idk, it's very hard to tell if we go up or down from here.
What is this we stuff? The market is controlled by large players who make it dance the
way they wish. There is not even close to being enough small frys to make a lick of a difference
right now. It takes a few individuals to toss around 20-40K of BTC or lots of cash to make anything
happen around here. People selling or buying 10-25 BTC just is not happening enough to make
a difference lately.
So lets say 1,000 new people get interested in Bitcoin this week. They all want to buy, lets say,
10 BTC. That is only 10K in new purchases. Wow. Raised the price by 4-5 cents. Which will quickly
be offset by miners who sell on a daily basis.
Lets say 10,000 new people get interested in Bitcoin this week. They all want to buy 10 BTC.
That is 100,000 BTC getting bought. Now that would be a heck of a rally! But highly unlikely.
Large players, just a handful, buy/sell 10K-100K of BTC at a whim.
So in summary.. nothing will happen until they decide it will happen. Last May though July is not
going to happen again.