Quote from: chesthing on February 16, 2014, 08:08:23 PM

Quote from: fcmatt on February 16, 2014, 07:25:46 PM

700+ after mtgox allows withdraws then down to 600 area again after some mtgox users sell... Then settle in the 600-700 range for a few weeks. After that i have no idea.

I think that's unrealistically optimistic, even if gox survives this. I think Matt and others who expect $380ish soon are much closer. I'm buying in at $400, come what may. If it doesn't get there oh well, I was wrong.

I am betting mtgox will turn on btc withdrawing and you will see the biggest spike in mtgox history in a matter of a few hours. This will spill over to other exchanges. Bring them up past 700. Short term traders will take profits hammering it back down to 600 area. That is where we will settle in again. Higher then 600 and lower then 700.

The market is following mtgox's craziness down.. and will follow it right on up. The trouble is that mtgox is so goofy that could be this week or next month. Who knows how this will play out the longer it takes them. I just think people will regret selling btc for less then 675-700 over the short term. Short term being when mtgox fixes their crap.