I'm also waiting for a drop. I cashed out my LTC and BTC on Friday on that belief, waiting to get back in later.
Crashing right now, watch it live: http://bitcoinwisdom.com/markets/mtgox/btcusd. All the best gentlemen.
That was really cool to watch in real time. I was scratching my head for a while thinking "huh? that was not much of a drop?....China has barely moved?" but that was kind of the point I guess. You must be glued to the charts to catch these things.
Boss - just curious. If you fetch a good price on ANX for you bitcoins, when you withdraw the fiat from that exchange and try to buy the bitcoins back at another exchange, wont you lose most of your gain due to wiring costs, etc?
That's not what I'm doing. Honestly - I'm not going to go into much in-depth explanation of my trading techniques, but it helps having a bullion dealer's perspective when trading the stuff. Treat em like ounces.
Bitcoin works differently than a typical currency and prolly those commodity asset bubble schemes don't work on it either! I'm suprised to see the wicked moves up and down. How the Bitcoin is playing around with out emotions... I don't know how much forex applies to Bitcoin. You also have to watch the BTC China prices and the MtGox prices, compare with BTC-e. Differences are quite big.
Never thought I'd see the day when you'd be trading non-physical stuff. Can all the Paper Pansies start calling you a Virtual Violet? :lol:
Do shares count as non-physical? End game whether it's gold or bitcoins is a family home. Means to ends.
Do you know if one can buy BTC from BTC-E? The spread is nice between some of the main exchanges or is this a route bad for US customers due to KYC and AML regulations? thanks!
