Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I don't think a lot of big coin holders are going to buy more coins. Maybe a few.
There might be money on the sidelines, smart people waiting to come in - in a semi-institutional way if the price drops too low.
But if you look closely at the exchanges you can see that its the same players passing the coins back and forth - some losing money (because they are in denial) and some making money (because they aren't).
There might be money on the sidelines, smart people waiting to come in - in a semi-institutional way if the price drops too low.
But if you look closely at the exchanges you can see that its the same players passing the coins back and forth - some losing money (because they are in denial) and some making money (because they aren't).
The total value in the exchanges is less than $1 billion (WAY less). Your observation is very much true concerning the current state of affairs, and there is nothing that would prevent it from continuing several more months. The prediction contest will quite soon (tomorrow, actually) reveal the crowd opinion about when the rise would start. But similarly as there is nothing that could force it go up now, there is also nothing that can prevent the coming rise when it is due.
If you think I am amongst those in denial, at least I am seasoned enough not to trade now
