2016 crash has begun!

[Amph]

The price of bitcoin has dropped to $380 now. Is there any reason for the large drop? The price was quite good for the last two month.

two bad news in a row, cryptsy hack, and mike dumping his thousand coins

so you can say that from the 13k stolen from cryptsy plus those other coins dumped from mike, you have around 20k dumped that can cause a panic sell

[1715505062]

1715505062

[praprata]

The crash has begun yes, but later it will go up.
When is going to happen we don't know.
But today is so much bad news with bitcoin so  that is just sad.

[BadAss.Sx]

Yeah, calling btc a failure AFTER you have dumped your coin...think twice people...he is buying them right up and earns a few hundred more.

[Variantand]

Yeah, calling btc a failure AFTER you have dumped your coin...think twice people...he is buying them right up and earns a few hundred more.

If he can earn a few hundred, I think it is not worth his time. Maybe he has a big agenda or work for somebody else.

[Bazelak]

The price of bitcoin has dropped to $380 now. Is there any reason for the large drop? The price was quite good for the last two month.

two bad news in a row, cryptsy hack, and mike dumping his thousand coins

so you can say that from the 13k stolen from cryptsy plus those other coins dumped from mike, you have around 20k dumped that can cause a panic sell

The price recovers very well from the recent dump. It is $385 now.

So bitcoin survived another crisis and going strong. That is good indication.

[BadAss.Sx]

Yeah, calling btc a failure AFTER you have dumped your coin...think twice people...he is buying them right up and earns a few hundred more.

If he can earn a few hundred, I think it is not worth his time. Maybe he has a big agenda or work for somebody else.

Few hundred? He dumped 15k coins and yes he has a new job...he works for a bank now :/

[crairezx20]

The price still fighting and i think it will rise again but not this time. i think it will rise again on february above 400.
For now i will still collecting to increase my bitcoins.

[randy8777]

The price still fighting and i think it will rise again but not this time. i think it will rise again on february above 400.
For now i will still collecting to increase my bitcoins.

this is the best moment to buy bitcoins if you haven't done so already. i would buy with 50% now, and save the other 50% for when the price goes down even more. that's how you minimize the risk. i have been doing the same when the price crashed from $430 to nearly $350. i am happy with the coins that i bought.

[needmoney]

Nearly 13k unconfirmed transaction.
Another spam attack? or bitcoin is going to slowly day by day?

[uki]

The price still fighting and i think it will rise again but not this time. i think it will rise again on february above 400.
For now i will still collecting to increase my bitcoins.

this is the best moment to buy bitcoins if you haven't done so already. i would buy with 50% now, and save the other 50% for when the price goes down even more. that's how you minimize the risk. i have been doing the same when the price crashed from $430 to nearly $350. i am happy with the coins that i bought.

The zone between $350 and $400 was already proven to be very solid, and now we are due to a rebound. It was a good opportunity to buy, I agree, and I wouldn't expect falling below $350 any time soon, unless there is some very negative event (Cryptsy was too small to make such impact).

[Mobius]

There is a halving around June. This party is far from over!

[~Bitcoin~]

The price of bitcoin has dropped to $380 now. Is there any reason for the large drop? The price was quite good for the last two month.

I don't find any reason beside mike (member of bitcon development team) statement about leaving bitcoin forever and cryptsy getting hacked. I think we will again go up 400 by next month, but it will take time.

[BTCjust]

not crash, just be back to 2015. $350 we can accept it

[uki]

The price of bitcoin has dropped to $380 now. Is there any reason for the large drop? The price was quite good for the last two month.

I don't find any reason beside mike (member of bitcon development team) statement about leaving bitcoin forever and cryptsy getting hacked. I think we will again go up 400 by next month, but it will take time.

The reason for the correction is that the last growth was purely speculative and not supported by any important fundamental development. Such growths end up quickly and usually there  is a similar reaction in the opposite direction. I would say we don't have any strong arguments to move either up or down. What has popped up in the news recently is neither new nor has the potential to impact in the big way the price (Hearn was negative about Bitcoin for quite long time - check his blog, Cryptsy was badly ill either not from yesterday, plus the amount of lost coins is comparable to Mintpal rather than Mt. Gox). On the opposite side of the balance we have halving that is still far, far away. Plus nothing more. Expect more sideways trend at around $400 or so.

[NewInCryptoCurrency]

Yes it begun crashing, but not really is just going down.
Now bitcoin is trying to go back to 400 dollars so I think we will reach this February.

[praprata]

not crash, just be back to 2015. $350 we can accept it

At least some one that think 350 is a okay price. Is maybe not that that high, but is cheaper to buy bitcoin with. I know that people are eager to buy bitcoins for that halving begins. The price can increase.

[bearex]

I think it will slowly crawl back to $400. But even with this crash and maybe others, i belive the price will rise after halving.

[randy8777]

I think it will slowly crawl back to $400. But even with this crash and maybe others, i belive the price will rise after halving.

i believe that we will see a significant price increase before the halving. i am fairly sure people will go nuts to grab themself some last minute bitcoins to not miss out. current price is just temporary. if you have enough patience to hold your coins for a longer period, then you'll see that your choice to hold was the best possible option.

[jt byte]

I think it will slowly crawl back to $400. But even with this crash and maybe others, i belive the price will rise after halving.

i believe that we will see a significant price increase before the halving. i am fairly sure people will go nuts to grab themself some last minute bitcoins to not miss out. current price is just temporary. if you have enough patience to hold your coins for a longer period, then you'll see that your choice to hold was the best possible option.

Yeah that is why is nice to see a low price for bitcoin for now is just easy to buy and is cheaper.
We all just waiting for increase, but still they are some people that want to buy more.

If some people buy some now I think they will make profit with it.

[RobinHoodster]

I think this crash will go up again they will just repair the rocket and go to the moon again.
Is maybe low now, but I am sure will increase later so is not dead.