Now this is what I call a Bearapocalypse.....which is made up of a series of events that seem likely to de-value BTC.
The full effect shall not be happening until all this week.I think we can pretty much preclude there won't be any major USD flowing into Gox soon and I wonder if this has anything to do with the Coinlab/Gox lawsuit that made the authorities look into this further?
I think we can obviously expect quite a bit of selling over the next few days.
Hate to say it but I agree. I think this shit that happened here recently is going to have the people who were ready to pull the trigger wait now on the sidelines.
Interesting next few days.....