Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
If you send cash today to BitStamp, usually it arrives too late there.
The price will probably crash - there is no serious buying currently. When the coins are sold to buyers on buy-wall, it means the price is dropping despite there is always a buyer for every sale. When there is power in the engine, the buying will eat the selling wall.
Now I see it is dropping slowly and the first seller right now gets the best price out of his/her coins, the second seller the next best price etc.
By being a first mover you max the dollar amount you are going to get out of your coins in case of crash.
I think the crash scenario is serious now and should be considered very carefully by each prudent investor.
The price will probably crash - there is no serious buying currently. When the coins are sold to buyers on buy-wall, it means the price is dropping despite there is always a buyer for every sale. When there is power in the engine, the buying will eat the selling wall.
Now I see it is dropping slowly and the first seller right now gets the best price out of his/her coins, the second seller the next best price etc.
By being a first mover you max the dollar amount you are going to get out of your coins in case of crash.
I think the crash scenario is serious now and should be considered very carefully by each prudent investor.
Last night's enlightening banter between me and Jomppe:
Me: "So if people don't panic sell their coins into your lap you'll be pissed off, right?"
Jomppe: "Of course, but then I have a handful of cash though which is also nice thing to have these days. Cool"
Good to see he's happy either way!
