Bitcoin Price Drop

[SimplyBTC]

Anyone have any suggestions as to why the price of bitcoins has dropped so much over the past 48 hours. They've lost about 25% of their value this weekend.

[BitPappa]

https://bitcointalk.org/index.php?topic=227980.0

[tokeweed]

seriously this could be 2011 all over again.

[cescan]

time to buy more btcs.

[BitPappa]

time to buy more btcs.

I agree. I buy on the way down (at least in theory). Tokeweek, are you still selling, or has it gone down enough that you're holding until you think it's time to buy?

[tokeweed]

nope just waiting for trend to reverse then i start buying back.

[bitleif]

Because this is the end of the mini-bubble that started at ~$80 on May 3rd. We may have more downside to go, and probably not in a straight line (meaning more mini-bubbles / bull traps.) My personal pulled-out-of-my-butt guess for an absolute bottom is around $50.

[mvidetto]

sell now or forever hold your piece

[anu]

seriously this could be 2011 all over again.

In 2011 many expected Bitcoin to never recover and never even come close to the (June 2011) all time high again. As Bitcoin failed to meet these expectations once already, people are now only speculating on the low.

This bubble has to go without a desperation and capitulation phase.

[BitPappa]

nope just waiting for trend to reverse then i start buying back.

Does the past 8 hours qualify as a reversal of the trend?

[BitPappa]

Does the video at this link really prove to you smart people that manipulation was at play recently?

http://sirbitsalot.wordpress.com/2013/06/11/bitcoin-price-manipulation

(I'll also asked this on another thread I was participating on)

[SaintFlow]

seriously this could be 2011 all over again.

if it happens than bottom is at 32 Dollar

The amount of fractal technical-analysis attention this would cause ....

[lucas.sev]

seriously this could be 2011 all over again.

if it happens than bottom is at 32 Dollar

The amount of fractal technical-analysis attention this would cause ....

And if we cross 32 dollar... all hell will break loose.

[tokeweed]

seriously this could be 2011 all over again.

what do you guys think right now?  it could be, right?

[adamstgBit]

seriously this could be 2011 all over again.

what do you guys think right now?  it could be, right?

not a chance

[tokeweed]

k

[adamstgBit]

k

let me show you why ...

[Frozenlock]

k

let me show you why ...