Bitcoin Forum

▼ 148.40 and falling fast

http://i36.tinypic.com/15x649d.jpg

Here we go! See you all sub-100!

Are you crazy?

That is a crash?

The VWAP (24hr) is ~$152.  Not sure a 2.6% move off the average is a "crash" in any market much less Bitcoin.

how fast is fast...

making 6% bitcoins in 10 min thats fast and thats what you could've done in the drop and rise.

nah... look at the 7day chart, this drop is nothing.

good god man just cuz you sold doesn't mean that you got to shout to the world every time it dips ten bucks. I know you did everything perfect and bout and sold so amazingly that its beyond belief and we all wish we were you but seriously quit trying to manipulate the markets in the noob section and making them sell.  Ive seen WAY FASTER growth than three hour drop of six bucks. haha plezzzz. its gone up twenty in an hour before.


HEY EVERYONE NIKOLATESLA SOLD AT 132 AND AS HE SAW IT GO UP TO 160 HE WAS KICKING HIM SELF, NOW THAT ITS AT 150 HE IS USING FUD TO GET IT DOWN BELOW 132 SO HE CAN BUY YOUR CHEEP COINS. HOLD HOLD AND BUY MORE!!! MAKE IT 200 SO HE WILL HAVE A BRUISE FROM HOW MUCH HE IS KICKING HIM SELF. HAHA

Not really a crash. Litecoin is rising so Bitcoin hoarders decided to get some dollars to buy more litecoins. It's called hedge, isn't it?

If this is a crash then that pimple on your arse is Mount McKinley.

You really have no idea what DeathAndTaxes business model is, do you?

That's the whole message you start 2 new threads for? https://bitcointalk.org/index.php?topic=187638.0;topicseen

These pointless crash / rally / Pop and you guess it threads are annoying enough. But at least keep them where they belong: https://bitcointalk.org/index.php?board=17.0

Start 1 thread when you have a real message.

After what we've seen recently, this is hardly a noticeable change in price... :)

This is not a crash just a slight downward movement which is normal percentage wise. I do hope we see upward trend again on Friday, another steep correction means more lost confidence on the short-term, we need the confidence to remain, another big crash won't be good for bitcoin.

@NikolaTesla: Your intentions are obvious, good luck with that but please stop posting multiple threads.

Fake!

this

It seems that NikolaTesla is just another victim of bear trap  :-\

MY BAD I MESSED UP, IT WAS ANOTHER USER.

again this!!!!

Looks like he wasn't wrong, now at $125 and sinking fast.

Hope it keeps going down until my new funds arrive ;D

sorry man i called it....a bear trap. shot up fast after that dip. but who knows where to next....

yea it crashed.

yes it was a good drop there. I sold all of mine at about 150 and bought back at 125 and sold again at 137....nice little daytrade. I'm not buying anymor back until it drop or price stabilizes and starts another uptrend.

I know some people to buy and hold but that doesn't make sense to me to hold and watch it drop from 230 to 50.  Of course not everyone can watch it all the time but I would have had that ticker in front of me when it was above 200.

Wild speculation but: there's a striking similarity between the last month's crash and this:

http://www.stockpickssystem.com/wp-content/uploads/2011/03/1929-stock-market-crash-stock-chart-djia.gif

We are now at around 1938 :P

Bitcoin likes to jump around I would hardly call that a CRASH, the instability is not a huge deal. I think Bitcoin will never drop below $100USD again if that low for sure never $90. The market is just getting to big and there are way to many people in it for it to go that low. Of course there are going to be huge drops and huge up swings you just need to ride the waves at the right time and not be greedy?

I had fun. It's like an amusement park up in here.

Interesting points of view here... Any new predictions now?  ::)

Very very interesting...  ;D

this might sound crazy from a bull like me but i bet we see another dip to 133.00 in the next hour.

