Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rudius
on 15/04/2014, 13:31:39 UTC

The price will go down, because this spike wasn't caused by new money entering the system, but by moving around of some money that was already in the system. And it's not a lot that's in, so it was only a matter of time when the rise gets exhausted and starts to fall back. I think that we will see some low volume aftershock waves today, and maybe even tomorrow, but it won't be long when the price drops back to sub 400. As long as there isn't new money coming in, then it's a bad call to just sit on BTC. Only thing to hope for is that the drop will be fast and not slow and ugly, like it has been for the past months.

Lol you keep repeating yourself over and over again. Every body is well aware now of what you are thinking. Could you please keep it to yourself till you are bullish. I will then have a lot of coins to sell you...