Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
hdbuck
on 07/03/2014, 11:07:33 UTC
Quote from: optimi on March 07, 2014, 10:59:21 AM
Quote from: hdbuck on March 07, 2014, 10:56:10 AM
Quote from: optimi on March 07, 2014, 10:50:41 AM
Quote from: slovenc on March 07, 2014, 10:48:17 AM
Quote from: adsdas on March 07, 2014, 10:47:35 AM
I wonder how low we will go when the real panic begins
what do you mean ?
He means:

"I want the price to drop so I can buy in cheap."

resignation begins when the price have been quite stable and didnt CCMF for an extended period (all things being relative). Then, people start cash out little by little (because they obviously cant wait anymore or need money to buy sushis), and as a "snowball effect", the price go lower and lower.. eventually, it drops even more rapidly as people reaction to such a downtrend would be selling more and more... hence, panic sell Wink
So, you're saying Wall Street is preparing its entry?

Probably. But they aren't rushing blindly into it for sure. Right now, there is nothing that is legitimately boosting the price (besides insiders/whales/fools). Wall street is probably waiting for a clear buy in signal. which could be regulations incentives in the US, mining difficulty jump (as new ASICs are about to flood the market), price crash...