Bitcoin down to $50 on other exchanges

[moni3z]

yes! Cavirtex crashing hard. time to go deposit cash

[Herodes]

Deflationary currencies don't work and never have. There is a reason no one uses the gold standard. Bitcoin is nothing but a zero sum ponzi scheme which is powered by the greed of idiots. Thanks.

LOL. That's all I've got to say about that.

[BlueTemplar]

I am so astonished.   What a crap  all over around  (all forums, portals, FB, twitter etc) ?  
A crash,,,?  Crash  A "massive crash"  ?!

What  crash ?  
Are't we simply where we all been only ONE (1!) week ago?  Just think of it !  ONE week ago.
How many days has passed since everybody was  sreaming   "look !  BTC is already $100+  today !

What matters is psychology. Same thing happened in 2011. People see curve go sharply down. Press says bitcoins "crashed". People lose confidence, and the crash becomes a self-fulfilling prophecy. Mtgox temporarily closing probably won't help either.

[alexh]

The prices are manipulated.

[rpietila]

The prices are manipulated.

Probably. But I just bought a few bitcoins at $62 so in that sense they are real.

[rpietila]

The prices are manipulated.

Probably. But I just bought a few bitcoins at $62 so in that sense they are real.