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Bitcoin Forum > Economy > Economics > Speculation > And the verdict is in! All exchanges TANKING.
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Author Topic: And the verdict is in! All exchanges TANKING.  (Read 1272 times)
NikolaTesla (OP)
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April 12, 2013, 02:08:54 AM
 #1
Down to $50-$70 on smaller exchanges, $76 on Gox.... all falling fast.

Looks like the bears win!

http://www.webwiseforradio.com/site_files/625/Image/BEAR(1).jpg
Zaih
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April 12, 2013, 02:16:42 AM
 #2
Grats bears Sad
yokosan
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April 12, 2013, 02:18:35 AM
 #3
Happy days for me as I have my short term bear hat on.
proudhon
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April 12, 2013, 02:21:00 AM
 #4
There wasn't ever a serious question about which way this would go...right?
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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April 12, 2013, 02:21:43 AM
 #5
Last I checked- they aren't tanking.
more or less retired.
darkmule
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April 12, 2013, 02:21:56 AM
 #6
Quote from: NikolaTesla on April 12, 2013, 02:08:54 AM
Down to $50-$70 on smaller exchanges, $76 on Gox.... all falling fast.

Looks like the bears win!



I hope they win even more.  I'd like to buy back in at a better bottom.
NikolaTesla (OP)
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April 12, 2013, 02:23:41 AM
 #7
Quote from: proudhon on April 12, 2013, 02:21:00 AM
There wasn't ever a serious question about which way this would go...right?

The Speculation forum is still full of people who believe in $300+ bitcoin lol
Krabby
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April 12, 2013, 02:24:21 AM
 #8
Does not appear to be going down...

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darkmule
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April 12, 2013, 02:26:47 AM
 #9
Quote from: NikolaTesla on April 12, 2013, 02:23:41 AM
Quote from: proudhon on April 12, 2013, 02:21:00 AM
There wasn't ever a serious question about which way this would go...right?

The Speculation forum is still full of people who believe in $300+ bitcoin lol

It'll happen.  The next bubble will be even higher than that.  Maybe the next bubble hits a grand before crashing.
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April 12, 2013, 02:28:02 AM
 #10
Quote from: Krabby on April 12, 2013, 02:24:21 AM
Does not appear to be going down...
This... 70ish seems to be the bottom of this swing thus far. Lots of buyers. LOTS of strong hands.
Wuji
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April 12, 2013, 02:29:23 AM
 #11
It generally make the huge movements during the day.  I expected it to be around $70-$80 tonight and go under $50 tomorrow as I said in another thread when Mt. Gox shutdown.
proudhon
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April 12, 2013, 02:30:29 AM
 #12
Quote from: NamelessOne on April 12, 2013, 02:28:02 AM
Quote from: Krabby on April 12, 2013, 02:24:21 AM
Does not appear to be going down...
This... 70ish seems to be the bottom of this swing thus far. Lots of buyers. LOTS of strong hands.

We're only 30 minutes on.  I gotta go to bed, but when I wake up I'm sure prices will be lower.  Everyone do the reverse Wagner!  DOWN, DOWN, DOWN!
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
BitPirate
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April 12, 2013, 02:31:37 AM
 #13
Proudhon has spoken! $80 is the new floor then!
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April 12, 2013, 02:32:18 AM
 #14
Quote from: Wuji on April 12, 2013, 02:29:23 AM
It generally make the huge movements during the day.  I expected it to be around $70-$80 tonight and go under $50 tomorrow as I said in another thread when Mt. Gox shutdown.

This, not everyone keeps tabs on the exchanges 24/7... there will still be people seeing the price 6 hours from now and panic sell
BitPirate
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April 12, 2013, 02:34:40 AM
 #15
You seriously think that people holding Bitcoin won't have noticed what has been going on the last few days? And *then* panic sell?

What planet do you live on sir?
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BitcoinAshley
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April 12, 2013, 02:35:05 AM
 #16
Sorry, I don't see anything tanking. My low bids on Bitfloor haven't even been touched.

Go Bitcoin!

As of posting: $88 Gox (427 seconds ago), $84 Bitfloor (presently.)
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