04-24-13 BTC taking a hit!

[Eich]

whats the news?

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=1&i=5-min&c=0&s=&e=&Prev=&Next=&t=S&b=B&a1=SMA&m1=20&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

[funkmunk30]

thats some pretty movement!

[Eich]

thats some pretty movement!

What happened? did some news come out i haven't heard about? maybe its a bear trap?

[l4d2bob]

thats some pretty movement!

What happened? did some news come out i haven't heard about? maybe its a bear trap?

Paypal announced that they were considering taking Bit Coins as a currency. I presume that is what caused the rise. What is causing the fall however, I can't guess.

[dwdoc]

Buy low. Sell high. 

[Lhorus]

Buy low. Sell high. 

Than you should buy when others sells and sell when others buy. 

[mrkubanftw]

Lol iv been watching it all day. Went up to 140 early this morning and climbed slowly to almost 160. It trickled back down to 145 and is now right back up to 155 

[SpaceJunk]

Buy the rumor sell the news etc etc.

[AmbysWorld]

anyone have the link to the paypal rumor, or is it just a forum speculation post?

[infested999]

The PayPal rumor is true.

I was watching bitcoinity markets when the price fall happened, somebody sold so much the price went straight down to $150 and MtGox trading lag went up to 40 seconds. After that it jumped about 10 times back and forth and then the lag was gone.

Someone just got very rich!

[Birdy]

The PayPal rumor is true.

I was watching bitcoinity markets when the price fall happened, somebody sold so much the price went straight down to $150 and MtGox trading lag went up to 40 seconds. After that it jumped about 10 times back and forth and then the lag was gone.

Someone just got very rich!

There are still those people that bought in at a very low price, some of them will cash in.

[Eich]

anyone have the link to the paypal rumor, or is it just a forum speculation post?

Here it is:

Code:

http://thenextweb.com/insider/2013/04/24/paypal-president-is-fascinated-by-bitcoin-says-company-is-thinking-about-including-the-virtual-currency/

[dwdoc]

Only fair since kncminer is accepting Paypal!

http://www.kncminer.com/pages/payment

[DannyHamilton]

whats the news?

https://bitcoin-central.net/

Down for Maintenance

Bitcoin-Central.net is temporarily down for maintenance.

We have been compromised, please do not send any funds to your wallet.

A few hundred BTC have been stolen, but the amount is small enough for us to cover it fully.

Please do not call, do not e-mail. We will give you additionnal information ASAP.

[TheKoziTwo]

A massive hit indeed... guys... this crash is probably going to take several hours to recover We're back to the lowest point we have been for almost half a day! unbelievable!

[Eich]

whats the news?

https://bitcoin-central.net/

Down for Maintenance

Bitcoin-Central.net is temporarily down for maintenance.

We have been compromised, please do not send any funds to your wallet.

A few hundred BTC have been stolen, but the amount is small enough for us to cover it fully.

Please do not call, do not e-mail. We will give you additionnal information ASAP.

People are hungry for BTC. When the attacks and thievery stops, then ill start getting worried.

[zeocrash]

A massive hit indeed... guys... this crash is probably going to take several hours to recover We're back to the lowest point we have been for almost half a day! unbelievable!

Price is crashing, SELL SELL SELL!!! We're all going to die!!!

[OldGrumpy]

To add insult to injury, I accidentally sold some of my btc instead of buying some more after the drop. Duh. The move was interesting, though. At least it seems to recover slowly.