Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
oda.krell
on 28/12/2013, 12:19:03 UTC
What Loaded meant is that he has loads of customers who bought at $10-$100 and are eager to take part in Bitcoin's profits, but do not care about suffering its downtrends. He need to unload perhaps 10,000s of coins and is doing a good job manipulating the market to look like a good opportunity for the small traders to buy in. To sell the coins at this thin market a crash is required - there is just not enough volume in the updays.

In general, there is very little buying interest above $400. The smart money knows when there is more air in the bubble and has no problem waiting for not only realistic valuation but preferably despair.


Quoted for future reference, to point out you where wrong one more time with your countless inaccurate predictions.

Full blown correction down to below 400 (i.e. sub 400 for daily average, not just a 1 hour dip to 380 or so) seems unlikely right now, given the market's reaction whenever we fell to that point.

But don't take my word for it... let's wait til late Januar/early February, and look back.