The Bubble Popped

[Aco]

Looks like the price per BTC is plummeting and I am thrilled I sold half my coins at $196 (https://coinbase.com/charts).  Bought at $123-132. Super exciting! Saw the moving average analysis moving huge numbers around midnight my time and I was like screw it. It's too unstable. Extreme volatility. And sold half of my coins.

[coastermonger]

You can gloat all you want.  I for one, am happy to see cheaper BTC in the meantime!

[MaTachi]

During the last 4 hours it have gone from 215 to 185. But honestly, I expected it to rise for at least a couple of more days until the inevitable crash.

[600watt]

awesome. such a giant loss, but still above 190.

[MaTachi]

awesome. such a giant loss, but still above 190.

Wait, there is more

[User705]

And every single ASIC company is shitting their pants.

[600watt]

I'm buying back more whenever it dips! But I'm enjoying this extreme volatility  at the moment for profit sake.

watch out that yopu don´t miss it when it violently reclaims high territory.

[donjoe]

I'd been watching the Google Trends and wondering what the hell was going on and today I got my answer - unsustainably fast growth was going on. I wouldn't even call this a bubble-pop, as it was only a few days' worth of growth that got corrected.

[tempt]

So many experts here.  

[smoothie]

  Let the weak hands sell!

See you guys at $266, $500, $1000, etc.

[nottorious91]

Let the weak hands sell!

See you guys at $266, $500, $1000, etc.

That's code for "ohshi.. guys, pls bail my ass out"

[Herp]

pftt filthy weak hands

[MaTachi]

Let the weak hands sell!

See you guys at $266, $500, $1000, etc.

Yeah, they are worth AT LEAST $1000!!1!

[MaTachi]

I'm buying back more whenever it dips! But I'm enjoying this extreme volatility  at the moment for profit sake.

So true, traders paradise. Now the price could go under 100

Assuming they rise once again afterwards.

[Davyd05]

I'm buying back more whenever it dips! But I'm enjoying this extreme volatility  at the moment for profit sake.

So true, traders paradise. Now the price could go under 100

I texted my buddy, we can buy again lol.

I got in at $142 (3.17btc@ 450cad) for the long haul. Being able to get some more sub 140 is a-ok with me. Had I bought in say with 5k cad last week I would've sold half at 210-220 and re bought when the correction occurred.

I also kind of think of all the miners that were feeling a bubble thought we need to get some returns while the price is high and probably decided to sell some while it seemed best in a tight spot.

WOW btcchina just rollercoaster-ed lol

[Herp]

Before we all start calling Bitcoin a bubble again, let’s not lose sight of the fact that by creating $85 billion in new money every month, Ben Bernanke is creating the equivalent of 42 new Bitcoin markets (all the bitcoins in existence are worth only around $2 billion) every single month. That’s just the Fed, we all know central banks around the world are also printing.

http://libertyblitzkrieg.com/2013/10/23/bitcoins-biggest-exchange-is-now-in-china-as-the-price-tops-200btc/

[Puppet]

Interestingly, the price seems to hold relatively well in China

[Davyd05]

Interestingly, the price seems to hold relatively well in China

Mind you I was just about to make the same point, then re checked the ticker and saw some huge movements

http://bitcoinity.org/markets/btcchina/CNY

not anymore, I just watched it take a steep dive, to 1000 then back to 1100

[Shallow]

The market's a rollercoaster atm, fun times.

[terman45x]

Let the weak hands sell!

See you guys at $266, $500, $1000, etc.

Yeah, they are worth AT LEAST $1000!!1!

At least for me Bitcoins are worth more than $1000, I dont need to sell soon, I have enought fiat