Author

Topic: Who's selling just now - 84.80? (Read 803 times)

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
April 17, 2013, 06:05:46 AM
#7
we're still technically in a bear market. i'd advice against throwing caution to the wind for at least a few more days Tongue

Technically you should zoom out on your time fame to months/years. Bull market in tact.  Tongue
hero member
Activity: 728
Merit: 500
April 17, 2013, 05:56:47 AM
#6
Day traders? With 10 dollar or so difference isn't there money to be made?
hero member
Activity: 602
Merit: 508
Firstbits: 1waspoza
April 17, 2013, 05:53:35 AM
#5
we're still technically in a bear market. i'd advice against throwing caution to the wind for at least a few more days Tongue

Exactly. We din't even had single (closed) green candle yet.
hero member
Activity: 868
Merit: 1000
April 17, 2013, 05:49:48 AM
#4
I bought @ 52 yesterday.... Sold @ 75 today and am now bidding 60

Buying and selling is what makes a market
sr. member
Activity: 448
Merit: 250
this statement is false
April 17, 2013, 05:45:58 AM
#3
we're still technically in a bear market. i'd advice against throwing caution to the wind for at least a few more days Tongue
full member
Activity: 204
Merit: 100
April 17, 2013, 05:43:45 AM
#2
I guess bots, mostly.
Arbitrage bots, scalping bots...
newbie
Activity: 56
Merit: 0
April 17, 2013, 05:38:00 AM
#1
Who's selling just now - 84.80?

Miners in for the long term (years)? No.

Investors who bought at < 65? No.

Newbies who bought in >200? No.

Yet there are hundreds of thousands of people around the world who want to get their hands on at least a few BTC.

Economics 101; demand is over 1000 fold greater than supply - result is in however small increments the price is going to consistently rise. Daytraders may inject lability through .01 puts and calls, but the demand will slowly but surely increase the average price of BTC.

When speculators get a whiff of the true value of one BitCoin a temporary bubble results and breaks, but the trajectory of BTC can go nowhere but up as long as interest in acquisition maintains or increases.

Global interest is increasing daily.

Go many. Go long.
Jump to: