Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Vycid
on 20/11/2013, 02:52:09 UTC
I think Goat called it when he observed that the bull run isn't over, it is just being throttled by fiat constraints.

So lots of people are waiting on bank transfers which is creating a huge influx of money?

I think this is an oversimplified view of things. More money is coming in, but people are also getting nervous and jumping ship the longer this thing takes to get moving again.

Furthermore, a lot of people who sent their money in to exchanges may change their mind now that the rally is over and things are slipping.

I'd be pleased to see another move upward but I have no expectation of that.