Quote from: drawingthesun on June 27, 2014, 07:33:17 AM

Quote from: aminorex on June 27, 2014, 07:30:31 AM

Quote from: drawingthesun on June 27, 2014, 06:39:55 AM

Am I right in thinking that every time Monero goes lower than what we expect. It'll encourage the price to go even lower?

That's momentum and overshoot for you. It is a great day for buying xmr. I can assure you that they will not be buying back my monero at a discount. Only foolish losers ( and forced sellers ) would sell a single xmr at these levels. Bagholding failed pump&dumpers.

I'm just curious who does sell at these levels. It must be botnets right? The difficulty is too high for people to sell at this level.

It's the end of the month. People who have costs and are dependent of their mining revenue are selling. Same thing happened last month. Last time we went to 8 mBTC was 1 month ago. We hit 2 mBTC afterwards. Maybe we'll hit 2 mBTC too, who knows ? But good news are coming. We're nearly at the end of the given time for the GUI bounty. I think everything could turn around really fast.

I'll keep buying anyway...