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There's a lot of money sitting on the sidelines waiting for an entry point. The question is how low will the price go before it all starts piling in.



Also a lot of people who think its too high and were waiting for a sign it was time to take their profits and get out.


Well, either way, the next few hours should be interesting as the east coast wakes up and sees the headlines. Will they panic sell and push the price down further? Or will they notice that selloff at BTC-China exchange is over and see it as buying signal?


I tried logged into coinbase to sell my bitcoins after hearing the news and seeing the price dropping on btcchina. While I was doing this, coinbase's security sms messager took forever to come in, and because I sent in a request too many times coinbase blocked me out and said to try logging in again in 24 hours...

oh well, the price for the most part is recovered after the bump (here and in China) -- so I'm luck in some sense, BUT ... It's nice to know that if I ever needed to sell my btc in a jiffy coinbase will try to screw me...




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