100 cracked...time to buy?!!?

[lophie]

$91

[suryc]

I just bought in at $105 , what is the problem that causes this downturn?

In general the volume of bitcoin/fiat transactions is low -- too low to have a stable exchange rate.  There are 11 million+ btc existing and as long as the 24-hour btc/fiat volume is so low (it has rarely exceeded 1% of total btc), volatility is going to be a problem. It does not take much to manipulate / move the exchange rate.

[lophie]

i bought in at 15-75, so no problem for me (yet)

$89, Start eating your fingers

[worldinacoin]

Well at least I have enough Bitcoin to buy what I want, keeping it for transactions on the Internet.

[smoothie]

If I were you I'd set an alert at $80... no sooner

Will be funny if it doesn't get filled. 

will be funny when you see sun again after a year

Aww but now you are just assuming lol

I have diversified out of bitcoin too. Don't be too presumptuous.

My 10,000 LTC futures contract that I bought for $1400 back in April served me very well from user 420.

 

[KSV]

buy all the way down. . . worked b4 will work again.

[erk]

It's interesting to look at the Bitcoinity chart for the past 12Hours, BTC flat no volume stable, then all of a sudden, around the time Europe wakes up, bang huge volume, down goes the BTC price. It's like it was a coordinated attack on the price, but to whose benefit?  Is there a futures market for the BTC/USD price where you can sell short leveraged and would gain from manipulating the price downwards?

[wopwop]

It's interesting to look at the Bitcoinity chart for the past 12Hours, BTC flat no volume stable, then all of a sudden, around the time Europe wakes up, bang huge volume, down goes the BTC price. It's like it was a coordinated attack on the price, but to whose benefit?  Is there a futures market for the BTC/USD price where you can sell short leveraged and would gain from manipulating the price downwards?

its miners selling
are you an idiot really thinking its an attack.. jesus have mercy on this stupid soul

[erk]

It's interesting to look at the Bitcoinity chart for the past 12Hours, BTC flat no volume stable, then all of a sudden, around the time Europe wakes up, bang huge volume, down goes the BTC price. It's like it was a coordinated attack on the price, but to whose benefit?  Is there a futures market for the BTC/USD price where you can sell short leveraged and would gain from manipulating the price downwards?

its miners selling
are you an idiot really thinking its an attack.. jesus have mercy on this stupid soul

Speaking of stupid souls, perhaps you need to work out how many BTC are mined in a day first,  I will save your poor brain the headache and do it for you 144 blocks of 25 coins = 3600 BTC mined  per day. 85,000 BTC have already moved in this dump in the past few hours, of which the recently mined portion is insignificant.

All the miners suddenly wake up at the same time and say 3..2..1...sell! Yeah right.

Even an idiot miner knows the to sell little parcels slowly is more profitable then all at once in a dump.

[wopwop]

It's interesting to look at the Bitcoinity chart for the past 12Hours, BTC flat no volume stable, then all of a sudden, around the time Europe wakes up, bang huge volume, down goes the BTC price. It's like it was a coordinated attack on the price, but to whose benefit?  Is there a futures market for the BTC/USD price where you can sell short leveraged and would gain from manipulating the price downwards?

its miners selling
are you an idiot really thinking its an attack.. jesus have mercy on this stupid soul

Speaking of stupid souls, perhaps you need to work out how many BTC are mined in a day first,  I will save your poor brain the headache and do it for you 144 blocks of 25 coins = 3600 BTC mined  per day. 85,000 BTC have already moved in this dump in the past few hours, of which the recently mined portion is insignificant.

i said in another topic miners were selling their profits of the past 3 weeks. which is about 75k bitcoins

[aceking]

yes it is time to buy

[tiberiandusk]

[600watt]

I just bought in at $105 , what is the problem that causes this downturn?

lol, i thought i am the only one that feels like this.

i bought massive 2 weeks ago. 

[tiberiandusk]

I just bought in at $105 , what is the problem that causes this downturn?

lol, i thought i am the only one that feels like this.

i bought massive 2 weeks ago. 

Patience. Are you here to speculate or do you believe in bitcoin? I'm in this for the long haul and the trend has always been up with corrections along the way. You can panic and sell at a loss or hold and wait for it to recover which it always does.

[erk]

Patience. Are you here to speculate or do you believe in bitcoin? I'm in this for the long haul and the trend has always been up with corrections along the way. You can panic and sell at a loss or hold and wait for it to recover which it always does.

Trouble is that to have over 10% of the value of a currency wipes off in a matter of minutes, shows a total lack of stability, and does not go well for promoting crypto as an alternative to fiat. Mt Gox crappy software is to blame, they are killing crypto uptake. The buy and sell prices should have restrictions based on a weighted average, so you can't place too high or too low orders. Also their API orders should have time delays to prevent high frequency trading. This is supposed to be a stable currency, not a casino.

[Komodorpudel]

I just bought in at $105 , what is the problem that causes this downturn?

lol, i thought i am the only one that feels like this.

i bought massive 2 weeks ago. 

Patience. Are you here to speculate or do you believe in bitcoin? I'm in this for the long haul and the trend has always been up with corrections along the way. You can panic and sell at a loss or hold and wait for it to recover which it always does.

+1

Same for me....i bought at around 84 euros, but i believe in bitcoins so i said to msyself: You will hold them forever, even if the prive falls to 1 euro
Warren Buffet would do it the same way ..

[wopwop]

I just bought in at $105 , what is the problem that causes this downturn?

lol, i thought i am the only one that feels like this.

i bought massive 2 weeks ago. 

Patience. Are you here to speculate or do you believe in bitcoin? I'm in this for the long haul and the trend has always been up with corrections along the way. You can panic and sell at a loss or hold and wait for it to recover which it always does.

+1

Same for me....i bought at around 84 euros, but i believe in bitcoins so i said to msyself: You will hold them forever, even if the prive falls to 1 euro
Warren Buffet would do it the same way ..

gotta tell yourself lies to keep up your morale?

[N12]

This is supposed to be a stable currency, not a casino.

You must be new here.

Bitcoin isn't going to be stable for a long, long time and that's because the speculators need to figure out whether they are worth 0 or 100k.

[erk]

This is supposed to be a stable currency, not a casino.

You must be new here.

Bitcoin isn't going to be stable for a long, long time and that's because the speculators need to figure out whether they are worth 0 or 100k.

The value is something that can be worked out over weeks or months, not minutes.

[semaforo]

   I'll be glad if bitcoins move from the hands of speculators to the hands of bitcoin believers and people in countries like Argentina so that it can protect them from irresponsible central banks.

  Let the speculators and miners take their profits. We'll see just how useful all those dollars and euros are five years from now. I imagine there were people in the first crash from $30 who felt lucky because they sold all of their coins at $10 and stayed out.

   This reminds me of a Warren Buffett quote- "When people are being greedy, be fearful. When people are fearful, be greedy."