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Author Topic: just hit 8 on mtgox  (Read 2009 times)
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August 06, 2011, 06:17:28 PM

The runup to $30 was primarily caused by demand of speculation that it could go to $100. I've yet to see the true demand, maybe by money laundary, drug dealers?

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August 06, 2011, 08:04:39 PM

Just fell below $8. Next wall is at $7.5.

Interestingly, there are plenty of buyers in the market today.  This isn't the usual low-cash weekend situation. But the buyers are mostly bidding around $7 to $7.5.

I stand by my "long, slow slide" prediction. It's a post-bubble situation.
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August 06, 2011, 10:43:40 PM

7.4 now.
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