Topic: Duble Digit Belieber's Club: - page 2. (Read 1976 times)
It's about triple digit believers now. The last believer (MtGox) has lost faith.
Quote
The last time it tipped up was May 16th, 2012.
It it was also very stable for much longer. However, this time we don't have any pirates trying to peg it.... or do we.
I beliebe!
Now why would I disclose my position? That would spoil the fun
I'm all out.
You're all in?
You're all in?
Hey double digit believers,
In case you haven't noticed, there's been a concerted effort lately to keep the price AT OR AS CLOSE TO $100 AS POSSIBLE.
Somebody (Or group of somebodies) wants BTCUSD to be $100 for a while.
This person is REALLY GOOD at what they are doing, and have been VERY successful.
So, please, the second price goes from $101 to $99, that does not give you the license to FUD around "OMG back to double digits, no media attention, low volume, public losing interest, we're fucked, get out while you can." 'Specially when it touches $100 again within 10 minutes of you posting.
Look at the price history the past couple weeks, and observe the "deep pockets at work." Price-fixing is easy with low volume. Now, look at price history the past couple months. Highs are getting lower but lows are getting higher. We're in a high/low wedge of epic proportions and pressure is building. What happens next? Well, ask yourself how much faith you have in fiat currencies.
What do the nuts say? Deflation of USD first, then hyperinflation due to CB response and ongoing market frailty. Assbackwardation, free fall, fixed prices, hey, Venezuela actually has a toilet paper shortage, did you know that? So hold on to your bitcoins. Unlike fiat, they do not have intrinsic value as toilet paper so you might want to hold onto some Fiat as well incase the local Kruger's runs out of Scotties Thuper-Thenthitive.
In case you haven't noticed, there's been a concerted effort lately to keep the price AT OR AS CLOSE TO $100 AS POSSIBLE.
Somebody (Or group of somebodies) wants BTCUSD to be $100 for a while.
This person is REALLY GOOD at what they are doing, and have been VERY successful.
So, please, the second price goes from $101 to $99, that does not give you the license to FUD around "OMG back to double digits, no media attention, low volume, public losing interest, we're fucked, get out while you can." 'Specially when it touches $100 again within 10 minutes of you posting.
Look at the price history the past couple weeks, and observe the "deep pockets at work." Price-fixing is easy with low volume. Now, look at price history the past couple months. Highs are getting lower but lows are getting higher. We're in a high/low wedge of epic proportions and pressure is building. What happens next? Well, ask yourself how much faith you have in fiat currencies.
What do the nuts say? Deflation of USD first, then hyperinflation due to CB response and ongoing market frailty. Assbackwardation, free fall, fixed prices, hey, Venezuela actually has a toilet paper shortage, did you know that? So hold on to your bitcoins. Unlike fiat, they do not have intrinsic value as toilet paper so you might want to hold onto some Fiat as well incase the local Kruger's runs out of Scotties Thuper-Thenthitive.
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