Quote from: MatTheCat on December 24, 2013, 01:35:22 PM

Quote from: TERA on December 24, 2013, 03:26:10 AM

I think the increasing bid depth is taking everyone by surprise. It didn't reach ATHs like this in April/May. This will continue to push the price up, until it doesn't, and the whale decides that it's harvesting time.

Consistently astute posts.....a fkn rarity in here.

Bitcoin market is essentially determined by a handful of early adopter whales who may or may not act in line with 'news events' when they decide its pump or harvest time. In the meantime, the 99% sit redrawing lines on their tech analysis charts, and scrutinising news events or propaganda put out by exchanges such as Gox.

Quote from: TERA on December 24, 2013, 04:25:37 AM

Guess what.. we haven't really "lost China". There are still Chinese exchanges doing high volumes, and btcchina is still pushing these little rallies. So what happens when we REALLY lose China? Or next time btcchina starts plunging again?

Shhh! Stop fkn with peoples delusions. We have had enough down time around here as it is. If Bitcoin Nutter says that China is over and all the negativity has been priced into the market and has indeed been overreacted to (hence drop to $380), then that is how it is. Bitcoin to slowly rise from here, to about $1500 by end of Jan 2014. $10,000 by Jan 2015, at which I point I will buy myself a Lexus.

Comprende?

Lol nice one. The 10.000 price tag by the end of next year is a COMMON theme of bitcoiners. A small minority is even hoping for the 100.000 price tag within one year. Delusional. Once the whales start dumping and no new money enters this whole charade will come crashing down.