BTC Price FLASH CRASH!

[tadakaluri]

I don't understand, why selling pre-fork coins now? I just bought some cheap coins. Even there is a fork in near future, I would reserve the right to sell the coins on the chain that I don't like

At that time if you are in wrong fork, your coins may disappear. That is the main reason for panic selling.

Where did you get that information? How is that possible?

Peter Todd, a staunch opponent of the fork, told the bitcoin news outlet CoinTelegraph the possibility of node centralization poses “a huge risk with the potential to destroy bitcoin in the medium to long term.”

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[fryarminer]

Bummer I missed it!! I can't blink around here!

Next time you guys plan a flash crash, please tell me!

[tadakaluri]

Bummer I missed it!! I can't blink around here!

Next time you guys plan a flash crash, please tell me!

You can expect few more Flash Crash before January/Fork. Be ready for it!

[btccashacc]

I think problem is'nt come from XT
but come from FUDER + troller

[ANdr0id]

It is stabilizing now at $233-237
not going to go crazy on this.

[btccashacc]

After double bottom price will be up again 300$

[vennali]

Oh boy, sucks this happened overnight. I never like holding on to large amounts on bitcoin the first time I expected something good from it, it all turns the opposite way and crashes.
I do not know what to expect anymore.

[balu2]

Man, this shit is all over the news. "Bitcoin split" yadda, yadda.

Bitcoin is officially in a crisis now. People will not buy it so your liquidity could be gone pretty quick. Think again if you want to hold it out.

[futureofbitcoin]

I don't understand, why selling pre-fork coins now? I just bought some cheap coins. Even there is a fork in near future, I would reserve the right to sell the coins on the chain that I don't like

At that time if you are in wrong fork, your coins may disappear. That is the main reason for panic selling.

Where did you get that information? How is that possible?

doesn't matter if it's true or not, as long as people think that, they will dump

[balu2]

I don't understand, why selling pre-fork coins now? I just bought some cheap coins. Even there is a fork in near future, I would reserve the right to sell the coins on the chain that I don't like

At that time if you are in wrong fork, your coins may disappear. That is the main reason for panic selling.

Where did you get that information? How is that possible?

doesn't matter if it's true or not, as long as people think that, they will dump

It's a PR mess of course. But all this was very predictable.

[jdebunt]

Well at least Bitcoin is gaining media attention again, unfortunately, it resembles traditional finance even more now.....

[zeroUptime]

Oh boy, sucks this happened overnight. I never like holding on to large amounts on bitcoin the first time I expected something good from it, it all turns the opposite way and crashes.
I do not know what to expect anymore.

Emotionally I feel this way too, but in view of a couple of things:

1.  The Bitcoin technology is sound.
2.  The XT vs. Core debate will be settled in the near-short-term by the mining community.
3.  Regardless of which way it goes, all the bitcoins I have are going to be perfectly valid.
4.  The block mining reward halves in a little less than a year.
5.  There is massive ongoing global financial investment in Bitcoin and Bitcoin-related infrastructure.

I rationally conclude that right now is a great time to buy, and if you're already long like I am, don't panic.

I just bought another $10K worth of Bitcoin at $233.  Pity that's the daily limit on my Coinbase account.  If it drops more I'm going to buy more.

[monsanto]

Well at least Bitcoin is gaining media attention again, unfortunately, it resembles traditional finance even more now.....

It's true though; no such thing as bad publicity. Remember silk road...

[Kprawn]

This volatility is soooo nice. You buy low, and make a huge profit in a matter of minutes, when it goes up again. You always have to see the bright side of things. When people panic sell and the bots goes crazy, you

have to be in that mess and sweep up all the cheap coins. A fool is born every day, and most people are not used to the volatility that Bitcoin bring to the table.

The little bad news about the New York BitLicense and the exodus of some companies and the whole BitcoinXT fiasco, is creating a "magic" scenario for day traders and speculators to make some profits.  

[Enjorlas]

Just wait till we sustain a price under $200.. oh boy. We will drop straight down to $100.

[Amph]

well i have some coins sold at 275 because of lending purpose, so i'm all for this crash  

on another note, it was expected, i only hope that at least the old wall(200) is somewhere safe

Just wait till we sustain a price under $200.. oh boy. We will drop straight down to $100.

more cheap coins, but it will not happen because everyone is waiting for that, which mean mass buy..

[randy8777]

well i have some coins sold at 275 because of lending purpose, so i'm all for this crash  

on another note, it was expected, i only hope that at least the old wall(200) is somewhere safe

Just wait till we sustain a price under $200.. oh boy. We will drop straight down to $100.

more cheap coins, but it will not happen because everyone is waiting for that, which mean mass buy..

it always happens when people don't expect it. i was looking at the charts and saw the price fall to below $170 on bitfinex live. unfortunately i don't have a bitfinex account to use the sharp drop in my advantage. and you're right. now that people are waiting for it, it won't happen anymore.

[Mickeyb]

well i have some coins sold at 275 because of lending purpose, so i'm all for this crash  

on another note, it was expected, i only hope that at least the old wall(200) is somewhere safe

Just wait till we sustain a price under $200.. oh boy. We will drop straight down to $100.

more cheap coins, but it will not happen because everyone is waiting for that, which mean mass buy..

it always happens when people don't expect it. i was looking at the charts and saw the price fall to below $170 on bitfinex live. unfortunately i don't have a bitfinex account to use the sharp drop in my advantage. and you're right. now that people are waiting for it, it won't happen anymore.

I wasn't expecting it at all. I mean, I thought there will be some price decline, because of this fork situation, but I thought this decline will be controlled. When I woke up and saw $162 the low on Bitfinex, I was shocked. I don't even know have we touched this low last time in February?

Everything is definitely possible in the Bitcoin land! What scares me the most is what will follow in the near future.

[Hazir]

well i have some coins sold at 275 because of lending purpose, so i'm all for this crash  

on another note, it was expected, i only hope that at least the old wall(200) is somewhere safe

Just wait till we sustain a price under $200.. oh boy. We will drop straight down to $100.

more cheap coins, but it will not happen because everyone is waiting for that, which mean mass buy..

I am afraid if bitcoin reach certain price threshold it can lose all credibility. Personally I won't buy any cheap coins and instead probably sell all mine.
If this crisis continue it can be the end of free cryptocurrency, we will have cryptos ensued by banks and governments since now on.

[hellscabane]

I'm gonna say that this allowed my target price to be satisfied. With the stuff I bought and currently have, I'm now fine with holding for a while.

Remember, many run-ups have been preceeded with a substantial flash crash.