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Title: The 2nd Pull Back, $100 drop in 24 hrs Post by: Viperbass on November 10, 2013, 05:24:33 AM We are now in the midst of a 2nd major pull back and like with all major pullbacks in history, they happen in a lot short space of time compared to the climbs, so we have a mini burst but I think
prices will be supported at $250. Obviously this is terrible news for miners who are throwing a lot of money into these rigs which are already looking at a net loss when I worked out the price at $310. I can see a lot of cancellatios inc if the prices continues to fall. Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: cp1 on November 10, 2013, 05:32:14 AM Miners look at btc return, not usd. Or at least they would if they were in it long term.
Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: Shallow on November 10, 2013, 05:42:44 AM Sell sell ;D
Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: AceCoin on November 10, 2013, 06:16:39 AM Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: unknownfame on November 10, 2013, 07:07:04 AM You guys think it will drop any further? I'm thinking of buying some bitcoins.
Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: greaterninja on November 10, 2013, 07:24:09 AM You guys think it will drop any further? I'm thinking of buying some bitcoins. China seems to have been the strongest buyer of bitcoin lately. I would wait a few hours and see if their demand picks back up on btcchina. If that does not happen, then yes I would wait for it to drop to the $100-$200 range. As a precaution I have sold 1/3 of the btc i hold because anything ~300 or above is a decent profit for myself and unfortunately I may have to move to San Francisco...so I need fiat. Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: Omikifuse on November 10, 2013, 09:23:03 AM $100 is just a minor correct, buy buy buy.....
Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: Kenshin on November 10, 2013, 09:27:20 AM It is climbing back up now. I wished I wake up a few hours earlier. I would have buy some bitcoin.
Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: realitycheck on November 10, 2013, 10:05:18 AM It will all be fine in the long run - unless you want to day trade, just sit tight for the long term gain.
Title: Re: The 2nd Pull Back, $100 drop in 24 hrs Post by: waltermot321 on November 10, 2013, 10:47:39 AM Miners look at btc return, not usd. Or at least they would if they were in it long term. Not 100% correct, you can buy ASIC with USD..... |