countdown to 02:00 Zulu, goxdump or no? - page 3.

EuroTrash

hero member

Activity: 728

Merit: 500

Quote from: wopwop on April 11, 2013, 02:02:14 PM

everyone will be buying because everyone thinks everyone is selling

I'd say:

1. quick selloff to whatever value the other exchanges will have stabilized at (consensus seems to be around 85$)
2. panic to below 50$
3. multiple price swings till a new equilibrium is found (likely to be not much below pre-Gox-reopen consensus)

If you're good at calling highs and lows, you'll profit from the swings.
Only a few hours to go.
Be ready for a hell of a ride.

Also Gox taking no fees for 48 hours means you'll be tempted to leave the fiat there at least during that time.

move_zig

member

Activity: 60

Merit: 10

The order book looks bullish. I think when trading resumes the price is going to recover quickly.

tempt

sr. member

Activity: 294

Merit: 262

I have sold everything at 197EUR and I am very lucky and had no clue the market would crash 2 hours after. I am still not buying back in, just because anything can happen right now. It could peak to 200 again, yes, but it wont stay there for more than a few minutes. People are scared, too much money in it, too many people have lost tens of thousands of dollars. They want their profit. So a higher price will make it bearable for them to get out with a smaller loss than to go down with bitcoin. I am afraid this will take some time to recover.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: zoinky on April 11, 2013, 02:07:17 PM

I never thought we'd see sub-$100 again this soon. And I doubt I'm the only one waiting to buy.

you are really cute when you are greedy

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

I never thought we'd see sub-$100 again this soon. And I doubt I'm the only one waiting to buy.

tutkarz

hero member

Activity: 546

Merit: 501

i hope price will be low because i have to buy coins to get my money from gox and say goodbye to them. I think many people will do it also.

antimattercrusader

sr. member

Activity: 308

Merit: 250

omgwtfbbq.

That is what will happen.

wopwop

sr. member

Activity: 252

Merit: 250

everyone will be buying because everyone thinks everyone is selling

jojo69

legendary

Activity: 3220

Merit: 4398

diamond-handed zealot

8 hours and counting

bitstamp 76
campbx 89
bct-e 86
bitfloor 92
virtex 115
btc24 65euro

jojo69

legendary

Activity: 3220

Merit: 4398

diamond-handed zealot

On the one hand a tumultuous rush for the exit seems inevitable, on the other alternative exchanges are gaining market share as fast as their servers can process new accounts and seem to have stabilized at a consensus valuation around $90/BTC.

I am starting to doubt that the great buying opportunity will even present itself.

Topic: countdown to 02:00 Zulu, goxdump or no? - page 3. (Read 3542 times)