JimboToronto
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September 09, 2014, 10:05:40 PM

This was a buy of one or at least only a few entities. So only they can get trapped on the current price level.

That's what I love about this place.

A decent dump by one or a few entities and it's the end of Bitcoin.

A decent buy by one or a few entities and it's moon train time.

 Cheesy

I said nothing about moon or trains! Please don't put words in my mouth.

Even breaking 500 would mean nothing more than breaking a very short term bear trend, and has a lot of potential for a bigger bull trap.

Sorry if you thought I was referring to you. It was more a reference to the person you were responding to.

I was actually agreeing with your assessment of the recent price spike as being the work of only one or a few entities.