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Don't panic. This is how the game is played, last year around march prices hit $265 and the mayor players sold a BTC in big chunks and made a lot of money, then
by newphoenix1 13y ago
Don't panic.
This is how the game is played, last year around march prices hit $265 and the mayor players sold a BTC in big chunks and made a lot of money, then there was a DDos attack on mt.gox price went down to around $75. This year new game that mt.gox announced that there is a problem in BTC transactional system. Prices starts to drop down, people in panicking sell low, BTC "whales" buy cheap, after that every thing is ok, BTC prices doing up and the process continues.
So the best thing to do is nothing, watch and enjoy the game and see how BTC will hit $2000 by august-2014.
Best wishes
- ScottWhigham 13y agoI think we all already know to wary of taking advice from newly created accounts (this is newphoenix1's first post also), but it's especially important to remember to be wary of taking advice from someone who feels like he/she knows what will happen to an open market. Naivete and hubris are not necessarily the characteristics you want to see in someone offering you financial advice...
- newphoenix1 13y agoWe will wait and see if my advice is worth something, and it is called an advice take it or leave it is up to the reader.