 |
January 20, 2014, 04:28:30 PM |
|
One clue I had to the growing market depth was the recent decline from Gold Parity. It simply didn't fall off the exponential curve like it had before. By all rights, compared to the 266 run-up prior, it should've declined to at least ~200's (Bitstamp prices). The fact that it bottomed out a about ~200 bucks above that speaks to the depth needed to prevent that from happening.
It seems we're getting the benefits of continued expansion and adoption, which increases the amplitude of price - but not with the attendant retraces that we had in the past. I look forward to the threads when we've finally reached a pricing plateau of how "boring" it is to trade Bitcoin. Then I know we've arrived. Especially if people are trying to play 2 - 5 dollar swings instead of 50 - 100 bucks.
Just my trading perspective, having actively been involved since early 2011.
|
