Post
Topic
Board Speculation
Re: Who predicts Bitcoins will drop below $10 ? Who is planning to buy, if it does?
by
whitemist
on 18/07/2011, 20:50:43 UTC
If you have been around stocks and currency trading you will know these things come in waves. Things go way way up and they peak, they then sell at that peak and the wave goes down. Right now, people are selling and it will stay like this for a month or less and then it will pick backup. People who don't understand get scared and sell and those smart kiddies wait and hold on to it and the price will spike back up. The world is not ending, bitcoin is following the norm, stop worrying.

i'll start picking backup at about 6 or 7. The only time this would all fail is if people sell and then walk away and not come back.