Bitcoin Forum

Bitcoin => Press => Topic started by: neutrinox on November 10, 2013, 07:27:53 PM



Title: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: neutrinox on November 10, 2013, 07:27:53 PM
As expected many newspapers waited for the correction to shout "crash" instead of writing about the huge upswing we experienced:

http://www.businessinsider.com/bitcoin-crashes-nearly-25-2013-11


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: User705 on November 10, 2013, 07:29:39 PM
No news is bad news for bitcoin.  People see crash down to $300 and realize last time they saw it was crash down to $100.


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: PumpkinCoin on November 10, 2013, 07:33:24 PM
It "crashed" down to what it was two days ago....  BTC is done, over, kaput....  my BTC "evaporated" upwards like $10k in the last few weeks. 


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: ShadowOfHarbringer on November 10, 2013, 07:38:04 PM
Yeah that crash was terrible ! OMG ! Bitcoin is definately doomed !

I suggest everybody sell their Bitcoins to me immediately for $50 each. I will fix your Bitcoin problems !


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: Missionary on November 10, 2013, 07:38:16 PM
Not even going to waste my time with a headline like this. Thx for posting.


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: knight22 on November 10, 2013, 07:41:27 PM
Not even going to waste my time with a headline like this. Thx for posting.

lol this even not an "article". It is just a chart with no explanation. This guy is probably the laziest journalist around  :D


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: Raoul Duke on November 10, 2013, 07:46:59 PM
For a reason they're called Business Insider and not Bitcoin Insider.


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: n8rwJeTt8TrrLKPa55eU on November 10, 2013, 08:13:35 PM
It "crashed" down to what it was two days ago....  BTC is done, over, kaput....  my BTC "evaporated" upwards like $10k in the last few weeks.  

I wish every month we'd have crashes where the ending balance is 100% higher than where it started.


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: odolvlobo on November 10, 2013, 09:19:37 PM
It is funny that the chart in the article does not even show a crash. The article says "crashed to $300", but the chart shows a rise to $300.


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: Pumpkin on November 10, 2013, 09:37:25 PM
No news is bad news for bitcoin.  People see crash down to $300 and realize last time they saw it was crash down to $100.
This exactly! I tell people how great bitcoins is. I explain the fundaments. They are intrigued, but don't want to invest. They usually know the price.

Bitcoin "crashes" to a value above what they remember. They have the motivation they needed to think about the fundamentals, what bitcoin is, what it could be :)



Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: justusranvier on November 10, 2013, 09:42:13 PM
25% daily swings in the price of Bitcoin are normal.

It's happened at every price level, from sub-$1 to almost $400.


Title: Re: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%
Post by: LiteCoinGuy on November 10, 2013, 10:27:19 PM
i dont even noticed that "crash". its a normal day with BTC  :D