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Author Topic: CRASH!  (Read 24058 times)
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September 06, 2011, 12:30:11 PM

Alright.  I've just seen the reason why bitcoins are crashing:

Swiss Franc
-8.65%    09/06-08:28    0.8551    1.1695    

The Swiss are dumping their currency, and in a panic are dumping their bitcoins too.


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September 06, 2011, 12:30:34 PM

These low numbers are making me want to buy Bitcoin when I do not have extra money to invest.  Holy fuck I had a joke order on Tradehill for like six bucks something a while ago, I never dreamed the day it would go through Smiley

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September 06, 2011, 12:47:04 PM

Looking at MtGox Live, I've never seen asks and bids so lopsided before.  Looking at the number of bids we should have a very firm floor to not go below $6.  Asks have retreated to a fraction of bids.

Interesting times.  Eating popcorn and watching the action.

Remember when rallied when bids were a tiny fraction of asks?  It's like that.  The order book is not to be trusted.

Ok, I trust you are buying massive amounts of coins now then. right? RIGHT!?

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