mmitech
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things you own end up owning you


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October 11, 2014, 07:55:37 PM

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

I have seen bigger and more market buys this last week than the previous 5 months combined.

Such a big increase in volume is a pretty good trend reversal indicator.

The FIAT volume is almost the same, maybe slightly higher but in general it is not huge, for example when we traded at 6xx and we had 5K-15K BTC volume, it is the same like having 10K-30K BTC volume at this range, simply $1000 buys more today than it did 3 months back.

You need to inject more money, and I am not impressed because we went to a half of what we were at 3 months ago and almost 4 times less than ATH, yet people are not buying crazy like I would expect...these are additional signs beside this chart: