The panic selling has begun

[Afrikoin]

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?

for me $10,000 is moon

[manselr]

The price seems to be holding at a 265 floor. We may stay there for a while and then start climbing up. A correction was expected after the brainwallet cracking paranoia, and certainly all those Mark Karpeles news aren't helping. The value of the Bitcoin protocol stays untouched tho, all of this is plain noise.

[mindrust]

You call that panic sell? It only dropped 30bucks, and quickly recovered 10 bucks already. I see no panic, only a big fat whale who wants fiat.

[sirnastro]

I guess it was a false alarm.

No panics at all.

[Alley]

It was NY cashout because of bit license.  Price will be back to $280 in a week.

[richardsNY]

It was NY cashout because of bit license.  Price will be back to $280 in a week.

Might be, but this dump surely won't last. Great chance to buy at this level.

[ask]

No volume at all.  Should go one step lower.

[rikky05]

Hello

[richardsNY]

If it stays around the $260 for a few days I think people get bored or frustrated and sell to test $250 level.

[-Lux-]

If it stays around the $260 for a few days I think people get bored or frustrated and sell to test $250 level.

people are so gullible

[ask]

3d PSAR switched. Pattern is obvious...

[MF Doom]

3d PSAR switched. Pattern is obvious...

So you're saying we're back in the bear trend?

[lumeire]

We'll be bearish for the next few weeks I think, be prepared to hold  

[betterangels]

3d PSAR switched. Pattern is obvious...

So you're saying we're back in the bear trend?

so... next moon will be : $200

[mrhelpful]

You call that panic sell? It only dropped 30bucks, and quickly recovered 10 bucks already. I see no panic, only a big fat whale who wants fiat.

Most people see the $30 difference in a different way then you do lol. I dont see why most people freak out unless they hold so much btcs to see the difference.

For me, I just know its going to recover like you mentioned unless it starts dropping $50. Even then I give it a day at most or the week if it`ll recover.

[techgeek]

We'll be bearish for the next few weeks I think, be prepared to hold  

I dont know it may be a selling point for a small brief time, if people tend to go with the trend.

I usually follow the trend if it goes more then 2-3 days of people selling off.

[ask]

Waiting for sub $250 coins.

[Tzupy]

Waiting for sub $250 coins.

Daily MACD and divergence are negative, daily PSAR bearish and unlikely to flip soon, price is close to the lower daily BB.
So I'd be surprised if we wouldn't see 240$ soon. Actually a healthy dump could reach below 240$.

[ask]

Let's  test $260

[lottery248]

i guess because the bit license problem, look! new york required expensive fees in order to register one.
unless new york citizens decided to protest, otherwise, i predict $200