what do you mean, "these low prices will not stand"?
The price is quickly bought up after every dump only to face another minor one. Sale after sale, the price remains resilient. We all know where the price ought to be.
We can deny it in the face of a greater fantasy, however: Cheap Bitcoins.
yes the market has been really bullish lately
and that's because we saw a 1/4 million dollar wall get sold into at 6.50
since then its been clear someone ( or a group of people ) is trying to buy ALOT of bitcoin.
the market realized this and the price kept shooting up as he bought out every trigger we left
Just b4 he put up a 1/2 million dollar wall at 9.00ish
price is rising as a reaction to someone trying to buy a lot, that is all.
if this guy still wants to buy more it will go higher,
once hes done buying.... price is going to go back down to about 7 - 8I welcome you to the speculation forum and hope to see you here again!