Quote from: xmasdobo on October 23, 2014, 03:35:43 PM

Quote from: buttcoin on September 09, 2011, 06:38:12 PM

Quote from: GeniuSxBoY on September 09, 2011, 05:30:18 PM

Quote from: fcmatt on September 09, 2011, 05:23:56 PM

The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.

How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.

Why buy at $7 if you can buy at $5.25?
Why buy at $5.24 if you can buy at $4?
Why buy at $4 if you can buy at $3?
.
.
.
People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.

The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.

See, but no one wants in at $10. No one who's not in bitcoins now wants in at all.

There is no "big dog" to save you guys.

We'll there's people like me... if BTC goes to ridiculously low prices, it would be stupid to not get in relatively big to get a good chunk just IN CASE it explodes again. There is a lot of people like me willing to get in if it goes ridiculously low, just in case.

Also you must understand that the "ridiculous amounts of cash" these guys are talking about is like $100k

Ah the early days... When silly people didn't want in at overpriced $10 bitcoins...