Post
Topic
Board Speculation
Re: Do you think there will be a massive dump this weekend ?
by
fcmatt
on 24/08/2012, 01:06:51 UTC
everyone rushed to get usd in this week.
they did not really buy much.

everyone is waiting for a drop in price. i would reckon people are patiently waiting
for the 7 range.

i do not think the price will go that low anymore unless pirate does something.

so if pirate does something that causes 100K of btc to be sold you will get your price
of 7.

but if the status quo currently keeps up and nothing happens... all the people sitting
with USD will eventually run out of patience and start buying. this will cause price
to creep up shortly.

based on what i see of pirate. he does not give a shit and will trickle out the bare minimum
of funds to keep people guessing. expect this weekend to be slightly lower to slightly higher.
basically tough to day trade.