you sell at 50000 and it crashes back down to 10000 are you sure you won't buy back in? It would be tempting to get all your Bitcoins back for a fifth of the money you sold them for. The profits would pay for lambos, etc.