Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PURE POS]Information Coin(ITC) Fair&Free distribution New thread
by
MoreMinerals
on 05/06/2014, 01:53:41 UTC
Guys...
Please look both ways

Whoever put up that 10~ BTC buy wall
Must be pretty confident that it will go up

You can't just look at the negative side and think
people are still dumping into this 10BTC buy wall (even with that 6BTC sell)

I can see two possible scenarios

#1. He will have to produce enough buyer interest through pumps. Making it go to at least 300 in order to sell the 10 BTC he just bought at a good price.

#2. He is going to short on buyers.

I'm not saying it won't happen, but #2 is less likely to happen because order sizes are relatively low.
As long as no one does something stupid like put up fairly large buys *=(limit or market)..the price should be going up slowly.
Don't provoke him to short you, just ride the whale's wave; buy at your discretion and most importantly, be calm and patient.