So bitcoin price is at the same point it was yesterday and bid sum has dropped only 500k...
That was a crash? Really? It was an epic bear trap to me, who sold at $175? LOL
that's not really a crash. more like a correction.
i think the real crash will happened after
the bitcoin trust is listed and the winklevoss btc which are locked up right now flood the market and soak up all the fiat, this is sort of the run up in anticipation to that.
this is pure speculation
It needs to be listed anywhere? I am total ignorant, indulge me!
if you recall the twins put together a trust of about 200k btc (I think), and filed an s1 with the sec, that s1 was refiled on oct 8 (when this rally started basically) with letters from their law firm (i guess in response to sec questions from the original july filing)
the sec has 30 days to approve or ask more questions. but assuming they find the law firm's letters acceptable then the winklevoss btc trust will go live some time between now and 6th of November I suppose (this is not my field really)
at that point rather then paying coinbase 1% and shipping money of to some far away island or euroland, or meeting some shady drug dealer who wants to dump his btc via lbc, you could simply log into your brokerage or 401k account and supposedly buy this...
anyway what it means is that there will be a glut of btc that was previously not marketable on the market...
