Post
Topic
Board Speculation
Re: the long hard stairway to heaven?
by
morkai421
on 24/08/2012, 11:58:57 UTC
Can this stairway be fake ? Does it represent actual btc ? If I had 10.000 and placed multiple ask, which one would be shown on the wall ?


If this wall/stairway is real, then a rally seems difficult.
I suspect lots of USD sits on mtgox, waiting for an hypothetical sizeable drop in price secondary to a panic sell. What could cause this panic sell ? A large dump. If this dump is a speculation move (trying to bring the price down to buy low), it could be  risky for the one doing it, because lots of people are waiting for an opportunity to buy low too.
It could be a dump from people wanting out of the bitcoin wold for various reason. I doubt it, but feel free to correct me.