Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
SlipperySlope
on 09/05/2013, 21:47:29 UTC
I'm really enjoying the price stability the past few days.  If it continues I do think it will be quite good for bitcoin adoption.  As the market is typically extremely volitile it does make me think that there are people who are creating the stability intentionally.  If so, keep up the good work.  Do others think this as well?

To me, the enthusiastic crowds of new bitcoin buyers are missing. Bargain-hunting buyers are more cautious about buying above these levels. Caution facilitates patience.

But should prices slowly slump, or perhaps simply not rise, then I believe there will be another leg down testing $80. In a collapsing bubble, price trend bias is downwards.