Topic: Warning to europeans waking up!!! (Read 599 times)
Accord you may be right, but it is prudent to buy into dips, even if you expect a lower price. Why? Because there could always be news around the corner which could cause a reversal. Likely? No. But possible. Also, it's totally possible that many Chinese will decide to horde their coin instead of panic sell. After all, they can liquidate in a foreign exchange some years in the future if they think BTC will be a prudent long-term investment.
honey badger dont care.
You might be like "wow bitcoin is at $500 or maybe even 450..." DO NOT BUY. You are getting bull trapped here. This is what happened last night... btcchina major sell off, bitstamp major sell off, Gox approaching 500...
Here is the kicker-- the Chinese were selling coins for as low as 2600 cny, that is as low as $420 USD... All those coins are going right back to another exchange to be sold... yes, bitcoin is in a nasty bear market... beware
Here is the kicker-- the Chinese were selling coins for as low as 2600 cny, that is as low as $420 USD... All those coins are going right back to another exchange to be sold... yes, bitcoin is in a nasty bear market... beware
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