Bitcoin Forum

http://screenshooter.blob.core.windows.net/engine4files/lsldkidulvhdstdpaiosbaerfygohvgtxcofuuexcvxodcyplllnfywkntxmbpnppngpeyufeqqfdqndzrdwksozgerbxrwnihyqviknqfiohqhxgtmkmrfxygjahtim

Actual price: $445. What do u think? Are we going up?

I which exchange is this flash crash going?
I can't find it...
Or if you mean that flash crash at btc-e, it was 6 hours ago and we are going back up already...

This was the BTC-E one 6 hours ago. Still no full recovery...

yes btc-e 6h ago

So why post the image of 6h ago just now???

After flash crash 20$ between BTC-e and bitstamp. Usually it was max 8-10$. BTC-e could not recovery.

Anybody know what is happening with the price? I hate this low price BTC will be useless if the price is low.

I'm sure one or two very large holders are dumping several times a day, not sure if Karpeles is one of those that keeps dumping.

Low price gives people the chance to buy in cheap, I'm certainly not complaining :)

I sure hope so!

Yes I think it could drop way below $400... we're in freefall now and the mid-holders are panicking.

down down down : SELL!!

Flash a-ah

I am really curious what the price will be like this Friday Night United States, I have a feeling it will either be well above 500 or below 400. I can't imagine the price will stay this low after this Thursday/Friday, I know many people are trying to pool fiat to make purchases at this price. Friday is payday for alot of people, maybe we see some sort of rebound by Saturday Afternoon.

i wonder whats causing the prices lately
ethereum selling off bitcoins to pay expenses is one cause
maybe a side effect of the nxt drama recently
anyways more cheap coins for everyone

I think he is.

Sage Beliathon sayeth:

At $450 per BTC, we have retouched the foundation, we have hit "bedrock". This be an excellent time to buy.  8)

Remember, I told you so.

yes it will drop below 300 before it moves back to 1000

This is a great time to buy, the price may double or triple before the year ends. In Bitcoin we trust!

The price of a bitcoin does not affect its usefulness. It is just as useful at $1 as it is at $1000.

Dont sell yet, market will be up by today. 8) 8)

Anybody can explain what happened yesterday. And if the BTC falling down will continue.

My Magic Eight Ball ^TM says, "My sources say no."

Are you kidding me ? 1usd means btc is totally useless like shit .

It is likely due to margin calls on both btc-e and bitfinex. Both exchanges allow for margin trading and both sites have shown signs of the amount of funds available to borrow shrink as people do not want to risk loosing their bitcoin that they lend out. This causes people to be forced to sell their long position when they cannot borrow to continue to carry their position which causes prices to fall which causes people to have critically low equity in their account causing the exchange to force close long positions.

It is no harder to send 100 BTC than it is to send 1 BTC. If I want to buy something at overstock.com or send money to relatives in Argentina, the exchange rate doesn't make Bitcoin any more or less useful. Perhaps you could explain what you mean by "useless".

What he means is he doesn't understand what Bitcoin is and how it works. He thinks it's an investment platform.

When bitcoin dropped back to $800 I sold a lot. I valued it at $375.
Then it hit $600 and I sold more. But companies like newegg had come on board and btc had weathered a few storms without flinching and I raised my floor value to $450. It hovered near $600 for a long time and I started to wonder if I hadn't missed this boat.
A few more businesses started taking btc and there was some other good news and I moved the floor to $470. Which we crossed today and I put those funds back in.
Could it go lower? Sure, and personally I hope there is a quick panic as I will buy all the way down.
It should spring back to this level at least and then climb as the market dictates.
Just my 2 cents.

partys over  : sweep the books to $150 ...weeee  :-*