Quote from: Macho on October 06, 2011, 10:18:17 AM

... so no, unless the fundamentals change (bitcoin starts to be actually useful and used because of that as a currency) then the downward spiral will continue until such change or the final death of bitcoin.

Quote from: zby on October 06, 2011, 11:02:09 AM

Quote from: Cluster2k on October 06, 2011, 10:01:38 AM

That mountain of bids at $4.47 and $4.45 right now looks rather impressive. Someone with a lot of cash doesn't want bitcoins to fall much further (than they already have). They really put a floor underneath the falling market. Will it hold?

Or maybe some early adopter is trying to sell off the rest of his stash?

If you sell into this wall and he was serious - it bounces and you are the sucker.

If you buy his last stash of bitcoins and he pulls that floor from under your feet - bitcoin crashes and you are the sucker.

Risky business.

+1 for both of you