Bitcoin Forum

Price is in a screaming dive. Broke through $200 on Bitstamp and crashed to $161 in under two minutes.

Is this for real? Seems like it's just Bitstamp leading this charge?

Certainly cleared significant volume over 10,000BTC in past 30min on Stamp

Will be back on 200$ in couple of minutes :)

bitstamp is not so deep market depth

Its price has no meaning, you should reference, btc-e and lakebtc ( bitfinex with leverage, excluded )

Wow.

Just watched this live.....sickness.  Just won $1,800 in a poker tournament on betcoin.....and watched my winnings depreciate a ton instantly.

People shorting bitcoin are probably going crazy with their insane gains.

Flash movement, just like the good ol' days!

Seems to be sticking around the $175 range for now, think you're right tho mate - heading back over $225 imo very quickly? Don't think we could head much lower to $100 range (could be wrong about that, but think this is the floor)

This is not the floor bitcoin price will be at well under a 100$ in no time..

150 now

I knew this would happen and stopped accepting bitcoin as a primary currency

You had to be crazy to miss it ! this was so obvious !!

wow you're so smart when I grow up I wish to be just like you !!

well I'm very happy I started dumping hardware and bitcoin 6-8 weeks ago.

I hope bitcoin dies , to make way for a much better currency

Yeah who knows?   It's just my opinion $152 was the floor (at least on short-term Bitstamp). Think we'll see a rapid correction $180-200

I watched this plummet to $150ish on my 2nd monitor. Exciting day.

Well, things have settled down for now, around $185. That's still down $20 from an hour ago, and below the $200 support level for the first time. The bottom was at $152 on Bitstamp.

Both the US and UK are mostly asleep, and the banks are closed. When people get up, they'll have to think hard about what they want to do with Bitcoin.  Tomorrow will be interesting.

We're now basically back to where things were before the China bubble.

Would be best to invest in copies of charlie hebdo and sell them on ebay !
 bitcoin to $100 today

although btc-e's prices low, but it always hold on every at the key moment
lakebtc is just a exchange, and it's not so much energy to stabilize prices

I will buy a million bitcoin @ 50 cents each :)

we just seen speculater haven?) 
any one got any realistic explenation about what is going on?

probably bitstamp crashing it down. so they can buy back at $50 each..

One possibility is that traders, reasonably enough, have cut back on how much cash they keep on Bitstamp. This allows bigger swings at night, when few are trading, banks are closed, nobody can wire money in, and there's limited cash for buying.  That may be how the price dropped to $152 so fast. Now it's back around $180 and reasonably steady.

Soon the UK will wake up, followed by the US. A lot of people in the Bitcoin world are going to be very unhappy tomorrow and will have to make some hard decisions. I don't think many will want to pour more cash into Bitcoin right now.

perhaps they already have (but @$154)...

finaly someone that makes any sens)

A few of us are considering it  ;)

Agreed with last part. For those playing trades. Would be best for them to sell now and buy back after the UK wakes up. Not a good time to hold atm.

Bitcoin is finished , 10 min confirmation time is no good ! never has been !
We need a new leader :)

Well, if you had looked at any Btc graphs over the last year you would have seen lots of going down, precious little going up and no sign of flattening out yet.  Still a long way from the bottom.  :(

Currently $205 on Bitstamp...that kitty sho do bounce pretty high!

Clearly the person who sold so many bitcoins, so quickly, is mentally unstable.  Drunk at best.  I don't buy the argument that 'they're creating panic by making massive losses now, to buy more'.  It just doesn't make sense and there is no guarantee other speculators won't just dump and continue dumping.

I disagree, I'm waking up to the news here in the UK and I am willing to buy more as the price comes down and hold as is my strategy with my existing coins. Some call me foolish for staying on the train, but many share my view of a strong recovery in the long haul.

Look at the volume though!

And the 'recovery' was lead on Bitfinex. And that was a short squeeze.

What site ( URL ) are you following mainly?

redtube.com pornhub.com mainly.

oh no the graph...except it doesnt apply the BTC graph already looks way different to that.

If this hasn't been the real bottom, we'll see it tomorrow or the day after that. Things are moving very very fast now. It seems that we are finally trying to locate the real bottom. Can't stand the whole bleeding out anymore!

I find it very exciting and spread buy across the day and days.

Do you just buy or do you also try to short and sell at times? I think it is very wise to have at least a decent amount of FIAT left to buy if we achieve really freakish levels. I mean we are already at unsettling levels, but we may not have seen the bottom, unfortunately...

Yeah this bleeding is frustrating.

IMO this is nowhere near the bottom, I think the true value of BTC will be realized before it starts it's charge into recovery. People are already selling and opportunists are buying them up and will continue to do so all the way down but I feel selling is bigger than buying. Difficulty is already showing forecast of -0.38% (at time of post) although we have nearly 2 weeks until next adjustment, several factors are helping push it right down into the ground. I stick by my guns, I am in it for the long haul and will watch it crash and then rise  ;D

Didn't Bitstamp put the fees on hold? I bet they're crying and cursing all day long, they could've made back the losses 8am GMT today in the course of a couple of trades ;D