Today has not been the best day for me. The guy I was gonna trade half a dozen bitcoins with suddenly dropped off the face of the earth, so now I'm stuck with useless fiat instead of cheap coins. Can't get it back on kraken until sometime next week because banks break on weekends (they really need to fix that bug).
[...]I guess he should hurry then! ... But probably he has a week or so before the price goes mental upwards.


Even though I sometimes get inklings about the short-term direction of price, I never feel very confident about my inklings until after I see it happen.
Therefore, I would not sell my bitcoins in the expectation to use that money to buy from someone who is 10% or so likely to flake (sure flakiness varies, but it is NOT a non-existent or even a low probable risk).
To be honest... there is no cataclysmic event happening soon. And from what it looks, the market is being duped.. So... they can't keep this up for much longer. But I guess the exchanges took enough profits from the stupid leverage gamblers.
But eh.. what do I know? .. I'm a simple man, doing plain right simple trades, that takes small percentages of profits.

Difficult to know how long they can keep dumping coins... and maybe get others to follow... ?