Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
PSA: A correction now, even a big temporary sell-off, would be totally normal.
That's not saying we'll get one, but don't panic if it happens. The "DON'T PANIC" posts during a mini-crash may fall on deaf ears because they look desperate. They aren't; it is a fact that markets don't move in straight lines. Don't be a weak hand. Besides being generally cowardly, it is very expensive to your financial wellbeing.
We now return to our regularly scheduled rally
That's not saying we'll get one, but don't panic if it happens. The "DON'T PANIC" posts during a mini-crash may fall on deaf ears because they look desperate. They aren't; it is a fact that markets don't move in straight lines. Don't be a weak hand. Besides being generally cowardly, it is very expensive to your financial wellbeing.
We now return to our regularly scheduled rally
less than 20000 btc left on gox... where is that sell of gonna come from...
Indeed. It's possible, even somewhat likely, that Second Market soaked up all the coins weeks ago and we're now feeling the coin drought. Add that to the China tinderbox and BOOM. I expect continued rally, I just want to preemptively warn people that corrections are normal and healthy, sky isn't falling if the price dives one day, etc.
I wonder how recent 266 bubble affected people. Are they now not scared by bubbles any more and even if someone will dump lets say 100k bitcoins at once we will recover really fast? I'm not going to do anything when price will drop hard. Maybe will buy some more if i will have cash ready. But what others will do.