Bitcoin Forum

Have you recently checked the price of bitcoin...

It's scaring me..

Of course, sell all, and run for the hills, tomorrow will be too late.

on what exchange? there's something really strange going on with MtGox at the moment; just refresh and see all the buy orders reappear - it's on some kind of loop or something. i have no idea what can cause it to do this ..

anyone know what's wrong? api?

Absolutely. I'll buy all your Bitcoin for $100 each, hurry before it's worth $0.

Chillax dude, it was $300 a month ago. In the last "HUGE CRASH" the price merely reverted to what it was 2 weeks prior. It'll all work out.

techcrunch says mtgox has gone crackerdog. i just learned a new word

http://techcrunch.com/2013/12/06/bitcoin-value-loses-its-mind-as-trading-lags-on-the-mt-gox-exchange/

guess that explains it

This feline had not checked the BTC price in several days, when it connected to bitocinity, this was the reaction:

http://fc01.deviantart.net/fs71/f/2011/192/f/5/wtf_cat_by_rockred12-d3lp8yi.jpg

Right now it is at 820 and going down like the titanic

775 on bitstamp  ;D

765

no, wait.. 750

no, wait... 745

no, wait....  :P

The price will stabilize (who knows when) and probably 50% of the people who sold will try to dogpile in for cheap coins.  Still, $1000 is probably a few months out now.  Shrug.  Yet another lesson learned by the collective Bitcoin price discovery system.

lol

I'm approaching the Hill Country of Texas. Does that count? I hope the price gets back up prior to the Vegas conference, for my trip is predicated on a higher exchange rate, but not detrimental if such is not the case.

~TMIBTCITW

Perhaps instawallet will give back your coins once the value is low enough?

SELL you BITCOINS! Its crashing like I have never seen it!

The price is already close to 50 % of its all time high and you still ask if bitcoins is going to crash? The question is where it will land.  :'(

this crash is a thing of beauty

There can't always be an uptrend.........welcome to what is the Bearpocalypse...muahahaha.!

you guys slay me

I guess you don't remember when BTC hit $30 in 2011 and dropped to $2 eight months later?

Maybe bitcoins will finally return to the value of their actual utility instead of speculative betting on possible future uses.  Did people expect bitcoin to continue doubling in price every week?

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

We really saw this millions of times, now it will be down all weekend then there will be a surge upward on monday, at its peak it will fall here and there and...... NEVER SETTLES....


If we hit a massive correction it wont settle 500+, All above that is just weekly panick and a chance to make serious moneeeeee

For Fuck sake it went to $650 early. It is dropping like no tomorrow. I think China is selling their bitcoins since they can't use them.

What do you mean they can't use them :))

It's not fiat

Such a big loss for those who bought it at price $1000+ if the current trend continues...

Patience and holding rewards..

Unfortunately for all this time btc hasn't really become much more usefull for common folk and in everyday life than it used to be, say, two years ago, It's still just speculators game with almost nothing to give it a solid, strong back. That 1000+ price was just ridiculous. But as btc markets are driven primarily by wishes, hopes and a bit of delusion, it may bounce back to 4-digit numbers in near future... bagain to same unsustainable, unhealthy and highly volatile spot vulnerable to wild market manipulations which are constantly driving away any serious business as well as "normal" people. Freak show still goes strong.

Care to name that actual utility price? I don't think that using bitcoin as a currency is something outside bitcoins utility. It's just that china ruined it.

I think the Chinese shouldn't panic, they are savers and in the long term things will change.

The German government has accepted bitcoin as legal currency recently. http://youtu.be/okNhH7EoV6I (http://youtu.be/okNhH7EoV6I) other countries will follow. 

it's probably a good time to start buying, otherwise will be kick ourselves when it goes up and over $1000 next year.

Afaict the chinese are panicking because everyone else is panicking.
Also if you are referring to the german news from some months ago then no they haven't accepted bitcoins as a legal currency. It's a little more complicated than that.

You miss the point.
Bitcoin can't be stable unless it has a massive market cap. That means it HAS to be expensive.
Otherwise hot money will come in and out everytime causing volatility.

I say its just a temporary crash due to china ban bitcoin for transaction... its about to go up again....

Companies in China were also banned from pricing things in BTC, i.e. you can't treat it as a real currency in China.  That's why Baidu had to pull Bitcoin acceptance.

Unfortunately while you can still speculate in China it's not going to be able to take off as a viable currency in China because of this stupid ass ruling so until they change their mind it's pretty much prevented what was a very, very, promising start in China.  What we need are Chinese folks who will do what the Bitcoiners here did before congress-lobby the hell out of their politicians to make Bitcoin work. 

i just put my order in for 10000 at a $1 each  i wanna be in the valdamer club too!!!!

I assume that many are doing the same at $2, $5 and $10.

If bitcoin goes back to $1 then it will take some clicks in a faucet to get one. Not going to happen obviously.

I don't post very much.  However, I wanted to point out the current graphical trading patterns on fiatleak.com.  Not that it can't change, but I think it means something that trading is still heavy in comparison to all other countries -- even after this announcement.  Just for consideration.

Edit: bad comma.

I think what we see here is everyone else panicking except the chinese. Actually they panic also but because of everyone else.  ::)

Do you honestly believe nobody can get cash out of Mtgox?

People should first understand that the hype was about what could China bring.
Bitcoins weren't even used as a currency , baidu subsidiary got 30 spam transactions in two month , that's all.
The whole picture wasn't affected by the ruling , just dream of what may happen.

i means that there is a tipping point that when peeps withdraw enmasse from mt gox it would not shock me if they just shut the doors. if they pull a loop on yer, they are capable of anything :P

Look at the volume , and then think how much gox is making from the fees  , even with their crappy engine.
There is no need for them to shut the doors.

I just received EUR 1000 two days ago. It took 2 weeks, but it it is there.

Yup, I surely do. I'm a jaynius now eh?

You feel pretty smart now