del.

[ancientcoins]

del.

[shinratensei_]

WTF was that? Looks like just an error from the coinbase itself. Assuming there were a hundred thousands if bitcoin gets dumped on coinbase.

I can't believe if there some people be able to buy hundred of btc at that price.
It's could be just a problem from the coinbase itself.

In this time there is no press has made a publication about that thing. I think the dip is fake.

[ancientcoins]

WTF was that? Looks like just an error from the coinbase itself. Assuming there were a hundred thousands if bitcoin gets dumped on coinbase.

I can't believe if there some people be able to buy hundred of btc at that price.
It's could be just a problem from the coinbase itself.

In this time there is no press has made a publication about that thing. I think the dip is fake.

BTC Soap bubble burst!
https://tradeblock.com/markets/base/xbt-usd/1h/
This is Signal Sell all Btc 2013 is coming

[ebliever]

Probably just a glitch. A week or two ago Coinmarketcap was claiming Bitcoin was at $1500-1525 for a couple minutes. :-)

No sign of trouble here: https://coinmarketcap.com/currencies/bitcoin/#markets

[Apriand]

Is this real? What happen with bitcoin?  Who are lucky people can buy BTC @ 0.06 USD? May be he/she will become rich soon if bought alot BTC at that price.

[xuan87]

I think it just an error, I just checked in other place it looks fine and still got excellent value, it is impossible bitcoin price will suddenly drop like that, we still got a lot of loyal bitcoin user and a lot people who willing to invest some of their money for bitcoin

[digaran]

Just a lie, an attempt to troll and scare people causing chaos, but idiots must be idiots otherwise you couldn't call them idiots lol.
Don't you guys fall for it and dump your coins, well you couldn't even if you wanted because there are big buy walls above $1100.
BU has 40% of the support now and SW has 28% even though F2pool is signaling SW.
Even if they hard fork the blockchain price wouldn't go below $500 I can promise you that.

[ancientcoins]

Just a lie, an attempt to troll and scare people causing chaos, but idiots must be idiots otherwise you couldn't call them idiots lol.
Don't you guys fall for it and dump your coins, well you couldn't even if you wanted because there are big buy walls above $1100.
BU has 40% of the support now and SW has 28% even though F2pool is signaling SW.
Even if they hard fork the blockchain price wouldn't go below $500 I can promise you that.

How you think whether sale could be one orders?

[digaran]

Just a lie, an attempt to troll and scare people causing chaos, but idiots must be idiots otherwise you couldn't call them idiots lol.
Don't you guys fall for it and dump your coins, well you couldn't even if you wanted because there are big buy walls above $1100.
BU has 40% of the support now and SW has 28% even though F2pool is signaling SW.
Even if they hard fork the blockchain price wouldn't go below $500 I can promise you that.

How you think whether sale could be one orders?

You are talking nonsense, wtf do you mean sale could be one orders? that one and that s makes it confusing, no one is stupid enough to dump down the buy orders, I bet there are bots programmed to buy at $500 even if the volume is more than 200k bitcoins, someone with large amounts of Bitcoins is not a stupid person and even if by some miracle they are they at least know to dump in 10+ exchanges and not just 1or2.

I'm sure there are people setting their bots to buy at $100 per coin even if the volume was 2m BTCs.
It could've been a hacked bot or a fatal error of a bot to dump and that's very fortunate for buyers and very unfortunate for seller.

I'd advise to return them back if it was some kind of error/mistake because that kind of money will only cause cancer if you know what I mean.

[Winner]

Just a lie, an attempt to troll and scare people causing chaos, but idiots must be idiots otherwise you couldn't call them idiots lol.
Don't you guys fall for it and dump your coins, well you couldn't even if you wanted because there are big buy walls above $1100.
BU has 40% of the support now and SW has 28% even though F2pool is signaling SW.
Even if they hard fork the blockchain price wouldn't go below $500 I can promise you that.

What are you even stating? BitcoinWisdom is lying?
If you go to BitcoinWisdom.com you could see the chart for yourself and notice the major dump that the OP is writing about,

Code:

https://bitcoinwisdom.com/markets/coinbase/btcusd

The timestamp is also there on the right if you want to get a little bit technical.

