Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Walsoraj
on 10/10/2013, 16:16:24 UTC
In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.


Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.

Not really. At the point in time we were $10, we were 2/3 from the ATH, and practically everybody in the world had written off Bitcoin as a 'dead' currency. Now, we are less than 1/2 from our current ATH, and everybody has seen BTC come back, and BTC has been featured on many news stories, and  the BTC economy is a thing, so its much easier to gain traction.

If you ask a random person (ok, I live in silicon valley, so maybe this isn't a representative example, but still) about Bitcoin, they'll at least know that its a digital currency. They might not know what that means exactly, but its a gigantic step forward.

The fact that everybody knows about bitcoin now yet the volume remains pathetically low is a bad sign... Indicates both that the capitulation is yet to come and we may not recover from this one.

Stop looking at Gox volume, that is a station long past now.

Cant. No other station has taken its place (bitstamps high volume is only in spurts and has laughable bid depth).

Just another sign that we haven't capitulated yet and the bubble probably wont re-inflate.