Post
Topic
Board Speculation
Re: Bitcoin Technical Analysis
by
tomcollins
on 21/05/2011, 01:01:59 UTC
I'm hoping a slide down to 5$, hopefully even 4$, but not much more than that.

You intend to snap up some coins at that price range?

So what does everyone think is the strongest reason for this massive selloff?

Increased difficulty means miners need to sell more to cover cost, and my guess is some major buyers are not buying anymore (already got their investment).