Time between high to low when the bubble bursted in April

[frenchie]

Hi,

I'd like to have some feedback from those of you who were holding bitcoins when the bubble bursted back in April.

I guess it only took a few hours before the floor was hit, but what was your reaction ? Did you figure that you had to sell instantly ?
How did the exchange websites reacted with the huge incoming traffic from panic sell ?

Thanks.

[Ricke]

When the bubble started to burst in April 2013, I was at work and couldn't access my Bitcoins from there.

My thought was best described by the famous four-letter vulgar "f" word. I encountered problems to follow the crash because the exchanges was under load.

When I was back home, I decided to keep my Bitcoins.

[Viperbass]

Right now I think bitcoin prices will be stable and increase with the +-30% hash difficulties every 2 weeks, should bitcoin prices drop to $200, guys who purchased some decent HW will be jumping off bridges.

[exstasie]

Right now I think bitcoin prices will be stable and increase with the +-30% hash difficulties every 2 weeks, should bitcoin prices drop to $200, guys who purchased some decent HW will be jumping off bridges.

If it drops back down to $200, I might have to load back up a bit on this.  Keeping this for the long run!

[beetcoin]

i was at 10 day meditation retreat.. by the time i came out, i heard from others that they went up to 260 and crashed and my mouth opened.

[Lauda]

Back then it crashed pretty quickly. Now it's just going up.

[majorX]

How did the exchange websites reacted with the huge incoming traffic from panic sell ?

MtGox had some problems, it took many hours before your BTC could be sold at unknown low price

Do not expect you will be able to sell immediately your BTC when crash starts

[xybersurfer]

i looked at that event a lot of times. it seems like the crash happened over several days. with the biggest drop in the first 2 days, so there was time to respond. here is a chart from bitcoin.clarkmoody.com

[Lauda]

There is much more buy support than before, won't really crash yet.

[zeraTunerse]

I did not have Bitcoins at April, but it seems just holding Bitcoins is better option than selling with a loss. When I look at chart, you can never be wrong with this strategy

[gjbronco]

According to the chart, it would have been best to sell on the first day if you could. You may have been able to profit or break even on the 2nd day. Otherwise, it was better to hold them. The first four days of the bounce were greater than the last four days of the crash.

[Lauda]

Price seems to be correcting itself.