Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
European Central Bank
on 13/05/2017, 00:12:00 UTC
Okay that was a little bit trollish. But if you're up for a sensible debate, how would you explain that new demand over the last 90 days?

i don't hold much truck with exchange demand. it's such a pain in the ass to get on an exchange that i don't think it's a very good indicator of what real people are up to.  

i think it was mainly fomo brought on by bitfinex upping the price. now at least they're doing a one time withdrawal of usd that particular pressure valve has been let off.

elsewhere it might be people still piling into alts. i'm pretty amazed how they've managed to sustain themselves.