Mtgox exchange in free fall $$$$

[MKW2012]

I'm looking for at least a test of $10. I would be a buyer if it holds that level.

[1715271368]

1715271368

[Tango88]

i thought with difficulty rising, the price should rise as well? Why it's dropping?

[MKW2012]

Well the last two days we've saw the price drop on heavy volume. As long as theres panic selling I would stay out the way.

[Bitcoincrazy]

Well it's been all over the shop today currently $14

[zerokwel]

Come on IT'S been a fantastic DAY..

I love it when trading goes my way for once. Hoping it hits my lucky number.

being serious buying from bitcoin7 at13.50 and selling it as soon as I could at mtgox at 16+ for a quick turn around was the cherry on top today.

[V4Vendettas]

Lol congrats zerokwel 

Sadly I didnt get my funds into the exchange in time ah well that will teach me to leave a little pool ready in the future.

Was a vvvvv fast bounce back tho. Too good to be true ? or it it just going to yoyo all over the place for ages? Who knows.

[zerokwel]

aye its just a pity I could not get the funds back to bitcoin7 fast enuff. for another round of buy and sells.

I want It to go up in price tbh WAY up. but at this point I could not say which way its going to go. Best to have a little change ready in bitcoin and an exchange as you never know how its going to play out. and just have to be ready when it does

[btc_jumpnrl]

Mtgox has always been very jumpy. For now its fairly stable. Last month the trends were barely predictable. For now, margin and day trading isn't the way to go. Monitor the 5-day moving averages if your intent on trying to sell consistently. Otherwise keep glued to the ticker and wait for the sell off spikes. Then buy and resell when it goes back to normal. Theres been some consistent drops couple times a week lately. That's where you can make your money.

But always think twice before selling off. Currently there is NO downside to holding your current investments for later.

[thordain]

I'm still trying to reclaim my account, but I will be very interested to see where it goes.I bought at 16.50

[gazd3k]

It would be more fun trading if mtgox wasnt so damn slow, i feel like rage quitting ...