MELY... as predicted, Bitcoin put in a Double Bottom @ approx. the $400 level. BABA investors wanted a quick flip & when that didnt happen, they moved back into their Bitcoin position (hence the 10% movement as of late.
I bet Brett gets the $15 million financing within the next 3 weeks (or reenters negotiations w/ the institutional investor), because Bitcoin pps is showing stabilization.....
360spyder1 Friday, 09/19/14 02:46:09 PM
Re: petem44 post# 32302
Post # of 32978
MELY.... I'll address it for you..... "Members of the bitcoin community are pointing fingers at the e-commerce giant's IPO, suggesting that tech-minded China-centric money is being pulled out of the currency in order to get into Alibaba's first day of trading".
finance.yahoo.com/news/bitcoin-tanks-alibaba-blame-152132863.html
Since ALL Retail $BABA Investors are making no money whatsoever on their investment, they will pile back into BTC. Bitcoin chart looks as though it put in a double bottom @ $400ish level....
All $BABA Retail investors were looking for a $68-$75 pps & a quick flip... but when it gapped open to $93.50.... only investment groups (Allocated w/ shares, prior to IPO) & insiders, made any $ today....
