Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e,
This would be no real price anymore. How many people would by for 100$? Many people. But do you think all this people park their money on an exchange? The same with the way up to 1000$. I would maybe sell a few for 1000$, but I have the coins for that now in cold storage, because I don't see it possible, that I wake up in the morning and then "Oh shit, yesterday night it jumped to 1000$ and now back to 600$."
This is economics 101, too!
Yes I know, btc-e had a flash crash from 650 to 102 and back to 600 within 5min. Everything is possible, but I buy that with a threat, that the exchange gets robbed or bankrupt. So I rather stay in cold storage.
nope from now until june we are in a gradual climb to $800. July 1st-10th the spike to 5-9k peak will happen, then 3k~ to end of year for the next spike sometime April 2015.
Why?well you just confirmed my post BTW, and you just figured out how bitcoin volatility works
read your post again and come back at me....