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January 15, 2015, 02:34:38 AM |
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Hi Guys,
Since I chose to invest in bitcoin I have seen it fall, other than one peak from 275 to about 440 however the underlying principles have not changed and my confidence hasnt changed.
In the last few days I have listened to a plethora of doom slayers saying its going to drop to ZERO and its a fad.
I find this funny as it is so in its infancy its unreal.
My major concern over the last few week was a real lack of trading leading to a slow decline followed by some panic.
Finally I have watched, when BITSTAMP hit 160 a trading turnaround equating to about 8,000 BTC changing hands for over 2 hours and the price rise, and rise and rise.
This is what I have been waiting for, finally some trading activity because until we see VOLUME then we will not see confidence.
Bulls are bliund and struggle to see. Rather pointless standing in the middle of the ring and pulling out a small red hanky and waving it... If you want to entice a Bull to run then you need a "Feking;' great big red blanket and wave it like mad.
I just caught a glimpse of it this evening.. Lets hope it continues and all those traders now revert their FIAT back to BTC and drive it skyward.
If you are a pessimistic troll pleae explain 20,000 btc in 2.5 hours and 45 point rise if its dead!!!!! and no dead cat bounce because thats just an excuse and not applicaple to something new in the dawn of its life... They dont say Dead KITTEN bounce, do they!!!!!
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