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    Author Topic: Watching Tradehill prices closely...  (Read 7043 times)
    allinvain
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    June 25, 2011, 09:33:35 PM
     #41

    Starting to see some signs of a cash out on TH...

    I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed. Smiley


    I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.
    Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

    Lack of trust in the currency.  As of late, it increasingly appears that you have no recourse in the face of criminal activity.

    Nope, you sure don't. One mistake and your're fucked. But your only hope is that for the long term the amount you lose to fraudulent activity is far far smaller than the money you actually make. Law of averages and statistics will tear you a new one from time to time.


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