What exactly is Open Interest, and what does it mean for my trading?
I think what they mean by that is they're basing the rise or fall in price off of how people are socially talking about Bitcoins. They're saying if there's hype the price will go up or whatever. I wouldn't trust my life savings with it. It could get it right every now and then, but even when there's a huge selloff, there will be a lot of people talking about Bitcoin.