Peter Smith

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Last quote by Peter Smith

Once we broke through the nominal all-time high, liquidity dried up - no shorts, no sellers, which means a volatile little bubble formed quickly. We are seeing the effects of that now as it breaks. It's still fairly thin trading volume though, so who really knows where it goes next.feedback
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Jan 05 2017 Bitcoin
Peter Smith has been quoted 4 times. The two most recent articles where Peter Smith has been quoted are Bitcoin plummets over 23 percent after nearing all-time high as 'volatile little bubble' bursts and Bitcoin hits a 34-month high amid Chinese stock market volatility, yuan falls. Most recently, Peter Smith was quoted as having said, “Once we broke through the nominal all-time high, liquidity dried up – no shorts, no sellers, which means a volatile little bubble formed quickly. We are seeing the effects of that now. It's still fairly thin trading volume though. I expect the market will find a floor and stabilize somewhere in the $850 to $1,000 range, but we'll see.”.
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