Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mmitech
on 07/12/2013, 19:30:32 UTC
It is too stable to be cashing more, I think the crash has ended, the big sellers collected their money and everyone is past panicking now, the problem is that this happened over the weekend so no new money coming into exchanges except if people with weak hands decides to buy back. otherwise I don't expect any more huge action maybe the actual price +-50.

the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.

What do you think about mtgox btc actual volume (105,150 currently) ?

I think the volume is low because everyone is just waiting on standby, everyone sellers and buyers (yes I said buyers) want the price to go up, but no one wants to engage first we are all waiting something to happen.

in other words this crash brought some confusion even for the old professional traders, this are my thoughts...