JayJuanGee
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How much alt coin diversification is needed? 0%?


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May 18, 2014, 10:28:14 PM

So I am puzzled by this calm, I can't understand what those Chinese sellers are waiting for.  

The nature of Bitcoin - once you sell it, you can't sell it again.

After 6 months of selling, no more coins in the sellers' hands.

Volume down.

Next: UP. No other way is even possible.

When: Don't know exactly, but 650 by the end of June is a possibility. Top could be in August-September.

Maybe.. but usually No Demand is a sign of a top. I'd like to see a monthly high volume up thrust.

I tend to agree with Rpietila, here.  The markets seem to be running out of people willing to sell BTC at the current price.  A very large majority of those who wanted to sell have already sold at prices - higher than the current price point.

To suggest that there is a lack of demand based on an overall lack of volume seems to be a misreading of the current state of affairs.

If you knew the current state of affairs for the
chart of bitcoin you would be the richest and smartest man on earth. I think you lack understanding on price. Anyways like I said technically no demand is bearish.. we need that tl to break with high volume as an upthrust.



You are suggesting that without volume BTC prices are going to continue to go down, and I do NOT believe that it is a given that BTC prices are going to continue to go down from here... even absent additional volume.   

Maybe you are more enlightened than me; however, I doubt that you are so much more enlightened as to proclaim that I "lack understanding of price."