Post
Topic
Board Mining support
Re: Mt. Gox drops to 20, reconsidering your mining rigs?
by
Jack of Diamonds
on 10/06/2011, 21:38:32 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.

Finally someone with common sense. And your English is fine.