There is a whole lot of demand out there that you just can't see.
Sum the feelings of everyone in the market. 2014 is the tipping point: the move from investors feeling more secure in fiat to investors feeling more secure in Bitcoin (I'm not talking about you handful of die-hard veteran investors of course
) !
Q) What is the largest BTC wallet in the whole world?
A) The DPR seized Silk Road coins wallet!
Q) What is about to happen to all those 144K coins in the very near future?
A) They are getting sold at auction no doubt a price level way below the current market rate?
Q) What will then be done with those auctioned cheap coins by those who acquire them?
A) Good fucking question but the very best that can happen, is that they are sold to investors who would otherwise represent zero buying power at the exchanges, and who decide to hoard the entire lot of them. That is the utmost 100% best that can happen and any anything that falls short of this bull's wet dream is going to be a bearish factor for Bitcoin.
Thankyou please!
