Post
Topic
Board Archival
Re: btt
by
dexX7
on 11/07/2013, 16:37:42 UTC
Quite likely it is a bubble pumped by irrational investors who are excited about dividend growth but do not understand fundamentals.

To be honest, it was interesting to observe the rise from yesterday, because there was a spread of around 0.5 Bitcoin, but still big money came in. I would never go so far and call someone's investment irrational. I'm pretty sure the buyers knew, what he or she were doing and intended to do so on purpose.

Since my last post in this thread, I watched BASIC-MINER's development closely and I noticed every news post on BTC-TC or better to say, any fundamental change like receiving another Avalon unit, triggered another price rush. Yesterday was interesting, because no news were pushed on BTC-TC, but the announcement of selling 100x AM shares in this thread and the higher dividends might be the cause. I expect another rise after the forth Avalon unit was received.



^ Price was adjusted to Price = Price / 10 before the split, to make the chart consistent.