or BTC-E that is run by whothefuckknows*.
I thought btc-e was owned by http://www.mayzusfs.com/
Topic: Not seeing 620 again any time soon (and I hope I am wrong) - page 2. (Read 2217 times)
Really? Bitstamp volumes are extremely low and prices down just a few dollars. Seems like the market is waiting for some news or a cue of some sort. Could well drift further down but I'm not seeing it today.
IMHO There is not a hope we are going to see 620 any time soon. Monday 10AM Japan time a phone number will be very busy crushing hopes (or worse, giving false hopes and prolonging the agony) and making headlines that will possibly give the market an excuse for next drop.
Mr. American Joe Goxxed has suddenly discovered the risks of trusting some website with his coins and money (no matter how popular), and won't likely touch Stamp either, because it is another foreign exchange, or BTC-E that is run by whothefuckknows*.
Other selling forces are hodlers that bought above current price and are slowly losing hope. Oh, and bitcoin thieves (likely including MK himself).
OTOH thanks to the recent headlines, some people just awoke to the idea that bitcoin is worth shit. Bullish! Blockchain.info is at 1.3 million wallets and still growing. New waves of people will enter the game in time, maybe with a small sum on Coinbase, because whynot, but only when they will think the price is right. Everyone wants to catch the bottom and most people miss it, of course. My friends who do not have bitcoins say now they would buy at 100-300. So based on sampling their opinions I expect a painfully long bottom somewhere around 350.
I'll be a happy person if this post proves to be wrong because I hate long downward slides. I am facing my own fears and greed.
* Note: This is not a stance against anonymity. You can do what you want with your money as long as you accept responsibility for your potential losses.
Mr. American Joe Goxxed has suddenly discovered the risks of trusting some website with his coins and money (no matter how popular), and won't likely touch Stamp either, because it is another foreign exchange, or BTC-E that is run by whothefuckknows*.
Other selling forces are hodlers that bought above current price and are slowly losing hope. Oh, and bitcoin thieves (likely including MK himself).
OTOH thanks to the recent headlines, some people just awoke to the idea that bitcoin is worth shit. Bullish! Blockchain.info is at 1.3 million wallets and still growing. New waves of people will enter the game in time, maybe with a small sum on Coinbase, because whynot, but only when they will think the price is right. Everyone wants to catch the bottom and most people miss it, of course. My friends who do not have bitcoins say now they would buy at 100-300. So based on sampling their opinions I expect a painfully long bottom somewhere around 350.
I'll be a happy person if this post proves to be wrong because I hate long downward slides. I am facing my own fears and greed.
* Note: This is not a stance against anonymity. You can do what you want with your money as long as you accept responsibility for your potential losses.
Yep. exchanges been on fire all weekend long with people losing hope & cashing out.
The gox situation will limit panic selling, as people will be more apt to withdraw BTC to cold storage rather then keep them on the exchanges. Get in, get out, minimize your risk by keeping cash and coin off the exchanges.
What about traders? They need both btc and fiat at exchange in order to trade? Long tranfer time equal missed oportunity.
The gox situation will limit panic selling, as people will be more apt to withdraw BTC to cold storage rather then keep them on the exchanges. Get in, get out, minimize your risk by keeping cash and coin off the exchanges.
IMHO There is not a hope we are going to see 620 any time soon. Monday 10AM Japan time a phone number will be very busy crushing hopes (or worse, giving false hopes and prolonging the agony) and making headlines that will possibly give the market an excuse for next drop.
Mr. American Joe Goxxed has suddenly discovered the risks of trusting some website with his coins and money (no matter how popular), and won't likely touch Stamp either, because it is another foreign exchange, or BTC-E that is run by whothefuckknows*.
Other selling forces are hodlers that bought above current price and are slowly losing hope. Oh, and bitcoin thieves (likely including MK himself).
OTOH thanks to the recent headlines, some people just awoke to the idea that bitcoin is worth shit. Bullish! Blockchain.info is at 1.3 million wallets and still growing. New waves of people will enter the game in time, maybe with a small sum on Coinbase, because whynot, but only when they will think the price is right. Everyone wants to catch the bottom and most people miss it, of course. My friends who do not have bitcoins say now they would buy at 100-300. So based on sampling their opinions I expect a painfully long bottom somewhere around 350.
I'll be a happy person if this post proves to be wrong because I hate long downward slides. I am facing my own fears and greed.
* Note: This is not a stance against anonymity. You can do what you want with your money as long as you accept responsibility for your potential losses.
Mr. American Joe Goxxed has suddenly discovered the risks of trusting some website with his coins and money (no matter how popular), and won't likely touch Stamp either, because it is another foreign exchange, or BTC-E that is run by whothefuckknows*.
Other selling forces are hodlers that bought above current price and are slowly losing hope. Oh, and bitcoin thieves (likely including MK himself).
OTOH thanks to the recent headlines, some people just awoke to the idea that bitcoin is worth shit. Bullish! Blockchain.info is at 1.3 million wallets and still growing. New waves of people will enter the game in time, maybe with a small sum on Coinbase, because whynot, but only when they will think the price is right. Everyone wants to catch the bottom and most people miss it, of course. My friends who do not have bitcoins say now they would buy at 100-300. So based on sampling their opinions I expect a painfully long bottom somewhere around 350.
I'll be a happy person if this post proves to be wrong because I hate long downward slides. I am facing my own fears and greed.
* Note: This is not a stance against anonymity. You can do what you want with your money as long as you accept responsibility for your potential losses.
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