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


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November 20, 2015, 01:40:03 AM

I shorted, so it's bound to go up.

Despite reasonable volume the price change now is not that big. I did not short for a big price change. It seems there is quite a solid foundation for the price as it is, give or take 15 dollars or so.

Also the rampent FUD (edit: and other BS) surely means BTC will go up again pretty soon.

I agree with you that there is a general pressure, at the moment for prices to go up, but I cannot really agree with you that the current price is in any way stable.  At the moment, there is so much volume that should be a fairly strong indicator that it is taking quite a bit of effort to keep prices in the current range $320 to 340-ish.  Maybe volume will settle down, and this will become a stable range, but currently it seems quite far from stable and there remains considerable potential for explosive movements in either direction... with upwards seeming to have a slight edge, no?