Quote from: ThirdRenaissance on March 11, 2014, 11:41:19 PM

Quote from: Pajeu on March 11, 2014, 06:00:52 PM

Thanks.

I was wondering what could happen if all the Bitcoins stolen from Mt. Gox hit the market. Since the amount that vanished (I read it was close to half a billion USD) is quite large, the selling pressure is considerable. I´m surprised BTC USD exchange rate did not collapse even more. I do not own BTC, but if this move happens and the value drops to less than 100 USD or less, then this could be a very nice entry point. Not so sure if difficulty would fall as much so that mining could be a profitable proposition...

If you are looking to get into Bitcoin, waiting for 100 USD/BTC is very risky. Some people believe we have pretty much seen the bottom already, the usual fluctuations notwithstanding.

Agreed.

Having seen Bitcoin go from a few dollars to 18 and back in the matter of months, then the second run up and collapse a year later... To then only go up to 200, and eventually over 1000 before settling back it it's present price at 600, I must say it's a pretty resilient currency.

Trying to time this market is a no-go. Mine for the long term. If I could have back all the BTC I sold for $1, I would :-(