It's only the chinese and regular folks prone to panic who are dumping.
The real whales are accumulating at these prices.
Don't take my word for it. Go back a few pages and carefully read Loaded's posts. They are quite telling (and bullish).....
The real whales are accumulating at these prices.
Don't take my word for it. Go back a few pages and carefully read Loaded's posts. They are quite telling (and bullish).....
I speculate he's one of the whales who are dumping right now, in order to buy back lower, because it just makes sense.
I mean hey guys I know you all need a hero figure but he is a portfolio manager! Making money for his customers is his job.
I speculate that he dumped close enough to the top and he cashed out fiat. Then he flew to China with bags of cash, and he gave them directly to Bobby Lee in order to deposit them on his BTCChina account. The he slowly bought coins, causing the price rise in BTCChina.
And now he is closing the circle and dumping again, for a second final round of this "squeeze-a-nob" game.
Yes, that's all certainly possible.
My only point is that if real big whales are accumulating (either at 300 or 500), it's because they know they will soon have ROI. They know the accumulation game is coming to an end.
2014 will make the $1240 top a joke.
Listen, I read loaded's posts. You guys have to understand that if he really was carrying bags of cash, he would not have been able to set foot on Chinese soil... Do any of you live in the real world? If he has off-shore entities and his cash that is a wire away, that is slightly different. Still though, there is no reason for him to go there to put money back into the Chinese exchange. Government trumps Bobby ability to find a willing third party payment system.
He went there to talk about what is next, and how can he move his wealth accordingly. Buying back in on a exchange chocked by government, I don't think so.
