Post
Topic
Board Economics
Re: When do you expect and when do you want BTC to go over 30 bucks again?
by
imperi
on 24/06/2011, 19:44:33 UTC
Once Mt. Gox opens, a lot of people will either sell their bitcoins, cashout, or make a withdrawal transfer. We're looking at a 50% withdrawal rate on the first day of opening. And then when that happens, you can forget the 30 bucks per share (btc). The result of too many people selling coins will be deflate bitcoin selling price. Not to mention the 56% rise of difficulty.

Let's rock!



I feel kind of bad for you... there is no way you could compete with others in this market with such faulty logic. I would advise you to only invest for the long term, and stay away from short-term trading.