Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
maz
on 05/12/2013, 11:59:56 UTC
This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.