Post
Topic
Board Mining support
Re: Mt. Gox drops to 20, reconsidering your mining rigs?
by
mistersaturn
on 10/06/2011, 21:36:56 UTC
in advance i apologize for my bad english. i'm not a native speaker.


there are quite a few things to be considered here and most people seem not to see this.
firstly: a market correction was more than necessary, cmon people 19$ per btc and 34$ per btc at the same difficulty, are you shitting me? please, start to think for a second.
secondly: there is no way to wire money to mtgox, it's weekend. weekend always means more fluctuation.
thirdly: maybe most important point. the chain reaction of selling. one starts, price drops, people get scared and sell, price drops even more.