Post
Topic
Board Speculation
Topic OP
The Fleecing of Mt. Gox
by
AceOfWands
on 16/02/2014, 01:16:57 UTC
Anyone notice how the instant orders on Mt. Gox for this crisis have been almost exclusively sell orders? Watch your consoles. Even the green volume bars are mostly sells. The first sells were at a high price, and the price tanked. Now the price has bottomed out just above 300, and the sells can't drive it down any further but they don't stop coming. These bottom sellers are chasing the market, and they are being fleeced. Now the new floor is currently 370 or so, and the fleecing continues. Anyone else think it will be mostly up from here, with pauses here and there for more sell-lows? And then up from there again, for the most part, until we reach market or above? Coins are transferring into smarter hands, it looks like. Quite a show.