Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker
by
NamelessOne
on 11/04/2013, 15:47:26 UTC
We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

Noob,

PPL have been selling btc to a very limited pool of fiat. Look at the market depth on MtGox. There are far more fiat to sustain price of 150.

My guess? as soon as MtGox open, those that bought cheap coins from other exchanges will dump their coins to strong hands on Gox and not moving an inch.


It's true, it will be a good buying opportunity, as are the dipping prices on other exchanges. Buy a couple there, sell them on mtgox into the strong hands that aren't panicing.