Post
Topic
Board Economics
Re: Bitcoins price trends (and why the price will be lower later today)
by
Macho
on 16/06/2011, 01:57:19 UTC
It jumped up again dancing in the middle between $19 and $20 ... but sell@20 is consistently rising while buy@19 is consistently declining ... so the trend is clear and quite understandable - as you've said $140,000 new injected money a day is clearly unsustainable by the current bitcoin economy. So it all depends on what the hoarders do ... if only few decide to cash out the panic is on.