Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that...
pretty boring.. why we not pass 3000 euros already? why those dumps?
pretty boring.. why we not pass 3000 euros already? why those dumps?
Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already. BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally.
Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while.
Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards.
stop saying "ICO" this was a poloniex creative spin on "IPO" because ipos require registration duhhh lol
To be honest, I would like even more volatility at this moment, with deeper downs and higher ups. It would allow the smarter newbies, as I am, to build up a bit of base capital and basic understanding. Also I think the big move will not so much be the ICO shitstorm(s) in a glass of water, but maybe the Icarus story happening in the FANG stocks... .