It might be an error on Coinbase it's either that or there isn't as much people using Coinbase as we think and they are just trying to manipulate the price.

[Sadlife]

The current Bitcoin price is $1177.92

You could check it in:
http://coinmarketcap.com

I guess that's just some bug or an error to the site.

[OROBTC]

...

Has to be a glitch/error/hack of some sort.  Every time today I have looked at the price of BTC, it has been in the $1180 - $1195 range.

No way did BTC price go down to 6 cents.  That would have been the world's most epic flash-crash, losing 99.995% or so of its value in minutes.

[RoommateAgreement]

bitcoinwisdom's api is known to do some stuff like this, and they are just bugs because of errors that happen in their connection to the exchange api (coinbase may have given wrong data) or in the calculations the bot makes.
and this is nothing new. first big one but not new.
go visit coinbase directly to see what i am talking about.

[(altair)]

I really do think that this graph is just an result of an bug on the website and in coinbase it self.If this was then real why people will sell a bitcoina at 0.06$ where bitcoins is sitting at $1200 mark on this hours.This is just a pure glitch or bug

[Weatherby]

It is not an epic dump,it is just an epic bump in the form of a glitch and nothing else,either someone made a mess with it as there is no way someone is going to sell when the market is above $1200.You really cannot determine the price of bitcoin with a stupid sell order of one single coin.

[Winner]

bitcoinwisdom's api is known to do some stuff like this, and they are just bugs because of errors that happen in their connection to the exchange api (coinbase may have given wrong data) or in the calculations the bot makes.
and this is nothing new. first big one but not new.
go visit coinbase directly to see what i am talking about.

You can't be serious.
You don't have to post meaningless things within this thread to increase your post count.

Did you even visit Coinbase and look at the chart? Although I agree with you that BitcoinWisdom sometimes has its errors and some data isn't 100 % accurate -this just isn't the same situation.
If you want the proof then here's the website for more accurate information rather than just using BitcoinWisdom.

Code:

https://www.gdax.com/trade/BTC-USD

The price goes down to 0.06 as you can see in the picture.

[RoommateAgreement]

bitcoinwisdom's api is known to do some stuff like this, and they are just bugs because of errors that happen in their connection to the exchange api (coinbase may have given wrong data) or in the calculations the bot makes.
and this is nothing new. first big one but not new.
go visit coinbase directly to see what i am talking about.

You can't be serious.
You don't have to post meaningless things within this thread to increase your post count.

Did you even visit Coinbase and look at the chart?

i made the part you missed into bold. please read my comment again.
and i don't need to visit coinbase to know the dip to 0.06 USD is a bug. since (as i said) this is not the first time.

and if you look at the volume the volume doesn't even show such a dip. you know there is resistance in going down.

[ImHash]

I couldn't find how many bitcoins were sold for that price? why wasn't I there at that exact time you know it also could be someone trading to himself.
And coinbase is in a hang state right now I think they've been hacked or something? could the hacker dump? but why would they? maybe they could only change inside of the exchange?

[pooya87]

I couldn't find how many bitcoins were sold for that price? why wasn't I there at that exact time you know it also could be someone trading to himself.
And coinbase is in a hang state right now I think they've been hacked or something? could the hacker dump? but why would they? maybe they could only change inside of the exchange?

dude this is bitcoin and this is a big bitcoin exchange we are talking about! not a random shitcoin on a random small exchange!
even a dump to that low needs an unbelievable amount of bitcoin, because apart from current existing buy orders there will be lots more buy orders set when the price moves through bots that are watching the market.

and if you check the volume it has been less than other days! it is showing 3972BTC while last day was 5663BTC. if you believe with 4K bitcoin you can dump the price back to 0.06 then you must check some resistances next time.

p.s. https://www.gdax.com/trade/BTC-USD can be opened easily, you must be having some internet issues.

[SvenBomvolen]

This topic made me shocked, but I checked and bitcoin has te same high price as before. So it probably was a mistake in the programm or maybe even a hackers' attackt. Now I am wander are there people who could buy bitcoin by such cheap price? If someone could, please write here.