Bitcoin Forum

AAPL -10%
NFLX -16%
IXIC -8%
DJI -4%
BHP -8%
BRK.B -6%
BP -7%

Better sell *everything* and buy buttcoins.

http://www.cnbc.com/2015/08/24/wall-street-prepped-for-meltdown-as-futures-plunge.html

U.S. stock index futures screamed lower on Monday, with Dow futures tumbling more than 700 points, as fears surrounding the health of China's economy multiplied.

The New York Stock Exchange is invoking Rule 48 for the Monday stock market open, Dow Jones reported.

The rule allows NYSE to open stocks without indications. "It was set up for situations like this," said Art Hogan, chief market strategist at Wunderich Securities. It was last used in the financial crisis.

The Dow futures held about 700 points lower, with the S&P futures off about 80 points, and the Nasdaq 100 futures off about 5 percent, which marks the lower end of the price limit.

The major averages are on track for one of their worst opens since the financial crisis of 2008.

Buttcoin ?

Aren't you sir the OP of the $560K spike ?!

Did you lose faith that easily in BITCOIN ?!

Hahaha lol buttcoins.
I will never burn my money that easily.
But I am selling my things and also buying coins but not buttcoins.

the panic is real :D

The best thing to do is to sell now and buy when the crash happens. That is what warren buffet did.  Rinse and repeat and boom you will become rich.

[prediction] Next spike $560,000 14 months from now -- by master investor sgbett
https://bitcointalk.org/index.php?topic=800330.0

Still laughing at this one...

/innocentface

You don't think BTC's high volatility will continue?

He's still got until November 27 for the price to spike at $560,000 per Bitcoin, though in retrospect it did seem like a slightly over optimistic prediction. To be fair he couldn't account for the Gavin coin effect on the price as Gavin coin didn't officially exist until recently.

It wasn't a prediction of price. He even ended the OP with the words: "Once again the figures aren't right, its the magnitude of the moves you might have to go through that is the message." This is a prediction of volatility (it'll continue to be high, in his view).

Well, it's not much of a prediction to state that bitcoin is going to remain volatile. That's like predicting that the dow jones will undergo a major correction over the next 10 years or that a major bitcoin exchange will be hacked in 2016. Bitcoin is an unregulated currency and is volatile by nature, so excuse me if I'm not impressed.

And if it's not about price, then why give the thread a sensationalist title like he did? I could also say that bitcoin will be $10,000 or $100,000 or even $1 million by the end of the year, *if* a certain set of circumstances set into play. But it's not going to happen, so who cares?

Wait -

You still laughing about it? 'cause it kinda sounds like you were laughing about something you hadn't read, and you got caught out again.

there is actually an altcoin named buttcoin if i am not mistaken :D

This picture explains everything on how the stock market. lollll.

Its better to sell all those shares to eventually be a 1% of a bigger money transmitter that`ll be used in a technical way eventually.

Well at this point that alt coin name stands for bitcoins value right now...

Its on a super down trend right now, and what most people hate to see.

Haha good one!

 :D
I can't stop laughing. It seems that this girl tried to be cute and helpful. But she lost her fight with the latin alphabet.

You and me both.

It's times like these one backs up the truck! Hello, Localbitcoins....

Aquaponics..... Investing in your own food supply is always a win.. ALWAYS.