Willy2.0 was beaten down by the nervous miners who don't want to ride this train any longer.
But I still think that the next couple of weeks could be interesting for those who trade. I think that BTC can go to 800$ tops, because the amount of coins held by miners, who have worked with a loss and accumulated a very large pile over these months. I highly doubt that there will be a strong enough buying interest to push through this heavy pile. My prediction is that BTC will experience an avalanche like never seen before in the near future, when the market realizes that it can't sustain the heavy cost of mining.
Anyway, I'm glad that someone tried to stimulate the market, because it made trading BTC fun again. In the longer timeframe, my aim is to accumulate PPC instead.
But I still think that the next couple of weeks could be interesting for those who trade. I think that BTC can go to 800$ tops, because the amount of coins held by miners, who have worked with a loss and accumulated a very large pile over these months. I highly doubt that there will be a strong enough buying interest to push through this heavy pile. My prediction is that BTC will experience an avalanche like never seen before in the near future, when the market realizes that it can't sustain the heavy cost of mining.
Anyway, I'm glad that someone tried to stimulate the market, because it made trading BTC fun again. In the longer timeframe, my aim is to accumulate PPC instead.
What great humor that can be provide through this thread............ PPC... good luck with that..






PPC, woah, those were the times...


http://en.wikipedia.org/wiki/PowerPC_970