Topic: Huge BTC april crash happening again? 343$ -> 285$ panic sell on btce (Read 706 times)
November 10, 2013, 10:41:43 AM
It's just a lot of people taking their profits and rebuying later when price settles again
November 10, 2013, 10:38:27 AM
I hope not
November 10, 2013, 10:09:59 AM
It's a correction after a huge rise in price.
November 10, 2013, 10:08:51 AM
It may or may not be a bubble, noone knows. I expect it not to go below 200$ though. If you sell at the right time, you can buy back in at the bottom of the bubble and profit later.
November 10, 2013, 09:44:52 AM
I agree with hamburgerhelper and I think we all expect these bubbles to happen from time to time.
November 10, 2013, 09:32:37 AM
Something tells me that most n00bs are not set up for arbitrage. I would just take the dip as a buying opportunity, or if it lasts longer (or dips deeper) as a chance to make back the coins you spent on your fancy new ASIC. GPU folks would likely turn off their rigs at current diff with dropping prices.
November 10, 2013, 08:46:35 AM
It's a Sunday, liquidity is low, chill, and use the arbitrage to your advantage.
November 10, 2013, 08:41:46 AM
probably will happen, but then again because of the amount of volume coming in now, it might be we only get a dip, it depends on what everyone else will think when the price finally drops a bit.
November 10, 2013, 08:40:36 AM
I hope it was mostly hoarders that freaked out. If so, nice that it happened. More coins in circulation, vibrant economy, + people have access, higher fees for miners and so on
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