Topic: The rough seas are calming. The calmness before the storm perhaps! (Read 897 times)
The current situation feels a lot like the situation back in June with so many people anxious about MtGox withdrawal problems and wanting to stay out of the market until things were resolved. Well things never got resolved, but as other exchanges got bigger, and SecondMarket and China got involved the price just shot up like crazy ever since the SR event. Now we're in a situation again when many people are anxious about China and its biggest exchange Huobi, and so many people are holding fiat and want to wait for things to get resolved again. Well, I doubt things will get resolved this time and the situation in China and Huobi will probably still be very much unclear in February. So I think something is going to trigger the next big bull rush again within the next couple of months, maybe even as early as the beginning of February as people realize Huobi isn't being shutdown and they might as well buy back in.
January 15, 2014, 09:33:10 AM
January 15, 2014, 08:56:13 AM
Are there any upcoming event to destabilize BTC? OR is it smooth sailing as far as the eye can see?
Are there any websites with landmark events that have happened and is going to happen. Maybe we can see how it has and will effect BTC price?
Are there any websites with landmark events that have happened and is going to happen. Maybe we can see how it has and will effect BTC price?
http://www.ft.com/cms/s/0/cf57a59c-7d39-11e3-a579-00144feabdc0.html
January 15, 2014, 08:13:17 AM
I would say that is to early to say that price stabilized. We will see a lot of action in february. There is still unreleased pressure out there..
January 15, 2014, 08:01:36 AM
End of the Chinese year, US senate hearing at the end of the month
IMHO much of the effect of end of Chinese new year (no more fiat withdrawal from exchanges) has been mostly absorbed into the price by now. I imagine the the Chinese who still have BTC will now be hodling regardless, otherwise why wait until the 31st to sell?
US hearings could have an impact though, since if there's a lot of people in fiat waiting the see what the end of the month brings....
Also, correct me if I'm wrong but it's not the US senate but the New York State Department of Financial Services that is meeting to discuss BTC this month.
Source: http://www.coindesk.com/new-york-state-announces-bitcoin-hearings/
January 15, 2014, 07:44:36 AM
End of the Chinese year, US senate hearing at the end of the month
January 15, 2014, 07:43:13 AM
Are there any upcoming event to destabilize BTC? OR is it smooth sailing as far as the eye can see?
Are there any websites with landmark events that have happened and is going to happen. Maybe we can see how it has and will effect BTC price?
Are there any websites with landmark events that have happened and is going to happen. Maybe we can see how it has and will effect BTC price?
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