Bitcoin Forum

Economy => Speculation => Topic started by: sushi on November 10, 2013, 01:21:34 AM



Title: did Bitcoin Popp?
Post by: sushi on November 10, 2013, 01:21:34 AM
Bitcoin is coming down hard


Title: Re: did Bitcoin Popp?
Post by: crhys on November 10, 2013, 01:24:59 AM
No need to panic, will be back up in a few months :-)


Title: Re: did Bitcoin Popp?
Post by: Gab1159 on November 10, 2013, 01:28:12 AM
Or a couple of minutes? BTC-e bounced back +50$ in about a minute or so...hmmmm


Title: Re: did Bitcoin Popp?
Post by: crhys on November 10, 2013, 01:29:30 AM
Lets see what happens tomorrow, bet most investors don't even know its dropped $60 in the last hour or so.


Title: Re: did Bitcoin Popp?
Post by: Bitdrunk on November 10, 2013, 01:30:41 AM
Yes I think that was the pop we were all waiting for.  Now... everyone back on the rocket to da moon.  ;)


Title: Re: did Bitcoin Popp?
Post by: bbit on November 10, 2013, 01:47:47 AM
SEEEEEEEEEEEEEEEEEEEEELLLLLLL






THEN




BUYYYYYYYYYY BUY BUY!!!


Title: Re: did Bitcoin Popp?
Post by: Shallow on November 10, 2013, 02:03:11 AM
It's a slight dip. Move along.


Title: Re: did Bitcoin Popp?
Post by: franky1 on November 10, 2013, 02:19:24 AM
relax guys its the first week of the month... check out chart history.. well ill save you time each month the price tries to steadily rise and then does a silly large rise, followed by a drop and within a few minutes or days recovers to a new monthly high...

check out these dates for when the month's lowest price occured.
16-Apr $50
03-May $79
09-Jun $88
05-Jul $65
08-Aug $100
06-Sep $121
02-Oct $109

notice something.. they are all in the first week of the month. this is what i call the Salary week. where every hoarder decides its time to play around with their funds..

so relax, its never a death of the coin its just a couple days worth of adjustment which since april as always moved in an upward direction..


Title: Re: did Bitcoin Popp?
Post by: Rez on November 10, 2013, 02:28:12 AM
It's fun to watch the numbers, but seriously - unless you're shoving money into Bitcoin that you can't afford to lose, there's no point in freaking out. This is going to happen.


Title: Re: did Bitcoin Popp?
Post by: Taras on November 10, 2013, 02:33:35 AM
Yes I think that was the pop we were all waiting for.  Now... everyone back on the rocket to da moon.  ;)
We've been on the moon since it hit $20.


Title: Re: did Bitcoin Popp?
Post by: bitjoint on November 10, 2013, 02:46:25 AM
Bitcoin is coming down hard

Horrible dip, indeed. We're back to levels from... well... yesterday  ;D


Title: Re: did Bitcoin Popp?
Post by: EvilPanda on November 10, 2013, 03:01:36 AM
Bitcoin is coming down hard

Did you panic and sell?  Some people learn the hard way...


Title: Re: did Bitcoin Popp?
Post by: Xer0 on November 10, 2013, 03:05:22 AM
Bitcoin is coming down hard

Horrible dip, indeed. We're back to levels from... well... yesterday  ;D

http://s2.quickmeme.com/img/a7/a7708026cce5aafac25713e08db7a631a7f5b5ad158e3e8cab03ccb54c277b00.jpg
cant be overused  ;D


Title: Re: did Bitcoin Popp?
Post by: pera on November 10, 2013, 03:06:08 AM
Bitcoin is coming down hard

Did you panic and sell?  Some people learn the hard way...
So you didn't sell at 390?  :-*


Title: Re: did Bitcoin Popp?
Post by: hlynur on November 10, 2013, 03:14:12 AM
relax guys its the first week of the month... check out chart history.. well ill save you time each month the price tries to steadily rise and then does a silly large rise, followed by a drop and within a few minutes or days recovers to a new monthly high...

check out these dates for when the month's lowest price occured.
16-Apr $50
03-May $79
09-Jun $88
05-Jul $65
08-Aug $100
06-Sep $121
02-Oct $109

notice something.. they are all in the first week of the month. this is what i call the Salary week. where every hoarder decides its time to play around with their funds..

so relax, its never a death of the coin its just a couple days worth of adjustment which since april as always moved in an upward direction..

nice one, this should become a sticky  ;)


Title: Re: did Bitcoin Popp?
Post by: Hfleer on November 10, 2013, 03:15:39 AM
Looks like a correction after the huge price explosion, not sure if it corrects a bit lower or heads back up from here.  I am watching it closely though.


Title: Re: did Bitcoin Popp?
Post by: EvilPanda on November 10, 2013, 03:23:18 AM
Bitcoin is coming down hard

Did you panic and sell?  Some people learn the hard way...
So you didn't sell at 390?  :-*
Nope, I bought some more as it went down.  8)


Title: Re: did Bitcoin Popp?
Post by: pera on November 10, 2013, 03:53:10 AM
[...]
check out these dates for when the month's lowest price occured.
16-Apr $50
03-May $79
09-Jun $88
05-Jul $65
08-Aug $100
06-Sep $121
02-Oct $109
[...]

As a new bear I love this table, I will print it and put it on my desk :)


Title: Re: did Bitcoin Popp?
Post by: mgio on November 10, 2013, 03:56:35 AM
So angry. Today was the 1 year anniversary from when I first bought bitcoins. So TOMORROW is the day I could sell and pay long term capital gains instead of short.

All week I was praying it wouldn't crash,

Just my damn luck that it crashes before then!


Title: Re: did Bitcoin Popp?
Post by: bitwhizz on November 10, 2013, 03:59:49 AM
[...]
check out these dates for when the month's lowest price occured.
16-Apr $50
03-May $79
09-Jun $88
05-Jul $65
08-Aug $100
06-Sep $121
02-Oct $109
[...]

As a new bear I love this table, I will print it and put it on my desk :)

+1


Title: Re: did Bitcoin Popp?
Post by: unknownfame on November 10, 2013, 04:04:16 AM
It's $296 on BTC-E right now! Great for buyers :)


Title: Re: did Bitcoin Popp?
Post by: pera on November 10, 2013, 04:14:03 AM
It's $296 on BTC-E right now! Great for buyers :)
Do you wanna know what is great for buyers? $140


Title: Re: did Bitcoin Popp?
Post by: pand70 on November 10, 2013, 04:15:31 AM
Stamp crashed harder than everyone else. And Europe was sleeping


Title: Re: did Bitcoin Popp?
Post by: sbryant31 on November 10, 2013, 04:32:52 AM
Flash crash. Read: pirate

Read: silkroad "crash"

buy


Title: Re: did Bitcoin Popp?
Post by: antimattercrusader on November 10, 2013, 04:57:25 AM
http://static.tvtropes.org/pmwiki/pub/images/Bear_Trap_7423.jpg


Title: Re: did Bitcoin Popp?
Post by: freequant on November 10, 2013, 05:03:59 AM
Don't panic, it's only money.


Title: Re: did Bitcoin Popp?
Post by: antimattercrusader on November 10, 2013, 06:37:01 PM
Don't panic, it's only money.

+1

Money that you should not have invested if you cannot afford to lose it. Just chill out and hold, 10 minutes or 1 year it'll be back.

Emotional/panic selling will get your to the poor house FAST.