My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.
but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.
but then again, we might see 80 soon
but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.
but then again, we might see 80 soon
But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.
It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.
Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.
If you have to scare the fish, you are doing it wrong. The fish should just be doing what you want without them being aware
Indeed, a bubble collapses because new buyers diminish. Most of the trades from here to the bottom of the bubble will be the iterative transfer from weak hands to stronger hands. Hands become weak as fewer successive buyers prop up prices.
Do you think we are currently in a bubble? I think the $100 mark is psychologically important to a lot of investors/speculators/traders. I'd love to hear of someones Fibonacci analysis on this one.
