DrewR

No big buys on horizon (correction of previous chart)

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
274 2 0
On my prior chart regarding big buys coming soon, I believe I had the time frame wrong. When looking at a bigger timespan, we can see big buyers (whales) have already got back in.

I believe one of the great things about BTC is the ability to predict buys based on previous sales. Generally with normal securities/commodities/etc., if you sell, you may flip your money into a different one that may be performing better. However, with BTC most traders stay within the BTC circle as there really is not an easy way to move money without significant delay; at least that is what I think.
Diabolicus
3 years ago
What if the whales who bought 09-11 already sold again in smaller chunks to avoid slippage?
Reply
DrewR Diabolicus
3 years ago
They have not because the volume is not there. You can see that by loading additional information on this chart.
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