Looks like the market manipulator is back. But for how long?

[Oldminer]

Its gonna be a great weekend for the Bitcoin show

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[Elwar]

Seems really shaky now, falling down to 9.29. However, I heard that there is a bitcion conference. I do not know anything about this, but these things sometimes causes mini-rallies.

So I would proceed with caution as there is a chance for a mini-rally before the price goes back lower.

So my recommendation would be to honestly sit out, get ready to sell during the peak of the mini-rally. If you want to gamble, maybe you could pick some up now to dump, but do not hold it for long.

I agree, I split my BTC and $ evenly and will wait and see.

[Edward50]

It finally cracked and fell to 8.45, currently there are no major bidwalls until $8.00. Very week bid demand could mean another fall very shortly. If the bitcoin conference is over a week away your better off waiting to buy lower than around $10.00

Most buyers are not stupid and will not buy higher than around $10.00. Many miners have been hording and are waiting to pounce on the right opportunity to dump their vast hoards of bitcoins. Pesonally, it is far too risky to be buying at the current high prices.

[grod]

You ain't kidding.  I've got over a week's worth mining ready sell on mtgox.  As bitcoin dropped to roughly Europe power costs to produce without even accounting for hardware depreciation & wear/tear I've pretty much moved to the "double or nothing" mindset for my mined coins.  I'm going long through mining quickly enough, so no need to buy on the market.  But I am ever so ready to take a dump onto any significant rally.

[BCEmporium]

Yes, there's "a manipulator" here: Edward50 

It's much cheaper to lower the market by giving sell advices and see how many does bite it.

[Coolhwip]

Edward50 can talk out of his ass. What a nice trick 

[Melbustus]

...The "it was a big manipulator" argument...


#we'veTalkedAboutThisBefore