The panic selling has begun

[Meuh6879]

Would love to scoop some cheap coins again at 220 (srs..)

[Afrikoin]

Lol!

Bitcoin moon fans are a fickle bunch. A couple of weeks ago, or 3 or 4, lots of moontalk on threads. Any bearish talk was taboo.

Now, a move to $ 262 and sentiment has changed drastically. Not as loud as they were for sure! Plainly obvious why the whales have an easy time rocking the boat.

Anyway, this isn't panic selling, just shaking off weak moon bitcoin fanboys. And i think its working.

Like Tzupy says, another month or 2 and shitting pants will ensue

[aso118]

It was quite a sharp drop to $260 in the last 24 hrs.
Just when it seemed to be stabilizing in the $280 range...

[Amph]

it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same

Lol!

Bitcoin moon fans are a fickle bunch. A couple of weeks ago, or 3 or 4, lots of moontalk on threads. Any bearish talk was taboo.

Now, a move to $ 262 and sentiment has changed drastically. Not as loud as they were for sure! Plainly obvious why the whales have an easy time rocking the boat.

Anyway, this isn't panic selling, just shaking off weak moon bitcoin fanboys. And i think its working.

Like Tzupy says, another month or 2 and shitting pants will ensue

they were overexcited for sure, i told them to not be exited until we can break at least 300 and remain above that for a long time or until we can touch 500 again

[klee]

it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same

Problem is not if it will fall below 250, problem is when moon. BTC=moon so if no moon no BTC....

[jeffthebaker]

Back to the 220-240 range it seems, that's okay

I honestly don't think it will dip down back into the 220-240 range again, unless something drastic happens in the future. The price might drop down to 240 slightly, but I expect it to correct. We may see the price settle down at around 255, but I couldn't imagine it staying below that for more than a day or so.

[Thekool1s]

This is going to be an interesting day don't you guys think?
What do you think caused this sudden panic?

Yup its happening I think, the price is around $260 now, I am wondering what will be the bottom price after the panic sell or may be some whale needs a little meat I know a guy who was selling $200K in bitcoin may be that caused a little crash But I don't think that much amount will cause this much change.

[Amph]

it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same

Problem is not if it will fall below 250, problem is when moon. BTC=moon so if no moon no BTC....

probably around the halving, because if no moon is accomplished for that time, then bitcoin is probably done

[jeffthebaker]

it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same

Problem is not if it will fall below 250, problem is when moon. BTC=moon so if no moon no BTC....

probably around the halving, because if no moon is accomplished for that time, then bitcoin is probably done

Seriously? You think if Bitcoin doesn't skyrocket within just a few years time, it's a dead currency? The halving will certainly impact the value of Bitcoin. It will probably rise considerably, and we might even see prices near or above the alltime highs in 2013. However, this isn't the "moon". If Bitcoin ever reaches the moon, it is due to worldwide adoption, which won't magically take place due to a halving.

[klee]

it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same

Problem is not if it will fall below 250, problem is when moon. BTC=moon so if no moon no BTC....

probably around the halving, because if no moon is accomplished for that time, then bitcoin is probably done

IMHO if something like BITCOIN is waiting for halving to moon....it is already done...

I am around since 2011, in the success scenario I am more bull than cypherdoc but honestly, I think BTC is done. Really hope I am wrong.

[BitProdigy]

Just curious… what is "the moon"? does moon = $10,000?

For me I think if 1 BTC = $1,000,000 then I will comfortable saying, "Well, looks like we are here. This is the moon." What you think?

[klee]

Just curious… what is "the moon"? does moon = $10,000?

For me I think if 1 BTC = $1,000,000 then I will comfortable saying, "Well, looks like we are here. This is the moon." What you think?

Minimum 50k usd / BTC

[Amph]

another thing that need to be added is that i do not want the value, to reach only the moon, but to remain on the surface too

i'm tired of insubstantial rises that leave the disappointment after few days

[ajareselde]

Given the fact how bitcoin price doesn't have some large support at this price level, i wouldn't yet call this panic selling.
If we get to ~200 level , then there's a possibility for the real panic to kick off. imho all these ups and downs are just here to shake people for some coins.

cheers

[Herbert2020]

anybody who has been using bitcoin and cheeking the price of it knows very well that these sorts of bumps are expected along the road.
panic sells and panic buys are always a part of bitcoin market but it doesn't have a significant effect on the whole price.

[betterangels]

well.... at least okcoin is tanking and btc-e overbought

[1Referee]

well.... at least okcoin is tanking and btc-e overbought

BTC-E overbought? Not so sure about that as it is lower than other exchange rates and it also didn't peak any higher today. Definitely not overbought.

[ANdr0id]

Don't think it will go under $270 on finex. If it does then we'll have $250 as absolute bottom.

I would very much agree on this prediction. Just bought at $270 and waiting for $250 to get more.

[-Lux-]

well i dont use bitcoin so i will look and hope to catch some for less 

[Tzupy]

it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same

Problem is not if it will fall below 250, problem is when moon. BTC=moon so if no moon no BTC....

probably around the halving, because if no moon is accomplished for that time, then bitcoin is probably done

IMHO if something like BITCOIN is waiting for halving to moon....it is already done...

I am around since 2011, in the success scenario I am more bull than cypherdoc but honestly, I think BTC is done. Really hope I am wrong.

It's probably done, technology becomes obsolete over the years, it doesn't age and gain value like a good wine.
But the next wave of piglets bagholders bitcoin enthusiasts won't know that, until they'll panic dump their bags in 2017-2018.