Quote from: RobertDJ on July 22, 2014, 08:30:45 PM

Quote from: DjPxH on July 22, 2014, 02:02:06 PM

Quote from: harlenadler on July 21, 2014, 08:42:49 PM

I'd say the sellers are keeping the price capped here quite nicely....

Yeah, but it's only the people who have to liquidate regularly. Like miners, businesses, etc.! Bears can't seem to be doing anything to bring the price down at the moment.

I think that a lot of the price pressure lately is coming from the large businesses that are selling the bitcoin they receive from sales in bitcoin

I agree. 18 months ago there were a lot of people who had very modest to "All-in" bets on Bitcoin, but still had to work their day jobs to pay bills. In the last year and acquired some serious purchasing power and are probably spending some of it whether or not they are still working their jobs. I know after we go another 10x I will definitely be spending, but right now I'm hodling.