Post
Topic
Board Speculation
Re: RALLY!
by
proudhon
on 20/08/2012, 02:49:43 UTC
i was able to get ~440 BTC @ $8.  wanted to get more at that price, but the market rose too fast....

Same Smiley Good Price

I'm being totally serious.  If this isn't making you worried, then you haven't payed enough attention to the way this market behaves.



Just days ago there was a little over 60,000 BTCs on the sell side.  Total.  Now there are ~200,000 BTCs to $15.  It would take almost 2.5 million dollars to get back to where we just were days ago, assuming a single giant buy.  AND, the number of bitcoins that has suddenly appeared on MtGox doesn't represent the additional hundreds of thousands that will be entering the market throughout the week, assuming pirate actually makes good on his claim to cover everyone's deposits.  In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins.  To say that supply has increased a lot is a laughable understatement, even now, and considering what's coming this looks worse than it did in the lead up to the crash to $2.