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Herodes (OP)
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April 16, 2013, 06:56:59 AM |
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will we go under 50, and how low will we go ? What has triggered the big sell off today ?
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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darkmule
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April 16, 2013, 06:58:15 AM |
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A combination of stupidity and (perhaps) market manipulation.
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Zangelbert Bingledack
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April 16, 2013, 07:02:43 AM |
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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.
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evolve
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April 16, 2013, 07:06:32 AM |
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will we go under 50 Yes What has triggered the big sell off today ? shaken investor confidence. |
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wobber
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April 16, 2013, 07:09:44 AM |
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The bitcoins want my money and I'm too weak to fight them.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Herodes (OP)
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April 16, 2013, 07:13:53 AM |
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will we go under 50 Yes 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. |
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2dogs
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April 16, 2013, 07:16:43 AM |
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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? |
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🏰 TradeFortress 🏰
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👻
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April 16, 2013, 07:17:17 AM |
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Well, Low:$50.01000.
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Malawi
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One bitcoin to rule them all!
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April 16, 2013, 07:21:19 AM |
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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.
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BitCoin is NOT a pyramid - it's a pagoda.
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wobber
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April 16, 2013, 07:29:06 AM |
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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
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Crazy
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April 16, 2013, 07:29:49 AM |
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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. |
Elon Krusky
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wobber
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April 16, 2013, 07:33:04 AM |
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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
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Crazy
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April 16, 2013, 07:37:56 AM |
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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. |
Elon Krusky
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wopwop
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April 16, 2013, 07:39:05 AM |
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greed greed and some more greed
nothing else drives bitcoin
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