at the risk of getting slaughtered here, does no one feel the price is being propped up? don't get me wrong i've been well wrong since July consistently but I dont see unabashed demand for bitcoins, i see huge buys at 4 AM UK time when the US is starting to go to bed and massive bid walls appearing as has been the case it seems from 75 onwards.
I am just curious as to how far this will go, clearly there is little trading activity at these new prices and those walls propping up the price if they dissapeared we would find ourselves at 120 again in no time flat.
Just curious if I'm reading this wrong and this is actually huge demand / paradigm shift. To me it seems like a giant bet on which way the whales will go next.
Hmmm.....Whales can only Dive,lol!I am just curious as to how far this will go, clearly there is little trading activity at these new prices and those walls propping up the price if they dissapeared we would find ourselves at 120 again in no time flat.
Just curious if I'm reading this wrong and this is actually huge demand / paradigm shift. To me it seems like a giant bet on which way the whales will go next.
To paraphrase a colloquialism we air dwellers use:
What goes down, must come up.
Whales, in particular, have to surface regularly to breathe.
