Quote from: viperjbm on September 09, 2011, 06:55:52 PM

Quote from: hightax on September 09, 2011, 06:50:26 PM

What do you mean? There's another fake bid wall at $4 now.

ya that is where prices will likely become stable... for a while... it's a big bid wall, but there really isn't much above it.

Actually, taking into account that bitcoincharts isn't showing ANY activity <$4 I have a suspicion that it's not a wall at all, but rather the sum total of all holder who simply don't believe it will drop below $4.

*edit* wait, wait, no. It's a wall:
$4.00 BTC:3461 (3) $73616

Two of those orders are 20BTC and 10BTC accordingly, leaving one giant wall of ~$73k. So unless somebody's foolish enough to actually want to spend $73k I'd bet that wall will disappear just like all the other ones did.