Nobitcoin (OP)
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Activity: 966
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In holiday we trust
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March 22, 2014, 09:03:37 AM |
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Wow I think it has dropped around $100 in the past days could this be a good / bad opportunity to buy?
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Hawker
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Activity: 1218
Merit: 1001
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March 22, 2014, 09:23:46 AM |
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It depends on the mtgox liquidator. If he is selling 200000 Bitcoin to pay off creditors, then the price will fall a lot further.
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raskul
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March 22, 2014, 09:26:04 AM |
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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.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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Nobitcoin (OP)
Legendary
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Activity: 966
Merit: 1000
In holiday we trust
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March 22, 2014, 09:26:46 AM |
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You recommend to buy now or wait?
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raskul
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March 22, 2014, 09:28:34 AM |
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what I do and what i recommend are often two different things
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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Remember remember the 5th of November
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Activity: 1862
Merit: 1011
Reverse engineer from time to time
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March 22, 2014, 09:31:23 AM |
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You recommend to buy now or wait?
I think wait is the most sensible choice. I bought at 670 and regret it a lot.
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BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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Rigon
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March 22, 2014, 09:39:43 AM |
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I think the 200k bitcoins is not yet sold. The market is just anticipating they would be selling the bitcoins.
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Evilish
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March 22, 2014, 09:46:41 AM |
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I hope it rises again in the next few days. Already lost too much money with BTC/LTC and other coins.
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raskul
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March 22, 2014, 09:49:47 AM |
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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....
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MrCrabs
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March 22, 2014, 09:59:43 AM |
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If you believe its going to be worth more in the future you should Buy NOW. Otherwise wait until it goes up in price.
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raskul
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March 22, 2014, 10:03:28 AM |
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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.
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FanEagle
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March 22, 2014, 10:04:45 AM |
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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.
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romerun
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Bitcoin is new, makes sense to hodl.
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March 22, 2014, 10:36:07 AM |
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Sellers have to be done selling before the next rally, by the end of May if price cycle history repeats
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raskul
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March 22, 2014, 10:38:23 AM |
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Sellers have to be done selling before the next rally, by the end of May if price cycle history repeats
christmas.
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anu
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Activity: 1218
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RepuX - Enterprise Blockchain Protocol
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March 22, 2014, 10:39:58 AM |
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It depends on the mtgox liquidator. If he is selling 200000 Bitcoin to pay off creditors, then the price will fall a lot further.
Did MtGox have creditors that are senior to depositors?
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raskul
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March 22, 2014, 10:40:31 AM |
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I think the 200k bitcoins is not yet sold. The market is just anticipating they would be selling the bitcoins.
markets are reactive, not proactive. you clearly have no idea.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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IamComrade
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March 22, 2014, 11:09:27 AM |
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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
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segeln
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March 22, 2014, 11:49:01 AM |
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It depends on the mtgox liquidator. If he is selling 200000 Bitcoin to pay off creditors, then the price will fall a lot further.
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
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syber
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March 22, 2014, 12:05:07 PM |
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It will be the 4th time it will hit $400 imo. Then its on its way up once mtgox is forgotten.
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UnDerDoG81
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March 22, 2014, 12:07:53 PM |
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Why should gox sell those 200k coins and pay their customers with money? Instead of giving them their coins back?
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