Quote from: humanitee on January 10, 2014, 07:36:06 PM

Quote from: Tzupy on January 10, 2014, 07:18:48 PM

Quote from: MatTheCat on January 10, 2014, 06:45:37 PM

Aren't you freaking out?
That is 124000 USD more worth of probable coldstored Bitcoins that are heading straight for cash out on exchange!

You are correct, but the uber-bulls don't get it. The current price is sustained largely by hoarding, keeping the ask sum and coin sales
low on the exchanges. Overstock and other merchants have to sell the coins for fiat immediately, this is bearish news.
They probably won't sell on Gox, because of the withdrawal issues, but Bitstamp may see more seller pressure.

LOL

+1