even as a bitcoin bull myself this looks like a trap to me. too much too fast and for what reason? is there some breaking news i missed?
here's a refreshing hypothesis: it's actual new money coming in due to 6 week old news (incubation time of new a bitcoiner (from first contact to first buy) is roughly 6 weeks)
So I looked at 6 week old news and found: "liberty reserve busted".
that is a refreshing hypotheses. i hope you are right.
There's not been a lot of movement on the bid side of God's order book. It stayed at $11M for a while.
There's more money on mtGox than is seen on the book. Newbs who buy their first coins tend to use market orders.
Is that the reason for the 30k of market buys ?
It's just a hypothesis, something to think about. I brought it up to remind people that not all moves are speculative ones. All the assumptions about whales now having coins they will dump at the next opportunity might be just that: assumptions that may be wrong.
Do you know that feeling.. when the earth is vibrating a little and you hear distant rattling? Oh the anticipation... your mind drifts away painting rosy pictures of milk and honey and such. Then something tremendously powerful pulls you back to reality and the next thing you see after regaining your composure is the backside the fucking bitcoin train.
Might not be that time yet, though
