Post
Topic
Board Beginners & Help
Re: Will Bitcoin Reach $10,000 One Day?
by
willpower101
on 04/12/2013, 20:25:21 UTC
BTC star crashing last night but this morning gone up again seem that 1k is the for now until christmas and new year then it can go higher maybe 1.5k

The price means nothing. 1k means nothing if someone sells 1000btc price will go down 100$. Stop looking at price alone and start checking market depth.

Nah man trade volume is to high, nee much more than 1000 btc to crash the market like that.

Someone need sell 5300BTC and it drop from 1190$ to 1060$.
You can look at it yourself here http://bitcoinity.org/markets/mtgox/USD

This was useful. Thanks!

The amount of off the cuff speculation in these threads scares me.