Bitcoin Forum

Wow I think it has dropped around $100 in the past days could this be a good / bad opportunity to buy?

It depends on the mtgox liquidator.  If he is selling 200000 Bitcoin to pay off creditors, then the price will fall a lot further. 

It's not just gox coins... with massive farms continually loading volume to exchanges, we won't see another up till block halving. doom gloom doom gloom.  :D

You recommend to buy now or wait?

what I do and what i recommend are often two different things  ;D

I think wait is the most sensible choice. I bought at 670 and regret it a lot.

I think the 200k bitcoins is not yet sold. The market is just anticipating they would be selling the bitcoins.

I hope it rises again in the next few days. Already lost too much money with BTC/LTC and other coins. :-[

hope is a fake concept, I see the current trend continuing at least through the summer. remember bitcoin is a long haul, it was designed to be like that so don't expect to be able to command your income with it's volatility. if you can't stand the heat....

 ::)

If you believe its going to be worth more in the future you should Buy NOW.
Otherwise wait until it goes up in price.
 :-\

it is a remarkable thing, folks tend to make their buy orders after a drop, in my opinion, you should always buy; on the way down.
commodities aren't really designed for lunch-box joes. if you are trading stocks, you should always think that it's a long term investment, and DON'T SPEND ANY MORE THAN YOU CAN AFFORD TO LOSE.

As I wrote somewhere else, I see an incoming freefall for Bitcoin, maybe to go low as 200/300 dollars.
Then, after a month, it will go back to 600.

Sellers have to be done selling before the next rally, by the end of May if price cycle history repeats

christmas.

Did MtGox have creditors that are senior to depositors?

markets are reactive, not proactive. you clearly have no idea.

I Bought fractions on the way down will sell on the next upswing.

Cosmofly predicted this way in advance and I thank him for it otherwise I would've bought at $700 like most people here were saying buy

the Liquidator can not sell right now since the suit is in evolving.Also there is a Bankruptcy protection for the customers .After the jurisdiction is made the process of distribuiting the funds is possible

It will be the 4th time it will hit $400 imo.
Then its on its way up once mtgox is forgotten.

Why should gox sell those 200k coins and pay their customers with money? Instead of giving them their coins back?

I buy a fixed usd amount of BTC every week, so I get more
 if the price is lower, and that is a good thing if you believe
like I do that a single satoshi will match 1 usd within 20 years (Sooner if China demands debt payment).
So that being said invest only what you can afford to loose.

Crash the Bitcoin price to nothing, use that price to calculate debt -> all debt paid. And something left for the lawyers and MK.

Well wow, thats really evil. So yeah, you are right, Gox gonna do that.

That's a bit harsh. I'm sure a lot of people are scared to buy right now with question marks attached to 100k's of coins out there.

MtGox has bitcoin and cash debts, so some bitcoins will have to be sold to cover the missing money.  It's possible MtGox will have another 'oops, we found some cash down the back of the couch!' moment but I wouldn't count on it.

the current trend has little, or nothing to do with gox.

there shoul be more newcomers who are selling BTC right away it is mined, it will change when diff rises and they will stay smarter.

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