Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
thoughtfan
on 08/05/2013, 13:31:32 UTC
Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

Excellent, it's people with this mentality that we need to see shorting if such confidence in their belief is actually reflected in their positions.  This should help stablise prices as people get caught in a credit squeeze and have to bail out of their positions.

Bring it on Smiley