IMO, price will drop soon. Too strong sell walls. We need too much BTC intake to get through them. I sold 50% and hold 50%. Long run possible be good, I hope to rebuy when price drop.
We will see kgw soon, this 60 blocks will be the most hard, but then wverything will be good.
That could be as well fake sell walls, I've been watching Cryptsy whole morning and that's what is going on, trying to cause panic selling and buy low.
Sell wall 10-12BTC @ 15, buy 6BTC @14. Once the buy is down to 4BTC, it disappears along with the sell wall. Cool, we got tons @ 14, let's try again.
Sell wall 10-12BTC moves to @14, with 4BTC buy @13. Cool, now we got a lot @ 13, let's try once more.
Sell wall 10-12BTC moves to @13, with 4-5BTC buy @12.
Now some people sold @12, but clearly not as many as was hoped and the rush to sell slowed down - so, surprise surprise, sell wall 10BTC move back to 14.
Simple really, but if you don't know it and haven't got steady hands, that's where panic kicks in and most looses while smart got cheaper leafs
We're very close now to the KGW, hash will go up again and great work is done by the dev team, coin is popular, a lot of people believe in it - that's all you need for a good pump.
At current prices whales got enough to put up big walls and buy cheap, so that's what's happening.
Only question is how low/how many people will panic before buyers decide to start the pump.
Poll
