Quote from: antimattercrusader on April 11, 2013, 05:46:05 PM

Quote from: Minor Miner on April 11, 2013, 05:35:45 PM

Quote from: Wuji on April 11, 2013, 05:34:01 PM

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You mean flash crash and then immediately back to +$200? Or you are saying that those who sold at 160btc will be queing up to buy like crazy at $123.40 (Gox last price)?

Why would anyone queue to buy at $123.40 when they can buy at $88 right now on another exchange?

No they CANNOT. Explain to me how I can buy 10,000 USD of bitcoin RIGHT NOW on any other exchange? You would have to have an account open with them AND have USD sitting in that account.

+1 If I could quickly get money anywhere selling, especially BTC-E etc, I would be on that like a fat kid on a cup cake.

Yeah, but I am a long term thinker. If I bought today and tomorrow the price fell, it doesn't matter. I'd buy more all the way to the floor, long term we will recover just like in 2011. By then I'll have amassed a nice collection of cheap coins.

Edit: I am mining on unmetered power as well, just gonna be banking those coins. I also don't invest more than I can reasonably afford to loose.