Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Pretty soon everyone will realize that even $300 is a very likely level of stability, if not mid-200s. The sooner everyone realizes that there's just no basis for this valuation (or the capital in-flights to support it), the better.
Yes, it truly is as if nobody would be able to see more than a few days into the future, and that the price today would have no correlation to expectations of long term value (and only be a product of buying and selling pressure in a given day, in exchanges that lack liquidity).
It is somewhat irritating in the short term but gives an opportunity in the next bubble. I might aim to increase my number of coins not by the usual 10-20% but by 50% with a little more aggressive play. Is anyone with me? PPT?
I know that you MAY NOT care, but I would like to buy at the lowest point... Maybe $420-ish? Anyhow, if you are going to buy several thousand coins, then you should let us go first... b/c your buying may cause the prices to go up a lot, that is if you are buying on any of the exchanges..