Don't get me wrong, I'd love to see the BTC/USD go up at least 2x orders of magnitude, but my thought is that it's going nowhere. As long as BTC Chine keeps this wall up (and they can do this indefinitely), we're not going to see any locomotives around.
It's not going to go down either, at this moment it's pretty much locked @ 800 - ish.
Scenario:
Chinese selling on BTC China just to buy back cheaper @ Huobi or the other way around.
I feel like I am missing something here - but the difference between Ask @ 4850 and bid @ 4849.99 seems ridiculous !
It's too volatile. It's going nowhere. Gimme a break. It's 8X higher than it was three months ago. If consolidation takes another month or three, that's perfectly fine. and it will eventually go up when it becomes obvious to nearly everyone that is useful and has legs. Honey badger don't just jump when you say "jump".
Poll
