Bitcoin Forum

Economy => Speculation => Topic started by: Frost on November 23, 2013, 12:19:05 PM



Title: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Frost on November 23, 2013, 12:19:05 PM
Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: bitcon on November 23, 2013, 12:28:36 PM
shouldnt this be
in
speculation?


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Frost on November 23, 2013, 12:29:36 PM
shouldnt this be
in
speculation?

You might be right.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Robbert BTC on November 23, 2013, 12:49:46 PM
Haha it will never lose 95.4% of its value in 24 hours, sorry I lolled.

It might drop, but never that much. If it does? I'll bet 30% of my investing money on it immediately and go for some nice risk/reward.

I know that this is post is probably created for some nice discussion material but if you're being sirious: "haha" is the only thing I can say :P.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Frost on November 23, 2013, 12:55:31 PM
Haha it will never lose 95.4% of its value in 24 hours, sorry I lolled.

It might drop, but never that much. If it does? I'll bet 30% of my investing money on it immediately and go for some nice risk/reward.

I know that this is post is probably created for some nice discussion material but if you're being sirious: "haha" is the only thing I can say :P.

Yea I make jokes here but...
I saw a powerdive a few months ago so that I do not think it is unrealistic.. I cant remember but I think it went down from 300 usd to 40 or so a few months ago?


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Okurkabinladin on November 23, 2013, 02:19:53 PM
Haha it will never lose 95.4% of its value in 24 hours, sorry I lolled.

It might drop, but never that much. If it does? I'll bet 30% of my investing money on it immediately and go for some nice risk/reward.

I know that this is post is probably created for some nice discussion material but if you're being sirious: "haha" is the only thing I can say :P.

Yea I make jokes here but...
I saw a powerdive a few months ago so that I do not think it is unrealistic.. I cant remember but I think it went down from 300 usd to 40 or so a few months ago?

Bitcoin lost 80% of its value in april. But it took eight days of free fall, not one hour  ;)


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: mvidetto on November 23, 2013, 03:16:01 PM
There are sell signals after that $60 selloff so not entirely impossible.  But, yeah down to $600 is more likely.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: windjc on November 23, 2013, 03:42:22 PM
There are sell signals after that $60 selloff so not entirely impossible.  But, yeah down to $600 is more likely.

Right. It's not impossible to go to $40 in a couple of hours. Seems reasonable to me. And with that, I think I'll double naked short sell on 1000% margin on 360% interest.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: exstasie on November 23, 2013, 03:53:28 PM
Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss

Don't worry..you won't be the only one buying at $40.  But then again, there is probably way to many willing to buy at $400 for that to happen.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Sindelar1938 on November 23, 2013, 04:05:52 PM
Good on ya mate

Let's wait and watch then... ;)


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: sumantso on November 23, 2013, 04:10:56 PM
I have put in an order at $40.001


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: zuerdemon on November 23, 2013, 04:17:47 PM
Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss


Buy 0.05 BTC  instead, better than nothing  ;)


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Manna on November 23, 2013, 05:08:12 PM
this should be in troll section LOL


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Wilhelm on November 23, 2013, 05:33:12 PM
Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss

Look a flying pig!!!

Even the Pope will buy at a higher price...


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Gleason on November 23, 2013, 05:39:18 PM
Can't and will not happen, unless Bitcoin itself somehow breaks.

Way to many new people invested in bitcoin, to where prices like $200, $300, and $400 are bargains now.

To much buying pressure way before we ever get back to double digits IMO.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: jojo69 on November 23, 2013, 05:40:40 PM
yes please


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Beta-coiner1 on November 23, 2013, 06:30:45 PM
http://blog.coinforest.com/wp-content/uploads/2013/09/buy-all-the-bitcoins-400.jpg

I think it takes about 2 major dumps of 5k BTC or more to give the psychological condition of it "crashing" on one of the major exchanges.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Frost on November 23, 2013, 06:32:30 PM
Be prepared... it gonna happen soon.  ;D


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: exstasie on November 23, 2013, 06:43:34 PM
Can't and will not happen, unless Bitcoin itself somehow breaks.

Way to many new people invested in bitcoin, to where prices like $200, $300, and $400 are bargains now.

To much buying pressure way before we ever get back to double digits IMO.

Exactly.  People know that BTC price can exceed over $1000k.  Even people who dont care about BTC, and are using BTC as a quick investment know that buying at $200, $300, $400 will provide a huge surplus in returns.

I bought more BTC @ $400 when it crashed earlier this week and have almost doubled that profit already.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Mirsad on November 23, 2013, 06:49:00 PM
Can't and will not happen, unless Bitcoin itself somehow breaks.

Way to many new people invested in bitcoin, to where prices like $200, $300, and $400 are bargains now.

To much buying pressure way before we ever get back to double digits IMO.

Exactly.  People know that BTC price can exceed over $1000k.  Even people who dont care about BTC, and are using BTC as a quick investment know that buying at $200, $300, $400 will provide a huge surplus in returns.

I bought more BTC @ $400 when it crashed earlier this week and have almost doubled that profit already.

This logic is so flawed...
Yes, there is a theoretical huge surplus.

It only works if a small amount of people cashes out, otherwise there will be a epic crash.
The newcomers pay the profit of the old bitcoin holders. The new bitcoin holders need more user to get paid sometime in the future. And so on. Hope you see the underlying structure.


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: crazy_rabbit on November 23, 2013, 06:50:17 PM
Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss

So... you have only $40 (because you are ready to buy only 1), and then you want to be rich in 5 years. So basically you want to build a time machine, go back to 2010, but $40 and be rich now. Right?

Good plan. Me too. :-)


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: electronistul on November 23, 2013, 06:55:00 PM
Wouldn't hurt we all know some ~30-40 minutes in advance. This way, we can all sell @ 1300 and then buy back at 40. Wait for a couple hours more so the exchange rate gets back to 1500, sell and buy a house. Good plan, I'm in. Just make sure you alert everyone on this thread, allright ? :-\


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: jojo69 on November 23, 2013, 07:21:31 PM
this $40 crash is still on right?


Title: Re: Bitcoin will crash to 40 USD next 24 hours... here is why...
Post by: Frost on November 23, 2013, 08:00:53 PM
Wouldn't hurt we all know some ~30-40 minutes in advance. This way, we can all sell @ 1300 and then buy back at 40. Wait for a couple hours more so the exchange rate gets back to 1500, sell and buy a house. Good plan, I'm in. Just make sure you alert everyone on this thread, allright ? :-\

You understand my dreams. :D With only one difference.... I would not sell my first bitcoin. :)