Got no longs or shorts - just a spectator If your shorts are priced on MtGox you'll be happy Noticed bitcoin on MtGox is getting hammered but the other exchanges have only dropped slightly Is that massive differential finally closing ?
...or, before the next one: I see an asset bubble's second "hump" with sideways trading. Big valley might be ahead.
Same talk after each crash. Notice how each crash follows a massive run up? Sure it can go down, like anything no one knows where it's heading. Just read the older posts on this forum of people saying how it was all over at $70!! I guess I don't really care - at the end of the day each to their own and good on all the ones that make a dough out of it.
Where to? A: The belly of the Beast. The Council on Foreign Relations!!!! Gavin Andresen Live NOW Link: http://www.youtube.com/watch?v=BgFUAhz7h2U
....and that my perma-bull friends is how you make a shed full of $$$ shorting a bitcoin bubble. P.S. don't close those shorts yet.
Good call! I'll admit that Pattern looking very similar to the one after the last crash from $266. Will be interesting to see if it follows.
As I've previously stated, we 'should' go down to at least US$300 on this run... but I suspect probably lower.