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Author Topic: THE PRICE OF BITCOINS IS CRASHING SELL SELL SELL  (Read 4945 times)
sam
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June 10, 2011, 03:25:40 PM
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http://i.imgur.com/1pO2N.png

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Man From The Future
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June 10, 2011, 03:29:09 PM
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Notice the fact that a day before, it went down too.... And then it went up. FLUCTUATIONS? AAAH IT'S THE END OF THE WORLD!
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June 10, 2011, 03:35:57 PM
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Protip: "SELL SELL SELL" causes a price crash.
JaredR26
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June 10, 2011, 03:39:19 PM
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Protip: "SELL SELL SELL" causes a price crash.

Protip: overpriced valuations causes a price crash.

Not that that's what we're in, but that is the root cause.
RomertL
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June 10, 2011, 03:41:21 PM
 #5

Yea this is just fluctuations, think the crash, if it comes, will be faster. And that the likely-hood of a crash depends on how many of the bitcoin-owners are like you: prone to panic. Without people like you there would not be any crashes, only fluctuations.... Relax man!

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RomertL
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June 10, 2011, 03:44:51 PM
 #6


Protip: "SELL SELL SELL" causes a price crash.

Protip: overpriced valuations causes a price crash.

Not that that's what we're in, but that is the root cause.

Yea well, that too. But there would be a lot less without people like this guy. But this is a special case since there's no way to measure the true value of a bitcoin...

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jerfelix
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June 10, 2011, 03:47:21 PM
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Protip: "SELL SELL SELL" causes a price crash.

Protip: overpriced valuations causes a price crash.

Not that that's what we're in, but that is the root cause.

Naaah .. drastic widespread change in sentiment from (possibly overpriced) valuations to lower valuations causes a price crash.
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June 10, 2011, 03:54:51 PM
 #8

I don't believe it's a crash it's just a corrections value. In the past week publicity inflated the value of bitcoin and the infrastructural value didn't keep ip. It's just normalizing expect it to go as low as $22. Closest fit regression lines were predicting a the value of Bitcoin at $11. $7.5 to $31 isn't relistic and it's just balancing so no worries. Well worry if you are just here for quick buck.

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Dansker
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June 10, 2011, 04:02:38 PM
 #9

Am I the only one who hovered my mouse over the curve shown, only to be dissapointed it was just a picture and wouldn't show trade prices?  Cry

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June 10, 2011, 04:05:32 PM
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Errrm if anyone would bother to look at the trade history of bitcoin prices dropping Friday through Sunday is NORMAL. There just aren't as many people trading on these days with last weekend being the main exception that proves the rule. The weird spike is going to cause fluctuations but look at some of the UK/GBP exchanges they're at this moment still going strong and trading at around 28-32USD. Move some coins there if you're feeling unhappy instead of ill-researched panicking.

Oh and starting to troll based on a couple of ill researched stories in the news is just.....

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June 10, 2011, 06:05:27 PM
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At first I thought this was a joke, but now methinks someone is trying to influence the market and pick up some cheap bitcoins.
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June 10, 2011, 06:12:43 PM
 #12

I'm amused by these transparent 'fishing' attempts by people. They either have never traded anything that fluctuates in value, or think something like this will actually move price.

I'd say 'nice try', but in all actuality it is just a sad, sad attempt. All aboard the failboat!

fortitudinem multis - catenum regit omnia
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June 10, 2011, 06:49:45 PM
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Forum admin note.

New threads with keyword crash, crashing should not be posted until an admin approves the thread.

If you want to post a new OMFG THE SKY IS FALLING! Thread, use the search function.  Type crash, or crashing.  And bump a thread.  No need for a new one every other day.
jakemates
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June 10, 2011, 08:23:14 PM
 #14

Ahem. http://i.imgur.com/NsJmS.png
bitcoinminer
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June 10, 2011, 08:25:20 PM
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If you're worried about losing value in your BTC wallet, just sell quietly.  If you tell EVERYBODY its going down, you won't get as much back.

Thus, there are two forms of logic for a post like this:

1.) Trying to drive price down to buy
2.) Mild to moderate retardation, and/or Fetal Alcohol Syndrome.

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
fassadlr
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June 11, 2011, 12:39:15 PM
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Forum admin note.

New threads with keyword crash, crashing should not be posted until an admin approves the thread.

If you want to post a new OMFG THE SKY IS FALLING! Thread, use the search function.  Type crash, or crashing.  And bump a thread.  No need for a new one every other day.

I completely agree with this. It appears we might have a lot scene kids trading bitcoin that have virtually no understanding of how markets work.
Piper67
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June 11, 2011, 12:44:36 PM
 #17

So the kids will buy, or mine, then sell when they get the munchies and bring the price down... So what? Eventually, they'll fall off to the sides and the real money will step in. If bitcoin is deflationary, uncounterfeitable, fairly anonymous and secure, the really shouldn't be another option.

If it isn't, there is :-)

Forp
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June 11, 2011, 12:58:19 PM
 #18

New threads with keyword crash, crashing should not be posted until an admin approves the thread.

Agreed !  Huh

In a forum on manipulation resistant, censorship immune digital currency - we really need moderation, manipulation and censorship, don't we?  Roll Eyes

The original poster got me mildly amused. That's how markets work, by pumping up panic and observing the reaction of the crowd. We should not fear kids with bit coin panic, since it is just their action which keeps the currency stable in the end. They are not smart enough to really manipulate the course, and they cannot cough up sufficient trading volume as well. But they get people thiunking about the course and the whole concept - and this is very good.


Durr
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June 11, 2011, 01:03:22 PM
 #19

Lol @ people who think threads like these really have effect on the markets

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June 11, 2011, 01:04:42 PM
 #20

yes, they have. lol@u.

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