Price Drop 6/2/13!?!

[PurpleTentacle]

aaaand it's going down again, sadly I bought in at 124

[ondratra]

if someone just sold 20k he might be speculating or buying house

[dvc420]

Every time I see the price fluctuate I look at the YTD or all time charts to get some perspective. 
Remember you don't take a loss unless you sell low.  If you bought at 130 just relax.
I bought reddit gold and some actual gold from amagi with btc over the weekend.  I immediately bought more btc to cover the cost. 
The price didn't affect the transactions at all.  It is trending up overall.

[BitCoinNewGuy]

Now down to $115, I can see CoinBase stopping sales claiming they are "high risk transactions". Price down another $-8 since I made this post! (-$15 for the day).

What I am saying is that if the ball gets rolling there will be no stopping its decline!!

[Pajamaw]

Dammit that bastard couldn't have sold those yesterday? I just bought 2 for 130 haha.

[Birdy]

What I am saying is that if the ball gets rolling there will be no stopping its decline!!

Actually this is false.
It gets easier to stop it when it goes lower as you need less money to do so.
Just like it's easier to crash it with less Btc when it's going up.

[UniversalTrek]

Price fluctuates, dont worry about it.

[dwdoc]

Looks like 115 might have been bottom for now.

[PurpleTentacle]

Price fluctuates, dont worry about it.

Yeah, selling now would be plain dumb, the price is going to up again eventually.

[ruletheworld]

Someone selling 20k+ coins at once, we don't know why.
Maybe he couldn't buy the villa with Bitcoins yet.

How do you know that a 20,000 coin sell would caused the price drop of $8?

The charts show a straight line down, if it goes down in one go it was one big selloff.
Seems like there are still several smaller sell-offs going right now, if you watch them at http://bitcoinity.org/markets/mtgox/USD you can tell that those are most likely single-selloffs.

Damn that's a nice site, thanks for the link. That's what I wanted - ACTION on a lazy Sunday afternoon!

[bitcoinscanada]

Buy low, sell high..

[sabd]

Yes, holding seems a good option if you're like me - a pathetic excuse for a day trader. Lost 20 bitcoins so far trying to ride the highs and lows.

Every time I see the price fluctuate I look at the YTD or all time charts to get some perspective. 
Remember you don't take a loss unless you sell low.  If you bought at 130 just relax.
I bought reddit gold and some actual gold from amagi with btc over the weekend.  I immediately bought more btc to cover the cost. 
The price didn't affect the transactions at all.  It is trending up overall.

[ScrotumVoid]

Someone selling 20k+ coins at once, we don't know why.
Maybe he couldn't buy the villa with Bitcoins yet.

How do you know that a 20,000 coin sell would caused the price drop of $8?

There is speculation on Reddit.

[Trojan]

Looks like 115 might have been bottom for now.

[tinoki]

the normal up and down

[Cyberclones]

I kind of want it to drop to $100 since I was looking at buying a little...

[freedomno1]

Meh that was spare change didn't hit my buy point 

[BitCoinNewGuy]

Trojan, you have 1 post and -5 trust feedback. The hell?

Anyway, it will be interesting to see where btc goes from here...

[Logicfade]

Panic sell and price fluctuation

[worldinacoin]

It is not really a big drop, now it is at $119, BTC fluctuations are very high given the volatility, nothing to worry about.