Bitcoin Forum

What do you guys feel the price of the bitcoin will be by Friday? What are you going to do once MTGOX opens... You cashing out? Or are you going to get the trading on?


" I'm going to keep trading"

Sell, sell, sell.... I'm gonna sell btc, and... sell dollars. BTC first. Probavly I could buy something...

Im going to wait to see if there are wild swings. Maybe to jump in.

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You think will see the Bitcoin go over $20.00 again? I hope so. We need to start selling our coins for more money to compete with the difficulty to make it balance.

.. buy bitcoins using mt gox.. i heart for them..

SELL SELL SELL!!
BUY BUY BUY!!

Right now we are seeing sellers on Tradehill hang in there trying to get $13-$15.  Once Mt. Gox opens, we're going to see a rush to Tradehill and vigorous selling will commence.  I think we'll settle around $7-$8 after the dust has settled.

Your forgetting SR buyers who have been unable to buy anything in a week due to SR outages followed by this mess. Their funds are all tied up in Mt Gox.

SR buyers provide a strong demand because they don't care what the exchange rate is.. they aren't using it as a commodity to day trade like a lot of people on this forum..

I wonder who is buying right now at ~$14? It's not like the sell orders are just sitting, they're being fulfilled. If anyone wants to snap up cheap coins, just wait until Mt.Gox opens back up. So why buy now?

Most sellers on SR put up by USD amount, and the BTC amount changes in accordance with the exchange rate.

Probably get cheap coins.  :D

uh yeah.. that was exactly my point. They don't care if a BTC is $.01 or $100. The prices are locked to USD and they are going to exchange and spend 20 minutes later.

I've been wondering this as well, but we have to keep in mind many bitcoin holders are more versed in technology than investing.  

If the BTC comes down to like 5 to 6.. then I'd buy buy buy buy buy.  I'm sure the btc will go back up to 15 to 18. 

Really?  There will be a 24 hour notice period before MtGox's exchange opens, so everyone should be able to redo their buy/sell orders before trading recommences.  Since the old orders won't be extant, why would there be "cheap coins" available?

I think the current tradehill price is reflective of the current market price if mtgox was still open.

If the coin stays at $18.00 dollars im happy with that. Im worried with this difficulty level though. We need to drive the price of the coin up  to balance the difficulty.

What am I going to do?  Watch the bloodbath. 

BTC will go down substantially, get a pop upwards (as the speculators, i.e. fools) buy back in "cheap" only to see demand is gone and try to unwind their positions thus pushing BTC down even further.

Markets are built on CONFIDENCE.  There is none right now and until we see some, you'd be a fool to buy.

Thus the beauty of the market itself, that should work itself out with people gaining and losing the whole way.

Wish forlornly that I had not purchased at $17.50 approximately 4 hours before the incident with no remaining funds in Mt Gox remaining to buy into what looks like some panic selling that will occur :-)

Good luck to Mark and Mt Gox. When compared to a wide variety of current security breaches amongst traditional companies or institutions, I believe they have handled it professionally and honestly.

buy more coins! :)

i want to buy 50 bitcoins for investment. next week difficulty will grow.

Exchanges have been up the entire time. People should stop treating MtGox like "the exchange". Otherwise the value of bitcoins is tied to MtGox which clearly isn't good.

But if yoi compare the trading volumes MtGox is "the exchange"

As far as I'm concerned the problems at Mt.Gox have nothing to do with bitcoin. I still believe it is a viable monetary system with a big future. Of course I'm going to continue using it.

The fact that professional thieves are targeting BTC shows they believe in it's value also. And this is just the beginning. Right now the risk/reward ratio for stealing bitcoins is very favorable if you are a criminal. They are easy to steal, it is easy to get away with stealing, and it is doubtful that the police will come after you.
These problems are being addressed and BTC will become much more secure in the future. When it does the price will likely go way up again.
I'm planning on buying as soon as trading begins again. I hope to find some deals while everyone is unsure and offering low prices.

use a stop loss bot to sell and then manually rebuy when i see a low. then of course sell on the upswing.

since im so brand new i dont have any funds there yet, i wont be doing anything at all
but im gonna try and get money there and buy buy buy when it hits the low, wich i expect/hope to be somewhere around 3

I'm just gonna watch and see.

We're in the same boat.  I didn't have much USD in MtGox but what I did was shot at $17.00.  I accidentally sold my coins at about $15.75 then chased the price up to $17 when I finally caught it.  That was my max trade amount before pulling the funds.  About an hour after the trade the bottom fell out.  I'm glad I diversified to other exchanges but it hasn't been pretty anywhere else either.

Oh, and to answer the question at hand I intend to sell immediately then use the money in the account plus another injection from Dwolla to pick up on the way down.  I'll be targeting my orders between $0.01 and ~$5.00.  If it never recovers then I haven't lost more than the value of a long weekend in Vegas (market wide).  If it does then I'll come out a winner.  Either way it's a game and the only real difference between this and Vegas is MtGox doesn't give out free drinks.

Maybe they should start...

Best of luck to everyone in the market and those working to get MtGox back in business.

Watch the prices... I'm hoping for a drop, then buy.

THE BEST IS TO

SELL,  SELL,  SELL,  SELL,  SELL,  SELL,  SELL,  SELL,  SELL,  SELL, 

And wait for the market to correct

that's a winner's attitude! sell sell sell when the prices are down, and buy buy buy when they'r up again
solid plan!

Who are these SR buyers? And what are they spending BTC on?

I think I am going to buy some bitcoins and withdraw those. Then I will just stand back and watch what happens.

SELL! SELL! SELL! BUY! BUY! BUY!

Option1: switch the order
Option2: if the price is too low good bye ;-)
Option3: make a Stoploss @ 16,5$ , plus an pending ordner buy at 5$
Option3B: for insurace make a pending order sell at 1$ when finbonacci indicator is in position and the Pivot point indicates that action is needed xD

LOL nice finance nerd speak, i noticed that some forex users play Bitcoins xD