Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 14/04/2014, 09:28:30 UTC
You're welcome. I bought most of them for less than $20. I have plenty more in cold storage. How dumb do you think we are?

I don't think you're dumb. I'm just celebrating the rise of BTC price, which is, last time I checked, a Good Thing (TM).

Could be a bull trap for all I know Smiley Show some sense of humor, man.


It is very likely a bull trap, or more specifically, a short squeeze attempt. There was a coordinated evaporation of buy orders this morning followed by a coordinated pump on all major exchanges. I'm a Bitcoin true believer as anyone who follows this thread knows, but these price movements aren't normal and wreak of pump and dump.  If it really is the train, there will be plenty of stops and I'll board then.