Quote from: john_doe on July 04, 2017, 09:17:18 PM

What do you see here? Shocked

You can definitely see that bitcoin price has grown a lot.

The incerase in price pretty much corresponds with government regulations moving into legalizing bitcoin as well. So it's definitely not some sort of unexplained mania, adoption by merchants and government acceptance for bitcoin is at an all time high in my opinion.

Quote from: Schuyler on July 05, 2017, 05:11:25 AM

But if you look at the volume, the red sticks seem to outnumber the green ones, meaning the selling is heavier than buying. But the short term trend seems to start to point up again, while the long term trend is still fairly on the upswing. Looking forward to $2,800 in a couple of weeks.

Usually there is a few days of bearish market conditions which traders can take advantage of, and then after these few days there will be one big adjustment upwards, and the price stabilizes at a particular level. This is pretty much constant throughout the 4 month chart of bitcoin. Apart from illiquid altcoins this is probably the only way you could have more tripled 1 billion dollars in these 4 months. Not bad.