Bitcoin Forum

HUGE sell wall at over 22k coins. How low do you think the price will go?

Tomorrow morning could be a great time to buy some cheap BTC

Bitcoin always does the opposite of what the mass market think it seems, everyone is starting to think its going down so i'd bet on it going up soon.  Weak hands being shaken.

While that may be true, it's going to be a while before it goes up. That's a tall wall, if it stays.

putting up a wall like that is just to scare the price down, the whale has no intention of selling 30k bitcoin like that else they would do it quietly at likely higher prices.

In trading betting against the market sentiment is very risky because there are more possibility to lose the trade than to win in near term. Unless you are a long-term investors and are believing the potential of bitcoin.

I dont think its going up just yet but not long off.  $266 bubble took everyone by surprise and so did the $1200 china bubble. it seems to happen right when the majority least expect it.  Now the market seems to be doubting another bubble so i think we'll see another bubble pretty soon ish.

Ive been reading posts for the last 6 months saying it will go up. Really no one knows.

first week of october 2013(last year)
price was $125, went down to below 100.. then boom rise to 1200 before christmas. first of october is a new financial year for americans. thus now thy have their taxes sorted they can buy in again for a fresh start :D

No.  Most americans and most companies do not elect for a different fiscal year, following the Jan-December calendar year for taxes.  The federal government uses a fiscal year of Oct-Sep, but very few companies use that (April - March is the 2nd most common, behind Jan - Dec).

i might be corrected then..
as many contact i have, sold out in september to make their accounting favorable for tax for the end of the financial year (sept 30th), and are now buying back in due to new financial year(oct 1st). the paperwork on the other hand does not have to be submitted yet.

i double checked if what they had to say was even half right
http://en.wikipedia.org/wiki/Fiscal_year#United_States

AND HERE WE GO....DOWN DOWN DOWN

And supported by good buying again at just under the 300 levels
I agree that this could be a fab time to add some coins

My thinking as well.
Just paid all my bills for Oct., have some extra playing money so bought a few BTC's and a few more Hashlets.
 :)

(And if BTC goes down more, I'll pick up a few more... :P)

You are correct, most companies that work for/with the Federal government have their fiscal years start Oct. 1. I work for government contracting companies and that has always been my fiscal year. Being overseas you probably have more exposure to these types of companies than those not connected to the government.

$250！or more less.