I know thats a bold statement but hey you gotta keep an open mined  ;)

Sold at 141 and set buy orders ranging from 122-135 sure hope it dips again so I can buy back in!

Looks like you're out of luck unfortunately.

 :-\ oh well I guess I'll just sit back and watch with my fiat for now

No more cheapcoins ? :p

DVC stills very cheap at vircurex.com  :P

I think it's all the bots fighting, bitcoin is a testground for wall street bot wrtiers on their off time

Why you didnt post this in Speculation section?

Seriously, after reading the title I thougt something interesting happened today, and just saw a small dip...

what if?

多分ね。。。

hmmmm author trying to create panic and somehow profit from it by posting in newbie thread ;)?

I dont think there are enough supply here to actually create a panic...

agree  8)

I saw this coming...

Still, it could be interesting to see if it had any results.

Whats causing this crash? Mt. gox isnt getting another ddos attack and people aren't really panicking. So are people just taking profits or are they really buying LTC?

I think once too many people sell, everyone FREAKS OUT and sells

Most of us would not be daytrading with out "REAL money" but it's so fun to do with "coins" we think we can play market just like the wall street guys :)

Why do people call it a crash? It's technically not a crash until it hits 0. Everyone knows that BitCoin is highly volatile. Not sure how I feel about it not going below $90, I could see it happening.. I think the floor right now is still $50ish. The market still feels very bearish. We might be testing $110 even today...if it breaks though $110 who know how low it can go after that. *I am not an expert investor. Please do not take my statement as anything more than thinking out-loud.

For the exact same reason every other market crashes? Bubbles are part of human psychology. Also the exact same reason we went from $5 to $266 then back to $50. I'm still bullish long-term, but this correction was natural at this point.

BTW there was never a "DDoS attack", just a buttload of traffic caused by market fervor. They even said as much here:
https://mtgox.com/press_release_20130411.html

So far this is following the 2011 playbook exactly. Slow buildup, sudden explosion to the top, crash, sharp rebound and suckers rally, then crash again. The next part would be a slow decline over several months, then slowly regaining a bull market. Note however that we NEVER reached as low as the pre-bubble values - meaning that the after-bubble lows were still much higher than the pre-bubble lows. I think this will be the case again this time.

It also has to do with the amount of bots being used... A lot of bots use a "stop-loss" system where if they see the trend is going down, they will sell everything. So you get tons of bots selling and crashing the market.

Still waiting for the fall...
Have buy orders at $110 but keep taking them down again to let my $60 order stand.
Long term I'm a bull but just don't have enough BTC (in my dreams BTC1000 is the magic number), so need to speculate a little.

I think it's easy to read when BTC prices go up too fast. It jumped to $160 fairly rapidly. My guess is, day traders made their profit for the day. Started selling, price starts to drop. People start posting CRASH. Fear starts to spread, more people sell. Prices drop more. More posts of CRASH CRASH CRASH. Prices drop from people selling. THen eventually the day traders and investors see, BUY OPPORTUNITY. BUY BUY BUY. prices go up. Beautiful correction. All is well for another day. I'm just ranting. Have a good day fellow BTC investors.

I believe we will see 160$ this week for bitcoins and 5$ for LTC...If LTC were trade on MTGOX, we will reach 20$ easily

BTC will spiral and climb, i am surprised now by how stable it has been recently...

My personal opinion is that none of the cryptocurrencies other than Bitcoin are being taken seriously enough by a high enough percentage of their users in order to last. I recently converted the few LTC I mined to BTC and am waiting for them to return to their normal price. Then maybe I'll buy a couple more.

I'm pretty sure that's what most people are doing with LTC and other smaller currencies.

I don't understand why people are still amazed by this. Just have balls of steel and follow the market. I had 1 bitcoin i mined on BTC-e and turned it into 3.5 by just day trading for 2 days. That was last week, but anyways, you can pretty much see how the market is going to react when it has been pumped for some hours.