Bitcoin Just Crashed

[Amph]

Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

Not surprising at all, especially since the news about the possible fork and XT..

if for every bad news bitcoin crash like that, this thing will never skyrocket, imagines if when bitcoin is almost fully adopted, a bad news about another fork like this will be announced

it would be a serious disaster for everyone, this market is too fragile

[fluturash]

It was not long ago that the btc was steady at 230+ then went up to 300+ and then fast went bellow 290 , then 250+ .
now I come here to hear btc crashed then went up to 230+ ?
hope that it will stabileze a little

[CoinBateman]

We had an all time high of USD Swaps meaning lots of people were long on margin.

Crossed the line in the sand at that point and this was in the making for quite a while.

Was prepared and with fiat waiting.

[TPTB_need_war]

But past happenings do not guarantee future happenings... You may have been right once, twice or even more times, but this does not mean you will be right this time..

I've always been correct on BTC price in terms of the major moves. I was even correct in early 2013 when at $10 I gave my thumbs up to going all in.

[neochiny]

Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

Not surprising at all, especially since the news about the possible fork and XT..

 IS this fork and xt thing true? because if it is true i think it was scary now to buy some bitcoin.

[Clint]

Whoa didn't know that, don't even check on btc news anymore. Thanks man, but it's really now a surprise though.

[Gyfts]

I noticed quite a big drop. It's honestly quite disappointing as we're back to where we were from the small rise we saw about a month ago.

[MinerHQ]

I noticed quite a big drop. It's honestly quite disappointing as we're back to where we were from the small rise we saw about a month ago.

I think it may slowly go back to around 200 range now before any up move. Very volatile now and difficult to predict exactly.

[HeroCat]

In market economy, you can expect in BTC market things like that  Price go up and down all the time 

[zero01]

Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

I guess it was just temporary, we do not know when bitcoin will rise again

[oblivi]

Bitcoin is back up 32 dollars since that low. Im guessing someone with a lot of leverage panick sold a lto of coins, and the blocksize fight is having a toll on the exchanges as well. Simply hold and relax, the storm will be over by next year. Time to pick up cheap coins.

[techgeek]

Bitcoin is back up 32 dollars since that low. Im guessing someone with a lot of leverage panick sold a lto of coins, and the blocksize fight is having a toll on the exchanges as well. Simply hold and relax, the storm will be over by next year. Time to pick up cheap coins.

Give it another couple days or an entire week, there will be some sort of another $30 recovery.

Usually people just panic over the small amounts, but eventually people buy again.

[BTCevo]

Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

Not surprising at all, especially since the news about the possible fork and XT..

if for every bad news bitcoin crash like that, this thing will never skyrocket, imagines if when bitcoin is almost fully adopted, a bad news about another fork like this will be announced

it would be a serious disaster for everyone, this market is too fragile

So what are you going to suggest for this market? I guess there is no way that people will believing in bitcoin since there are no one that can control the fluctuation except some whale although with this volatile price some people can get profit but it is really bad if there is no something or someone strong enough to control the market price

Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

I guess it was just temporary, we do not know when bitcoin will rise again

How can you so sure it is temporary? Only whale is the one knowing how are the price going whether it will rise or not. Others are just speculate that the price will going higher without doing anything. They just hope for it not make it

[TPTB_need_war]

The retards who are buying now and not selling are going to lose and end up selling below $100.

But past happenings do not guarantee future happenings... You may have been right once, twice or even more times, but this does not mean you will be right this time..

I've always been correct on BTC price in terms of the major moves. I was even correct in early 2013 when at $10 I gave my thumbs up to going all in.

Well in May I wrote in several Economics -> Speculation threads that BTC would rise from the low $200s to $315, then it would crash back down to eventually below $150 (and probably to double-digits) no later than sometime after October.

I reiterated these points over the past weeks in the Economics -> Speculation -> PnF and Economics -> Speculation -> Free Money threads. Even a few hours before the crash I reiterated these points again that everyone should have been short since $315.

The bottom in the BTC price will come in Spring 2016, and it will be back below $100, perhaps even below $50.

After that, we will start a new bull market that will make investors rich.

If you weren't dumb, you'd learn to stop ignoring me. You'd be clicking my Profile and reading all my archive of posts.

But you are dumb and lazy, so you won't do that. And so you will remain ignorant. And I sort of like that, don't you?

And last but certainly not least, sue your mother and fuck her too, because she brought your dumb ass into this world.  

(that is if you think you should abrogate your responsibility and sue anyone for the market price movements of BTC)

Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

PS: I've decided to risk a portion of my BTCs following the advice you gave on Klee's thread. As stated there, I don't feel comfortable about it, but more and more I am convinced that your approach of BTC's is essentially a "gold-like" commodity and should be treated like one, is true.

As more people capitulate to the reality that it is better to be short than long that is what drives the extreme low.

This bounce back up is one more gift to go short before it is too late. Again the "Only the Date is Unknown". I don't know how far up the price will reach before crashing again or the timing. Volatility will increase.

The "End of Government" can mean many things. It can mean we still have governments exerting totalitarianism with the chaos of loss of rule of law (i.e. rampant corruption in government). Again study my upthread review of the decades long chaotic collapse of the Western Roman empire.

The government won't entirely disappear any time soon. You'll wish they would. In Rome it got so bad that the people just abandoned their land because the government was so oppressive. Later there was no government in Rome and only cows grazing in the city. But first the totalitarianism.

Nearly everyone who has argued with me has ended up eating their words later.

You confuse ego with leadership. I am very cordial with people, but leaders don't lead into mud just so they can placate the stragglers and losers.

I give you the readers a "heads up" that your bullishness is the sign that the bottom has not been reached yet. The bottom comes when you the bullish fools finally in desperation go short. Then the smart money covers their short position, you fools are bankrupted, and the next bull market starts.

You are the one who is throwing your ignorance around and hurting readers.

[roadbits]

The fork issue has put some pressure on the market and orders got out in a  rally. I'm in it for the long run so will buy a bit on the dips and see where this goes.

[Snorek]

I hope that bitcoin developers won't go full retard mode. And price will go back on a good track again.
I am sad because I did not sell some more btc just before that crash because I am short on FIAT now.
And I refuse to sell anything under $300. It is not worth it. I would rather hold forever to the grave.

[btccashacc]

I hope that bitcoin developers won't go full retard mode. And price will go back on a good track again.
I am sad because I did not sell some more btc just before that crash because I am short on FIAT now.
And I refuse to sell anything under $300. It is not worth it. I would rather hold forever to the grave.

we will see hard pump after hard dump
hold your bitcoin at low price and sell in hard pump

[MinerHQ]

The fork issue has put some pressure on the market and orders got out in a  rally. I'm in it for the long run so will buy a bit on the dips and see where this goes.

Its good strategy but need to prepare for worst case down side also. May take long to recover as well.

[worldinacoin]

Bitcoin has rebounced nicely at about US$233

[michinzx]

In market economy, you can expect in BTC market things like that  Price go up and down all the time 

that's the bitcoin volatility thats also keeping a lot of merchants from adopting bitcoin though, which would lead to bitcoin becoming mainstream. coming to expect sudden price drops in price is rather bad i think.