Gox price @ $305; More BTC to go down to 250 than to buy up to 350

Nemesis

sr. member

Activity: 462

Merit: 250

Quote from: Lollaskates on November 07, 2013, 09:27:37 AM

~10,500 BTC to get to $250
~8,800 BTC to buy up to $355

Still on the rise for awhile? The buy support is swelling. I expect a $500-600 pop myself, with a correction to mid 3's

go back to cleaning your room noobs

market orderbook.... lol idiot

navigator

sr. member

Activity: 362

Merit: 250

This is a foolish way to look at the market. It bears little meaning to anyone other than someone who wants to buy or sell that many at once. Walls pop up and go down all the time. If BTC were to jump from 300 to 500 today, you would see lots of BTC added to ask side. There is a huge unknown amount of USD and BTC sitting on the sidelines waiting. Do you remember those 20k BTC walls that were sold into long ago? Wasn't there 100k walls at one point? Those types of people can put coins up at any given time. Saying there is only so much BTC to a certain price is next to meaningless to the markets direction.

Lollaskates

sr. member

Activity: 249

Merit: 250

~10,500 BTC to get to $250
~8,800 BTC to buy up to $355

Still on the rise for awhile? The buy support is swelling. I expect a $500-600 pop myself, with a correction to mid 3's

Topic: Gox price @ $305; More BTC to go down to 250 than to buy up to 350 (Read 686 times)