Post
Topic
Board Speculation
Re: Are people getting greedy again so soon??
by
botlove
on 19/04/2013, 01:39:33 UTC
the part that bothers me a is that the total volume of coins for sale today is 1/3 what it was yesterday (on Gox).  That either means that 'Joe the plumber' owns 2/3 of the bitcoins now (could be a good thing in the long run as they get familiar with market making skills)  or more than likely, the price is being pumped in preparation for the next dump.  I probably shouldn't point out how easy it is to tell that there is an unrestricted rise at the moment.  But they didn't pay me to stay quiet.  =)   So, it's a cautious buy from me for today, but no higher than 115 for today, which means I either go to the bank tonight for deposit, or sit this price out and wait for the market to cool down.