Quote from: simplydt on April 11, 2013, 02:32:45 PM

So the people who invested money they could lose at over $200, are definitely holding. This is going to create a bigger scarcity than before, as they won't sell up until bitcoin recovers its value. If you look at the asks vs bids graph now, there is plenty of bids but hardly any asks up to $160 http://bitcoincharts.com/markets/mtgoxUSD.html

I think if these holders can hold their resolve for a few days chances are the price will go back up. Thoughts?

PS.- I dont care if the price goes up or falls. I hold so little bitcoin its irrelevant, just fascinated by all the drama Cheesy

So the people more eager to buy did it even at 250 -or during the bull trap at 200-170. So now ther's scarcity of USD you could say...

Well, however... I'd wait before calling ANY amount of coins "irrelevant" Wink

Maybe not this time, but in a few years you could be glad you forgot a few bitcents in that wallet...