honestly how can people not be shitting their pants?
I'm not sure. I have this lurking feeling of danger,
this fucking fear in my head that says: the longer the wait the bigger the dump.However, let me draw a picture that is maybe more rational:
- News has been good since around the London Conference
- As I argued before, it takes time for good news to attract big buying
- Now the sizeable buyers are coming in good numbers streched out over quite long periods of time
- Hence price goes up, up, up as evidenced.
- The "natives" (us) have been fearfully selling on the way up (at least some). Not dumping, but selling a bit here, a bit there, hoping for the big dump that so reliably happened in the past
- So the money is changing hands! (duh!)
What if these new hands are strong?There is reason to believe that, no? These guys are hoping for 1000% rise, not for 50% or 100% (Bitcoin is penny stock for them: "look at that inassesible risk, tiny market and mind-boggling potential"). And if some of the early ones have been selling, the probably only did it to get back in at a higher price.
What if these new hands are strong? Well, if that's so and we go to >$100 this year then
we will have given them our hard-earned coins for cheap and we will look mighty stupid.
