The sellwalls at 7,5k are really strong.
For instance: I don't understand why someone would put up a sell order of 100 BTC at exactly 7,5k just to hold the price down.
Does he realize that also his own coins will not rise in value if he keeps the price down?
For instance: I don't understand why someone would put up a sell order of 100 BTC at exactly 7,5k just to hold the price down.
Does he realize that also his own coins will not rise in value if he keeps the price down?
Bitcoin market will always be a little chaotic, because of the unknown.
For instance any drug dealer, who did tor market business during 2010-13 and got imprisoned for that, will probably have loads of coins left in cold wallets, waiting to be dumped. Autistic people, who live in their parents basements and have no conception of wealth, could now be bitcoin whales with a lot of weight on the market. That is why things don't often make logical sense here. Lots of people out there who are inexperienced in dealing with wealth.