Ninjastic
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Board Speculation
Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
by
BitchicksHusband
on 10/12/2013, 22:42:26 UTC
Quote from: Ibian on December 10, 2013, 10:36:46 PM
Quote from: protokol on December 10, 2013, 10:34:55 PM
Quote from: kireinaha on December 10, 2013, 09:54:24 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  Undecided
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.

Given the $1300 Merrill Lynch / Bank of America valuation, apparently they have no clue.