What has caused the latest drop > 114USD ( Now 107)

[gambitv]

Getting interesting now. We have crashed through 94. I read someone bleating on about it only really being worth 8USD per coin.

Getting out the popcorn, time to sit back and see where it goes.

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[tokeweed]

Getting interesting now. We have crashed through 94. I read someone bleating on about it only really being worth 8USD per coin.

Getting out the popcorn, time to sit back and see where it goes.

now that guy is just creating a doom and gloom scenario. no one really knows where this will go, when it'll stop.  all you can do is short sell, enjoy the ride and wait for the trend to reverse.

[Nik1ab]

It will rise again  Time to buy some ultra cheap coins 

[tokeweed]

an unlikely scenario but...  what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

[Eastwind]

Maybe the price will drop to the point that GPU miner will make to profit due to the electricity price. For me, it is $68.

[tokeweed]

interesting...  how much would the price of btc will that be?

[suryc]

an unlikely scenario but...  what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?

[freedomno1]

an unlikely scenario but...  what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?

Gets more popcorn out and brings some pizza

[tokeweed]

an unlikely scenario but...  what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?

Gets more popcorn out and brings some pizza

LOOOL

[tokeweed]

This can't of done it. http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/

I suspect it is the same people manipulating the market when the 20k were dumped earlier on the week.

Seems we are still in cowboy land on e-exchanges with easy manipulation by the big players.

are you really that naive that manipulation doesnt happen in, say, the new york stock exchange?

this is nothing new in markets. prices go up, prices go down. either way, you can profit. what sucks is when it is going sideways.

[gambitv]

Yes I am that naive, I am a computer programmer who has never dabbled in stocks or money markets.

Found this reddit post from someone who appears to know about trading. Lucky beggar got in at 10USD.

[Nik1ab]

These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol 

[tokeweed]

These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol 

yup and it was at 6 before that. stupid panic sellers...   

[KSV]

These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol 

hahaha true

[tokeweed]

These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol 

hahaha true

hihihi feel better now? hihihihi

[tokeweed]

but in all seriousness, is this 2011 all over again?

[tiberiandusk]

Yes I am that naive, I am a computer programmer who has never dabbled in stocks or money markets.

Found this reddit post from someone who appears to know about trading. Lucky beggar got in at 10USD.

They were $0.40 when I started.

[raze]

Decided to buy my first Bitcoin the other day which cost me $126AUD+fees. This is crap. I'll probably just try to buy another one or two if the price reaches $70 to even out the losses.

[Moebius327]

You think we will hit $50 today?

[kost]

That's just annual ASICMINER electricity bill, so they have to sell some BTCs