Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254354 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
JayJuanGee
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Activity: 1932
Merit: 1825


How much alt coin diversification is needed? 0%?


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May 31, 2016, 06:03:32 AM


During that price movement process of recent months and last week's breaking of the $470 resistance, the theory is either that: 1) the bears (sellers) are running out of coins to sell (and no one else really wants to sell when the price goes lower than $440), or that 2) the price is being manipulated by whales (large holders of coins)...

however, even though the volume did not pick up initially except to bring us from the $450s to $490s, the volume did pick up after that so the price battle ensued, and it really seems that we are not being manipulated by whales... and sellers are running out of coins...


in essence the theory of my first posting, demand exceeds supply.

You sound like a bubble.


For safety


Like I am about ready to pop?    That does not sound good.  I better go to my doc for a check-up.  I have been feeling a little bloated in recent days, but I thought that it may have been because I was eating too much salt.

 Undecided Embarrassed