I agree, the kind of money we are seeing at this point isn't coming from the average joe. Some people are cashing in by dropping in big amounts and buying backs but we saw that a few times in the last few days. This one was just a bigger one.
The good news are overwhelming at this point with bitcoin. The bubble will keep inflating for a while. I am not saying it won't blow at a point, but I don't feel we have reached that point yet.
Topic: Where is the crash? Seriously - page 2. (Read 2297 times)
The amount of large buys I've seen lately indicates, to me at least, professional money. And it keeps pouring in. I think there are a few gaming some newbie sentiment, but they aren't going to dump $5-10 mill in a purchase to see it all gone. This moves higher before it's all said and done.
I felt a twinkle in my balls reading that last line
OK, everyone is screaming "crash". What crash? Where? I don't see it.
VWAP is up! By about 10% in a single day at this point. So the price increases by 10% and everyone screams "crash"?!
Yes, there is a lot of excitement. More than when I posted this https://bitcointalksearch.org/topic/m.3537325 But I think excitement can go higher a bit more. It has to be sustained for a few days before it all collapses.
The new normal is here, so that's a sign that the top is near.
My pure speculation. Price stays where it is -- at least above or maybe even slightly below yesterday's vwap -- for a day or two, regroups, and then pushes higher.
It will be like the one final orgasmic thrust. It will be glorious.
VWAP is up! By about 10% in a single day at this point. So the price increases by 10% and everyone screams "crash"?!
Yes, there is a lot of excitement. More than when I posted this https://bitcointalksearch.org/topic/m.3537325 But I think excitement can go higher a bit more. It has to be sustained for a few days before it all collapses.
The new normal is here, so that's a sign that the top is near.
My pure speculation. Price stays where it is -- at least above or maybe even slightly below yesterday's vwap -- for a day or two, regroups, and then pushes higher.
It will be like the one final orgasmic thrust. It will be glorious.
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