What are the long term consequence of the lack of bitcoin offer on the excanges?

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: cedivad on March 19, 2013, 11:05:19 AM

Isn't it logic to except to see massive dumps from people that bought < 10$?

I bought a good deal of my position under $10 (though my avg is above). Not selling at $100 unless something significant changes in the bitcoin ecosystem to negatively affect my long-term view.

blackreplica

full member

Activity: 224

Merit: 100

OP you could be right but something tells me there arent as many guys who are early adopters compared to the rest

yokosan

hero member

Activity: 700

Merit: 500

Quote from: cedivad on March 19, 2013, 11:05:19 AM

30'000 BTC to buy to hit 100$. That's "bruscolini", something tiny.
Short term, we will hit 100$.
What will happen after?

Isn't it logic to except to see massive dumps from people that bought < 10$?

Logic? Yes. Every buy involves a sell.

You say it will sell for $100, which means people will also buy at that price.

cedivad

legendary

Activity: 1176

Merit: 1001

30'000 BTC to buy to hit 100$. That's "bruscolini", something tiny.
Short term, we will hit 100$.
What will happen after?

Isn't it logic to except to see massive dumps from people that bought < 10$?

Topic: What are the long term consequence of the lack of bitcoin offer on the excanges? (Read 676 times)