i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....
Same
Good PriceI'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.
what if a big holder of BTC's, i know some, decide they want even more BTC. they put up huge ask walls they never intend to sell just to scare the living bejeezus out of guys like you then scoop them up at prices like $7-10? that's what i'd call accumulation.
The odds of that happening seem quite a bit lower to me than the odds of the price going down much, much further since, unlike your hypothetical case, the number of bitcoins being thrown up for sale on MtGox has in fact gone up by almost 4x in the past few days and the odds are pretty good that hundreds of thousands more will make their way into the market throughout the week. Maybe there are a few deep pockets out there who want to own a lot of bitcoins, but you'd need some pretty deep pockets to buy right now in the face of what's likely headed this way.
well, all i can say is RALLY TIME! price back over $10 and heading higher!
It's going to bounce around as people who sold buy back thinking they're doing it at the bottom. I'm saying, I don't think most of people playing in the market realize that there's a storm headed this way and it's even bigger than the one that already passed through.
Indeed there is a possibility of a storm brewing. If you are playing the market, then you have to read the market trends and see sentiment and resistance.
However the supply / demand may flip in an instant because of market conditions as you had said.