Re: Wall Observer - MtGoxUSD wall movement tracker

Personally, what I find pathetic and ridiculous is not being able to acknowledge the realities of bursting and deflating bubbles and ignoring the evidence staring at your face. Suit yourself. Cheesy

There are no bulls around in this forum. So who can sell any more? This day-and-night bear parade that we are witnessing can only point to rising prices (don't expect anything too soon however). It is as clear as the bull parade a few months ago, which was pointing downwards.

I am bullish about BTC in the long run but I'm also flat broke. If the bears are going to hold the price down for long enough for me to scrape enough cash together to catch the train too then that's fine by me. 'Due to unforeseen circumstances the 12:41 train to the moon will be delayed' - just like my order from BFL of course

In the meantime I'll just keep turning over the small amount of BTC that I already have because this market uncertainty does present a good trading opportunity

Bears don't have anything to sell, so they cannot keep the price down. Only the bulls can take it down by selling. But there are no bulls! So it does not look like the price would go down for any longer period of time. Unless Bitcoin dies, of course, which we know is not happening. In 2011 it took some balls to invest and we were handsomely rewarded. Now it is quite obvious that bitcoin will be worth much more and only thing we are debating is whether an odd week will close $50 or $70 in the meantime. If you know daytrading, this is a good opportunity. Long term just buy and forget.