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Title: Who's selling just now - 84.80? Post by: Mouser on April 17, 2013, 10:38:00 AM 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. Title: Re: Who's selling just now - 84.80? Post by: xorglub on April 17, 2013, 10:43:45 AM I guess bots, mostly.
Arbitrage bots, scalping bots... Title: Re: Who's selling just now - 84.80? Post by: arepo on April 17, 2013, 10:45:58 AM we're still technically in a bear market. i'd advice against throwing caution to the wind for at least a few more days :P
Title: Re: Who's selling just now - 84.80? Post by: DutchBrat on April 17, 2013, 10:49:48 AM I bought @ 52 yesterday.... Sold @ 75 today and am now bidding 60
Buying and selling is what makes a market Title: Re: Who's selling just now - 84.80? Post by: waspoza on April 17, 2013, 10:53:35 AM we're still technically in a bear market. i'd advice against throwing caution to the wind for at least a few more days :P Exactly. We din't even had single (closed) green candle yet. Title: Re: Who's selling just now - 84.80? Post by: Ekaros on April 17, 2013, 10:56:47 AM Day traders? With 10 dollar or so difference isn't there money to be made?
Title: Re: Who's selling just now - 84.80? Post by: smoothie on April 17, 2013, 11:05:46 AM we're still technically in a bear market. i'd advice against throwing caution to the wind for at least a few more days :P Technically you should zoom out on your time fame to months/years. Bull market in tact. :P |