Topic: How low will BTC/$ drop over the Thanksgiving weekend? - page 2. (Read 3269 times)
it will
Short squeeze
Gonna have to go quite a bit higher than 25 cents for a short squeeze.
It won't.
Short squeeze
Gonna have to go quite a bit higher than 25 cents for a short squeeze.
Funny, seems to have dropped all the way to $2.4 at the moment 
Short squeeze
SUCKERS!
I guess I'm just shocked that anyone is still trying to deposit money into Bitcoin. Mine for coins? Sure. Speculate for more coins? Yup. Sell off coins for money to pay bills? That too. Put money into coins as an investment? You've got steel ones, bud.
It's a fair bit cheaper to buy right now than mine. If instead you put what you would've spent on electric for the month towards buying, you'll end up with more BTC than that month worth of mining. Plus it helps the economy!
I don't think it will drop below $2 - but if it did - then it would probably go all the way down to $1.
How about a "doesn't drop" option? Or drops to $2.15? I don't believe in any of the options right now.
+1 
I guess I'm just shocked that anyone is still trying to deposit money into Bitcoin. Mine for coins? Sure. Speculate for more coins? Yup. Sell off coins for money to pay bills? That too. Put money into coins as an investment? You've got steel ones, bud.
It's a fair bit cheaper to buy right now than mine. If instead you put what you would've spent on electric for the month towards buying, you'll end up with more BTC than that month worth of mining. Plus it helps the economy!
How about a "doesn't drop" option? Or drops to $2.15? I don't believe in any of the options right now.
I guess I'm just shocked that anyone is still trying to deposit money into Bitcoin. Mine for coins? Sure. Speculate for more coins? Yup. Sell off coins for money to pay bills? That too. Put money into coins as an investment? You've got steel ones, bud.
It dropped quite a but over 4th of July weekend, Labor Day weekend and even over Columbus Day weekend.
Those were 3 day weekends.
With Thanksgiving, it will be 4 days with no deposits.
Those were 3 day weekends.
With Thanksgiving, it will be 4 days with no deposits.
Does this indicate that most Bitcoin buyers are in the States? Granted, we are talking about USD/BTC, but is it that all of the deposits/trades from other countries combined isn't enough to keep the price from falling when US buyers can't deposit/trade?
I'm not a bull by any means, but I wanted to vote for $2.50 (or at least "it won't drop appreciably").
It's difficult to say, I think that will be decided in the next following hours. I did choose 1.75 because that is the furthest I think it could fall now, it might not go down at all.
I voted $1.75 and that is my very bearish assessment, if the holiday drop history repeats itself.
But my more hopeful assessment, based on the last week and looking at MT Goxmarket depth , I see steady in-range trading in the $2.20 to 2.40 range over the holiday weekend. A much deserved stability, fingers crossed, knock on wood...
My 2 BTCs,
SJ
But my more hopeful assessment, based on the last week and looking at MT Goxmarket depth , I see steady in-range trading in the $2.20 to 2.40 range over the holiday weekend. A much deserved stability, fingers crossed, knock on wood...
My 2 BTCs,
SJ
I am far from a bear and want Bitcoin to shoot up to $100/BTC but have seen time and time again that on long holiday weekends when people cannot get deposits into their Dwolla accounts until the following Monday, the price drops throughout the long weekend, further than an average weekend.
It dropped quite a but over 4th of July weekend, Labor Day weekend and even over Columbus Day weekend.
Those were 3 day weekends.
With Thanksgiving, it will be 4 days with no deposits.
How low do you think Bitcoin will fall?
It dropped quite a but over 4th of July weekend, Labor Day weekend and even over Columbus Day weekend.
Those were 3 day weekends.
With Thanksgiving, it will be 4 days with no deposits.
How low do you think Bitcoin will fall?
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