Post
Topic
Board Beginners & Help
Re: Call the btc price at the Mt Gox re-open here!
by
bitconic
on 12/04/2013, 00:43:56 UTC
I'm expecting the price on MtGox to go at least down to $50 , likely lower. Sell-offs are always sharper than rallies in this market , and the value of bitcoin is unfortunately way too dependant on the smooth operation of MtGox. As long as the exchanges are not back to running as normal you can expect sellers to outpower buyers by a large amount, it will probably take at least a couple more days.