Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people Wink

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

All of you (or most of you) are really trusting that we will see blind green candle. Okay, I don't think so. When everyone is saying that BTC will rise (I'm talking about short term) everyone is buying, but that's just blind move imo. Big Bears want to pump price to get better profits on their shorts. Sooner or later we will see drop.

Dh okay, now I got it. If you want to sell you have to buy, right?

You start buying, speed up carousel, then you start backing off. Others see the hype, buy more, more and more. Then you go in with shorts and drop the price, another panick starts, people sell and price go lower and lower, you realise your short and you're the king =)