16K BTC to $600 VS 17.5K to $100 @ Bitstamp... really comforting.
Crazy stuff. This doesn't exactly seems like a healthy market. Where are all the sells coming from?
At any rate, these phases are necessary to further distribute the Bitcoins over the world (cause that is what this is).
24K
BTC to $100 and 9K
BTC to $600 @ Bitfinex.... I am ignoring the fact that usually when the price move a bit up, more Asks build near the target price.....
conclusion: the tension in the crypto market is not healthy at all, it gives me the impression of a coming/near collapse !!
Collapse? You must be joking lol. It will not significantly (not that word!) collapse.
a "crash" from $460 to $150 is considered a collapse IMO, which is very possible looking to this thin book order.
I would sell my house, my car, and all my toys and buy the shit out of bitcoin if we go below 200.
when the price was around $800-950 at the beginning of this year, people said the same about $4xx... people said that 2014 is the year of Bitcoin (which wasnt wrong in terms of development) and they said the price will jump to $10K before May... and they said... they said many things, I wonder if these people are still around ?
I remember talking to someone after the gox failure, he told me that Gox killed every chance for Bitcoin's price growth this year, I told him that this doesn't matter and I was up for a bet, he wouldn't take that bet because he thought it wouldn't be "fair" as he was damn sure about what he was talking about, the guy shorted the shit out of Bitcoin just a little below $1000... he was a hard core Bitcoiner...in fact he is still around but I don't think he still holds that large sum of coins he held last year.