Im starting to suspect that the majority of the bitcoin buying keeping the price up is traders getting into ALTs.
Lol. Get out of here with your uninspired bitcoin FUD. The opposite is happening.
, or do all the forum members have memory of puppy dog? We are growing at decreasing volume and there is currently resistance at around 1200.
We have seen multiple, dozens even, examples of prices losing up to 30% of value before rebouncing. Back in summer of 2013 even rapid rise to 140 and then months long descent towards 70.
I would expect more rational perspective from seasoned member like you, Ted.
Unless we break 1250, 800 is in the play.