You know what's more excruciating than a high volume dump down to $180? A slow, 12 month grind down to $180. From the average Joe, I'm sensing a huge amount of apathy for bitcoin right now, which sucks.
Why no apathy in the years before Jan 2013? Are we still way above what can be supported?
I fear that if Bitcoin was what it is supposed to be you wouldn't have to ask the question. We would just see stable high volume on all exchanges. Instead we see the market and volume move according to the sentiments of speculators. If someone really needed BTC they would just buy it and use it without hanging out to see what the price would do. That doesn't mean that it can't sustain a highish price as a speculators plaything, but I would be more comfortable if speculators accounted for 10% of the volume, not 90-98%.
I'm going to +1 this so you understand the depth of my approval here. But I will delete it before the mods see it.
Yeh, will give a +1 too and await deletion. I posted this morning agreeing with the more active moderation of this thread. Post deleted. Now starting to wonder (speculate ... speculation forum) what the objective really is. Some clarification is definitely required IMO as it is is now starting to feel like censorship. First rule of Wall Observer - don't talk about post deletion ... does not work for me.
Perhaps we should open a seperate thread about it and see what happens to that.
If it is an active attempt to 'mould' this thread, well, ain't much point in typing here any more. I thought this was what Bitcoin was all about ... some kind of freedom, and this thread, a place to speak openly
(though I agree that intentional unwarranted denigration and incessant trolling is a plague that needs to be eliminated)
Lets see how long this post lasts ...
What is 'on-topic' when there is more activity in post-deletion than in the market ??
FWIW, interesting to see bid side building on BFX. Looks like we might have a little push up to $23X. Not sure it will hold though
