There’s going to be one hellava selloff at $10,000 per Bitcoin.
Of course, the order book is merely the whole collection of open orders that have yet to be filled, and as such, can change rapidly. The green area represents the bids (limit orders to buy at a certain price) and the red area represents the asks (limit orders to sell at a certain price). It’s the steepness and magnitude of the sell orders right at 10K, juxtaposed with the very smooth linearity of the bids going all the way down. So, hopefully a selloff so that people can get in at better prices as they wait for the $15k and $20K hurdles as Bitcoin makes up for both dollars and gold in terms of revolutionizing money back to its natural deflationary realm after being ruined by state mandated inflation for so long.
I myself have a limit order to buy more Bitcoin at $8,001.01.
In other news, the portfolio is still doing great.
That’s a 52.5% gain on $3,000 spread over 3 months of investing. In other words, not all in early September, but a few hundred a week over the period of time from then until now, meaning 1/3 of it went into the market just in the last month. I have two coins out of my 39 positions that hit 300% and 350% green this morning. I entered these two positions on October 10, so about seven weeks ago.
Also, out of my 39 positions, exactly 4 of them are in the red, the worst being 30%. The worst of the greens is 8%.
I’m tellin’ ya. It’s easy to get started, so that once you go and hit the learn curve, you can dance on the beach like Tom Hanks.
UPDATE: Well, that was a bust of a prediction, so far. Now at $11,000 this morning…