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Topic: Largest weekend discount so far :) - page 3. (Read 3856 times)

hero member
Activity: 616
Merit: 500
August 07, 2011, 01:28:05 AM
#9
I withdrew.
legendary
Activity: 1764
Merit: 1015
August 07, 2011, 01:25:22 AM
#8
Bill, it is possible, only one thing should happen to make the price 15 - everybody holding the USD now should start buying. Right now is the time when BTCs are changing hands from panicky kids to steelballed pros Smiley Of course, the price can go lower. Not much lower than now, though.

My estimate total BTCs sold on the way down was ~100,000, so that makes it 1 million in fiat money at average price $10 which are now in MtG. There are a little over 6,000 coins left for sale now on MtG, with a *total* price of 50k USD. If money start buying, demand would overwhelm supply.
I have a big feeling that money is leaving MtGox to peoples own bank accounts. I think people are fed up and done. Might follow its usual path of a spike followed by a bigger drop like a rubber ball going down wooden stairs.
Proof to backup your claim that people are withdrawing money?
legendary
Activity: 1176
Merit: 1010
Borsche
August 07, 2011, 01:25:08 AM
#7
Bill, have you looked at the BTC price history graph at all? Since the beginning of 2010. I urge you do so Smiley Right now is the 3rd "all is lost" region so far. You must understand that BTCs traded at MtGox are a tiny percentage of the whole project. Like 2-3%. Most people investing in BTCs are signing it off as lost money / keeping it away, and 2% are traded on MtG determining the price of the rest. People who withdraw are miners who need to pay for living. I personally never mined, and alot of people here as well - just invested some money in the high risk project to diversify.
member
Activity: 112
Merit: 10
August 07, 2011, 01:16:29 AM
#6
Bill, it is possible, only one thing should happen to make the price 15 - everybody holding the USD now should start buying. Right now is the time when BTCs are changing hands from panicky kids to steelballed pros Smiley Of course, the price can go lower. Not much lower than now, though.

My estimate total BTCs sold on the way down was ~100,000, so that makes it 1 million in fiat money at average price $10 which are now in MtG. There are a little over 6,000 coins left for sale now on MtG, with a *total* price of 50k USD. If money start buying, demand would overwhelm supply.
I have a big feeling that money is leaving MtGox to peoples own bank accounts. I think people are fed up and done. Might follow its usual path of a spike followed by a bigger drop like a rubber ball going down wooden stairs.
legendary
Activity: 1176
Merit: 1010
Borsche
August 07, 2011, 01:12:27 AM
#5
Bill, it is possible, only one thing should happen to make the price 15 - everybody holding the USD now should start buying. Right now is the time when BTCs are changing hands from panicky kids to steelballed pros Smiley Of course, the price can go lower. Not much lower than now, though.

My estimate total BTCs sold on the way down was ~100,000, so that makes it 1 million in fiat money at average price $10 which are now in MtG. There are a little over 6,000 coins left for sale now on MtG, with a *total* price of 50k USD. If money start buying, demand would overwhelm supply.
member
Activity: 112
Merit: 10
August 07, 2011, 01:09:20 AM
#4
So this has been the largest weekend dump in the history of bitcoins Smiley I'm sending more moneys in tomorrow, using little math skills you can figure that there's enough fiat now in MtGox to drive the price right back past 15...

Disclaimer - currently in BTCs bought in at ~8.

15 eh? uh huh... How many time have I heard something like this before.
He's right, and it CAN happen.
Theoretically it can yes... but very doubtful.
legendary
Activity: 1764
Merit: 1015
August 07, 2011, 01:00:49 AM
#3
So this has been the largest weekend dump in the history of bitcoins Smiley I'm sending more moneys in tomorrow, using little math skills you can figure that there's enough fiat now in MtGox to drive the price right back past 15...

Disclaimer - currently in BTCs bought in at ~8.

15 eh? uh huh... How many time have I heard something like this before.
He's right, and it CAN happen.
member
Activity: 112
Merit: 10
August 07, 2011, 01:00:09 AM
#2
So this has been the largest weekend dump in the history of bitcoins Smiley I'm sending more moneys in tomorrow, using little math skills you can figure that there's enough fiat now in MtGox to drive the price right back past 15...

Disclaimer - currently in BTCs bought in at ~8.

15 eh? uh huh... How many time have I heard something like this before.
legendary
Activity: 1176
Merit: 1010
Borsche
August 07, 2011, 12:58:03 AM
#1
So this has been the largest weekend dump in the history of bitcoins Smiley I'm sending more moneys in tomorrow, using little math skills you can figure that there's enough fiat now in MtGox to drive the price right back past 15...

Disclaimer - currently in BTCs bought in at ~8.
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