Quote from: BTC Economist on June 21, 2011, 04:48:07 PM

Quote from: UniverseMan on June 21, 2011, 04:21:33 PM

Quote from: BTC Economist on June 21, 2011, 04:02:31 PM

Right now we are seeing sellers on Tradehill hang in there trying to get $13-$15. Once Mt. Gox opens, we're going to see a rush to Tradehill and vigorous selling will commence. I think we'll settle around $7-$8 after the dust has settled.

I wonder who is buying right now at ~$14? It's not like the sell orders are just sitting, they're being fulfilled. If anyone wants to snap up cheap coins, just wait until Mt.Gox opens back up. So why buy now?

I've been wondering this as well, but we have to keep in mind many bitcoin holders are more versed in technology than investing.

Really? There will be a 24 hour notice period before MtGox's exchange opens, so everyone should be able to redo their buy/sell orders before trading recommences. Since the old orders won't be extant, why would there be "cheap coins" available?

I think the current tradehill price is reflective of the current market price if mtgox was still open.