Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tHash
on 20/12/2013, 22:15:23 UTC

But, that we return to a low in the mid term (before winter is through), seems a wise acknowledgement.


I have a bit of cash still sitting around for just such a case.

It takes a long time for people to get verified on the exchanges.   There are many people still waiting for verification I am sure.   While a retest of the low would be nice for some more coins, I feel there is a lot of buying pressure on the way.   Many will wait until we break from the trend, but many who first saw the price racing through $800 or $900 will probably see this as a great entry price, providing for buying pressure that may not let us dip as far as we hope.  

I don't know, I just feel that we are running out of coins, and the big boys don't want anyone to know about it yet.  Watching the ask volume has been interesting for me, as the coins up high that show up and disappear are all there to provide the illusion that there are a lot of coins up for sale.   Most(all?) of those would be owned by whales.

Just don't risk a significant percentage of your coins on the bet we will retest the lows.   Since it makes sense that BTC will be worth quite a bit more in the future, I don't see lost coins as "only" a few hundred lost.  The biggest mistake I have made was selling quite a few coins in the last crash, waiting for lows to reappear that never did . . .   Right now I am only 10% fiat.