Windjc is right, it takes a lot of money to raise btc price at this mkcap. And without A LOT of fresh fiat it is not very possible scenario. We better hope BTC adoption suddenly accelerates and creates a new hype. Its good that money is flowing into infrastructure and eco-system because without that btc has no sense except for speculation, and at least it is getting some positive news coverage.
Windjc is right, it takes a lot of money to raise btc price at this mkcap. And without A LOT of fresh fiat it is not very possible scenario. We better hope BTC adoption suddenly accelerates and creates a new hype. Its good that money is flowing into infrastructure and eco-system because without that btc has no sense except for speculation, and at least it is getting some positive news coverage.
I am a long-term bull but what you hope for is not enough. Adoption can take off all over the world but if it does not take off in China (and clearly this is what the Chinese government wants) then Houston, we have a problem! (Please see above posts for why I think this is the case)
Thats exactly my point because chinese were the ones putting most of fresh money.
In any market price is directly dependent to amount of money willing to enter the market.
Chartbuddy talks to himself.
BitStamp order book looks much nicer now
