BTC CRASH 23/03

[ftping]

It's definitely not a crash, just wait until after the weekend. Or sell and bring the price down so I can buy more.

[MIST514]

Agreed mate - Can anyone introduce me to new BTC trading sites ? I always gotta do cash deposits at a bank ( pay 8 points on the deposit too ) .... I live in AUS. I cannot trade it real time when banks are closed.  I did panic slightly but woulda loved to purchase at 54AUD where it was at. THanks....

[w00t]

This is hardly a crash

[Vladimir]

It is not a crash. It is a bear spanking.

[w00t]

Btw. if you want an excellent example of "crash" or bubble - take a look at this:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1364057378088&chddm=140330&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=Bd1NUdDrC6mrwAPllQE

[ftping]

Agreed mate - Can anyone introduce me to new BTC trading sites ? I always gotta do cash deposits at a bank ( pay 8 points on the deposit too ) .... I live in AUS. I cannot trade it real time when banks are closed.  I did panic slightly but woulda loved to purchase at 54AUD where it was at. THanks....

Any luck on localbitcoins.com?

[Feldspar]

Yeah.. if you really think earlier today was a "crash", then I suggest you get out of BTC immediately. Or just use them for currency and not as investment assets.

[JimiQ84]

I am kinda hoping for little crash (to 30 USD/BTC or below), so I can buy cheap coins (I really screwed up when they were for 2 bucks each, I bought few at price about 8 usd/btc)

[ftping]

I am kinda hoping for little crash (to 30 USD/BTC or below), so I can buy cheap coins (I really screwed up when they were for 2 bucks each, I bought few at price about 8 usd/btc)

I remember the days when I'd stress about buying BTC @ $12.50, thinking "Damn, that's expensive." Who knows what I'll be saying in a few months time, having not bought any since $40...

[Lucifer]

I saw this as a great time to buy some discounted Bitcoin. I just spent all my spare money buying bitcoin a few days ago so I wasn't able to take advantage to get more today. As far as day trading, I tried it earlier this month when I thought it was at a temp peak but it didn't go back down as far as I hoped. The difference between my sell price and my re-buy price wasn't big enough to cover the service fees. I am still up overall in terms of how much I have invested and how much it is currently worth, but I would have made more money if I had just held onto it. Even though you can see the top 20 buy and sell orders pending on the exchange I use, it is still difficult to predict if there is going to be a valley big enough to justify selling and rebuying. However, it is a good idea to time your new buys. There are always these little dips every day that if you are patient enough you can take advantage of.

[Gator-hex]

It's probably just an illegal trick traders use called a "wash trade"

You sell hard to flush people out of their positions and buy back once you reach a target price.

As this exchange in unregulated expect a lot of trader tricks as hedge funds move in.

[Gabi]

Crash? This was the last chance to buy at 53! Right now it is back at 65 

[MIST514]

Agreed mate - Can anyone introduce me to new BTC trading sites ? I always gotta do cash deposits at a bank ( pay 8 points on the deposit too ) .... I live in AUS. I cannot trade it real time when banks are closed.  I did panic slightly but woulda loved to purchase at 54AUD where it was at. THanks....

Any luck on localbitcoins.com?

Haven't really checked that....either way, that is US server, I am in AUS. By the time money xfers real time plus xfer fees not worth it. I'll look into this tho, I will go open CITIBANK account and open up a US version as well. Can xfer money real time with no fee's.

CHeers mate

[MIST514]

Wish I was one of those "sellers" that made the price drop....there were a few millionaires made today or at least a few peeps that made a free car, free something ! MADE MONEY !!!!

[JordanL]

I didn't think I'd ever get another chance to buy coins in the $60s, loving it.

I hope it "crashes" again. Sell everyone, sell! Bitcoins are worthless!!! The bubble is about to burst!! Sell!!!!!!!!!!!!

 

[v7znay]

Wish I was one of those "sellers" that made the price drop....there were a few millionaires made today or at least a few peeps that made a free car, free something ! MADE MONEY !!!!

I don't think it's right to call it free, they took risks in trading but it paid of in the end, lucky and smart I would say..

[fiddelingones]

Wish I was one of those "sellers" that made the price drop....there were a few millionaires made today or at least a few peeps that made a free car, free something ! MADE MONEY !!!!

o man, there is nothing free. The risk of losing is so high i only put small amount of savings for "just in case" scenario. But feel free to put it all in if you feel gambling

[MIST514]

I didn't think I'd ever get another chance to buy coins in the $60s, loving it.

I hope it "crashes" again. Sell everyone, sell! Bitcoins are worthless!!! The bubble is about to burst!! Sell!!!!!!!!!!!!

 

"like"

[MIST514]

I got in late - I got mine at 46AUD......but that crash I coulda bought heaps more at the same price.

[Sojyujai]

There have been a few of these "crashes" over the last few weeks.  The only one that had any explanation that I'm aware of was the blockchain fork, and even that only lasted a few minutes.  The price seems to drop radically then rebound just as radically.  It IS a great buying opportunity, except that when volumes get high like that, mtgox gets so laggy I've found it's almost impossible to sell and buy back again at a lower price before all the fun is over.  You really need to set up some bids at lower prices in advance and then hope the price drops.