Here comes the drop...

[kwukduck]

Seems the bagholders can no longer counter the immense selling pressure...
Prepare for a fight to stay above 200 the next two days.

[NorrisK]

Seems to be holding fine for now.. Unless you mean the 1 usd bounces that it keeps making around the 234-238 mark..

[BldSwtTrs]

Have you any argument supporting your claim or were you just bored and decide to make a thread?

[opossum]

Finally the new accounts have stopped being created and now as suspected the posts come from the legendary account. We will not be going below to $200 and if we do briefly then I will be a happy as larry because more than likely will have some orders filled. Will pm you to give yo a tip if it does .

[waterpile]

Have you any argument supporting your claim or were you just bored and decide to make a thread?

Check his posts and it seems this guy posts alot of negative about the future of BTC.. I don't know if he got hurt by expecting alot in bitcoin or what..

[Fabrizio89]

okcoin goxxing fud or not, that's what is about

[redsn0w]

okcoin goxxing fud or not, that's what is about

Exactly, open any chart on https://bitcoinwisdom.com and you will see a continuing decline (all the bitcoin price history). Bitstamp for example:

[NorrisK]

Have to admit that there was a tiny red candle a couple of hours ago... A whole 3-4 dollars!! He must've been psychic!

[iCEBREAKER]

Seems the bagholders can no longer counter the immense selling pressure...
Prepare for a fight to stay above 200 the next two days.

1MB Bitcoin Legacy is old and busted.

I'm saving my fiat for Bitcoin XT, which features new & improved 20mb block hotness!

/s

I wonder how Gavin stabbing his our core devs in their backs will be priced into the market...

[bornil267645]

I have been hearing about the drop for the last couple of days but nothing is changing in the price index so I guess holding my Bitcoin is getting a bit of boring. Hope it doesn't arrive at all. Hope it remains the same.

[thejaytiesto]

"Prepare for the drop", "here comes the drop"... what are you, Skrillex? Gotta take a vacation from that FUDding man, it's almost june and weather is getting nice outside.

[Q7]

So can you explain that on what might have triggered it? The rumors have been going on for the past 3 to 4 days ago and yet again today we are hearing the same thing. It's getting pretty boring. And just to be fair if the price ever goes up again be sure to put out the same announcement like what you are doing right now  

[inca]

So can you explain that on what might have triggered it? The rumors have been going on for the past 3 to 4 days ago and yet again today we are hearing the same thing. It's getting pretty boring. And just to be fair if the price ever goes up again be sure to put out the same announcement like what you are doing right now  

It is fairly simple. There is some drama about OKcoin, a Chinese exchange being potentially insolvent. A trader on bitfinex dumped a few thousand coins to try and induce a panic whilst also shorting a few thousand btc at the same time.

So far the market hasn't really followed through with any momentum selling because people consider 230 a not unreasonable price to buy at, especially given how far away the 1200 peak is right now.

Of course the type of bears who were calling for sub 1 dollar coins in 2011 are now calling for double digit coins in 2015.

[oblivi]

So can you explain that on what might have triggered it? The rumors have been going on for the past 3 to 4 days ago and yet again today we are hearing the same thing. It's getting pretty boring. And just to be fair if the price ever goes up again be sure to put out the same announcement like what you are doing right now  

Whatever happens, this forum has nothing to do with it, and the one spreading FUD right now will disappear by the time the price starts recovering again. Anyway, no one with half a brain wants the price to go up anytime time soon. 2015 is the stacking up year.

[pooya87]

i hope it goes down. because i have some extra fiat money that i didn't know what to do with.
now i am waiting for an opportunity to convert it to bitcoin if the price was right.

but i am doubtful that this can happen, and i am going to have my orders left unfilled

[Febo]

i hope it goes down. because i have some extra fiat money that i didn't know what to do with.
now i am waiting for an opportunity to convert it to bitcoin if the price was right.

but i am doubtful that this can happen, and i am going to have my orders left unfilled

What price are you talking about? $200?  $170  $150 
Maybe even lower?

Seems sunny weather is also holding bitcoin buyers outside enjoying the sun and not buying bitcoins that are daily mined.

[Amph]

i hope it goes down. because i have some extra fiat money that i didn't know what to do with.
now i am waiting for an opportunity to convert it to bitcoin if the price was right.

but i am doubtful that this can happen, and i am going to have my orders left unfilled

What price are you talking about? $200?  $170  $150 
Maybe even lower?

Seems sunny weather is also holding bitcoin buyers outside enjoying the sun and not buying bitcoins that are daily mined.

nah, this is the usual drop in the same boring range between 230 and 240, expect a raise when the whole Gavin drama will end

[Benjig]

i hope it goes down. because i have some extra fiat money that i didn't know what to do with.
now i am waiting for an opportunity to convert it to bitcoin if the price was right.

but i am doubtful that this can happen, and i am going to have my orders left unfilled

I don't recommend you to buy Bitcoin right now, just wait until this Gavin scandal pass.

You can invest a part on Alts: Litecoin for example.

[svein]

you are right about pumps(Galvin thing + end of the month)

But I highly doubt prices will go lower than 220.

[alesx.onfire]

today btc-e traders dont want to dump....