Quote from: Arriemoller on Today at 11:56:56 AM

Quote from: dragonvslinux on Today at 09:42:40 AM

Quote from: somac. on Today at 08:53:17 AM

Quote from: Poker Player on Today at 07:20:12 AM

Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.

Theories??? It's math and science pal. That ain't no theory.

Since when did math and data science not include statistical theories?
One theory is the amount of short positions are still over leveraged last I checked (with $2 billion open positions). The bears are refusing to exit their losing positions, instead are holding onto their shorts Bitcoin as it rises and finds support above the 200 Day MA Roll Eyes

What happens theoretically when these positions get liquidated is they have to buy back into Bitcoin. This is how the $50-60K "blink of an eye" can occur. All theory obviously, but 35% shorts vs longs in a bull market is still over leveraged imo.
Remember when price crashed 30% in a day? The market was over leveraged long, the bulls got liquidated. Some theorized this would happen, I ignored it. I won't ignore this scenario in the opposite direction. That would be naive.
Ideally everyone exists their losing positions before liquidation, or at least at different prices. But they don't, and they never learn.

Yes, but the Llama gets everything confirmed in the WO thread, that overrides everything.

Just to clarify, this is also a joke.