Another theory about why there is so little resistance to the current climb:
1) many of the largest bitcoin holders were criminals and/or money launderers; and
2) ^ have been scared away from the major exchanges due to regulation and government actions over the summer.
Haven't actually thought about this but I think it must be pretty spot on. A lot of early adopters (miners) sold their coin during the early days and a lot of criminals kept accumulating wealth and not spend it on themselves, but resupply, etc.. Now due to the crackdown on SR they aren't moving a finger.
Wouldn't be surprised if now a lot of the btc that used to be for sale (by criminals) are off the market for a while.
going down....
I'll give you $290, even though it rebounded. I don't think we'll see $1xx on Mt. Gox again, ever.
Just like people said they won't see <150 in April?
Not sure we are going to get much lower than the april high if at all.
New money on monday will hit. People have been looking to buy.
Lots of pm s asking me if i will sell to them. I say no.
Chooooo choooooo
Can you be more obvious?
