Bitcoin Forum
April 19, 2021, 03:38:16 PM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Aaand we're almost back to Mid-March level (50)  (Read 992 times)
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
April 16, 2013, 06:56:59 AM
 #1

will we go under 50, and how low will we go ? What has triggered the big sell off today ?
1618846696
Hero Member
*
Offline Offline

Posts: 1618846696

View Profile Personal Message (Offline)

Ignore
1618846696
Reply with quote  #2

1618846696
Report to moderator
1618846696
Hero Member
*
Offline Offline

Posts: 1618846696

View Profile Personal Message (Offline)

Ignore
1618846696
Reply with quote  #2

1618846696
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
darkmule
Legendary
*
Offline Offline

Activity: 1176
Merit: 1005



View Profile
April 16, 2013, 06:58:15 AM
 #2

A combination of stupidity and (perhaps) market manipulation.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


View Profile
April 16, 2013, 07:02:43 AM
 #3

When you think about it, a drop to $50 (at least) is needed in order to shake out all the froth and euphoria we had going on. Unless it goes below $30 (and stays there for a while) there won't be any need for a more complicated explanation than that.
evolve
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


daytrader/superhero


View Profile
April 16, 2013, 07:06:32 AM
 #4

Quote
will we go under 50

Yes 

Quote
What has triggered the big sell off today ?

shaken investor confidence.
wobber
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
April 16, 2013, 07:09:44 AM
 #5

The bitcoins want my money and I'm too weak to fight them.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
April 16, 2013, 07:13:53 AM
 #6

Quote
will we go under 50

Yes 

Quote
What has triggered the big sell off today ?

shaken investor confidence.

Don't you think at one point the decline will fall as people now see they have the chance to get 'cheap' coins ? But at what point will it happen, and will we then again see a rapid acceleration of the price again ?

After all, it hoovered at 100 for a few days, and then all of a sudden down to 50 today.
2dogs
Legendary
*
Offline Offline

Activity: 1264
Merit: 1000



View Profile
April 16, 2013, 07:16:43 AM
 #7

will we go under 50, and how low will we go ? What has triggered the big sell off today ?

Trigger?  Can't say for sure, but the stock market and gold both took dives today.  
The Boston event?  Margin calls?  Deflationary spiral/liquidity crisis?

🏰 TradeFortress 🏰
CoinLenders / Inputs.io / CoinChat
VIP
Legendary
*
Offline Offline

Activity: 1218
Merit: 1028

reimbursements closed


View Profile
April 16, 2013, 07:17:17 AM
 #8

Well, Low:$50.01000.
Malawi
Full Member
***
Offline Offline

Activity: 224
Merit: 100


One bitcoin to rule them all!


View Profile
April 16, 2013, 07:21:19 AM
 #9

Seems like the price is dong some last twitches right now.

I think BTC just wants to rest now, find its cove and sleep for a few months.

BitCoin is NOT a pyramid - it's a pagoda.
wobber
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
April 16, 2013, 07:29:06 AM
 #10

Seems like the price is dong some last twitches right now.

I think BTC just wants to rest now, find its cove and sleep for a few months.


A few months is too much...

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Crazy
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
April 16, 2013, 07:29:49 AM
 #11

A few months is too much...
Hardly. Don't expect to revisit $100 until early- to mid-2014 at the earliest. And that's very optimistic.
wobber
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
April 16, 2013, 07:33:04 AM
 #12

A few months is too much...
Hardly. Don't expect to revisit $100 until early- to mid-2014 at the earliest. And that's very optimistic.

Can you detail why? You think 2011 is repeating?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Crazy
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
April 16, 2013, 07:37:56 AM
 #13

Can you detail why? You think 2011 is repeating?
I hope so. Confidence was crushed harder this time than last, and the next bubble, if bigger, will drop an even bigger hammer on confidence.
wopwop
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250



View Profile
April 16, 2013, 07:39:05 AM
 #14

greed greed and some more greed

nothing else drives bitcoin
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!