Post
Topic
Board Speculation
Re: Should someone who bought in at $150 sell and cut their losses NOW or hold?
by
drawingthesun
on 16/04/2013, 14:10:23 UTC
Looking at the broader view, there's really a tremendous amount of support building up around $10 that can protect against single digits.  That's probably a lot of the institutional money placing itself visibly on the sideline in order to watch this play out a little while longer.  As MtGox builds confidence around improving their backend, that money will feel more confident about getting back in the pool.   It'll probably take some time, but I think there's a good chance this gets repaired.

When you say support do you mean large buy walls at $10?