The Bitcoin Crash Has begun. No worries

[deisik]

Billions believe in a god.   

All others must pay cash!

[deisik]

Yes let's talk about $500 again!

Looking at the recent upway swing, we have all the potential...

[derpinheimer]

It's capping out, that's good. not every single person in the world is going to adopt at this stage, we just saw a wave. More will come later, but a slight correction ~200-250 my guess. hopefully there's some lower crashing first, I need more coins.

ofc the USD/BTC thing shouldn't matter...

+1 I need some more coin. Hoping to see the $120 but i think you might be correct

Hah, hoping to see the $0.1

we can only hope

+10
if it hits $0.1 i'll re-mortgage and buy them all!

If it hits $0.1, dont you think there would be a good reason? Lol.

Thats what I always ask myself... if it went to $50 tomorrow, would I REALLY want to buy? Prob not. So dont even waste time thinking about it

[deisik]

Thats what I always ask myself... if it went to $50 tomorrow, would I REALLY want to buy? Prob not. So dont even waste time thinking about it

You could just buy less! So, when it rebounds (if ever), you won't be biting your elbows. If it doesn't, you won't be either...

[marcotheminer]

Thats what I always ask myself... if it went to $50 tomorrow, would I REALLY want to buy? Prob not. So dont even waste time thinking about it

You could just buy less! So, when it rebounds (if ever), you won't be biting your elbows. If it doesn't, you won't be either...

Smart thing! Ill keep that in mind!

[deisik]

Smart thing! Ill keep that in mind!

You're welcome!
But never ever average down however itchy, otherwise you get burned!!!

[BitChick]

I am actually somewhat surprised that there has not been more sell offs when there is dumping going on.  There seems to be a pattern of someone (or group) dumping coin on all of the exchanges at the same time, probably with hopes of making other people panic and sell off coin so that they can pick up more cheaply.  However, there is more support than there was in April and the price does not seem to be as manipulated as it was then.  I hope that people trying to induce panic selling are losing profits with each attempt.  If no one sells off their coin then how will it help them?  They will have to buy back, and most likely at a higher price then they dumped at if other people jump in and take advantage of the amount they dump on the exchanges. 

[theecoinomist]

200 300 is new floor IMO

FTFY

[deisik]

I am actually somewhat surprised that there has not been more sell offs when there is dumping going on.  There seems to be a pattern of someone (or group) dumping coin on all of the exchanges at the same time, probably with hopes of making other people panic and sell off coin so that they can pick up more cheaply

This pattern can be explained by there being only one "real" exchange, all others simply mirroring the trends of this "master" one...

[deisik]

I hope that people trying to induce panic selling are losing profits with each attempt.  If no one sells off their coin then how will it help them?  They will have to buy back, and most likely at a higher price then they dumped at if other people jump in and take advantage of the amount they dump on the exchanges. 

Why not consider the idea that the drive up was actually manipulated? It seems to me more logical and less risky taking into account that Bitcoin is currently "on the rise"

[afbitcoins]

If a big sell happens on one exchange the price falls on that exchange, if it is significant enough then tranders will see the cheaper bitcoins on that exhanange and buy them. the price will always tend to equalise between the exchanges. Its called arbitrage. (except Mtgox is a bit different because you can't easily sell for US$)  

I think the price may fall down to about $260 ish over the next few weeks in a mini bear trend. After that next leg up may take us somewhere near or beyond $600. Thats based on my idea that we have a cup n handle formation, with the handle being formed just now.

[deisik]

If a big sell happens on one exchange the price falls on that exchange, if it is significant enough then tranders will see the cheaper bitcoins on that exhanange and buy them. the price will always tend to equalise between the exchanges. Its called arbitrage. (except Mtgox is a bit different because you can't easily sell for US$)

It may work if the exchanges are independent and there're market makers on them. Are there any MM's on BTC exchanges, lol?

[notthematrix]

If a big sell happens on one exchange the price falls on that exchange, if it is significant enough then tranders will see the cheaper bitcoins on that exhanange and buy them. the price will always tend to equalise between the exchanges. Its called arbitrage. (except Mtgox is a bit different because you can't easily sell for US$)

It may work if the exchanges are independent and there're market makers on them. Are there any MM's on BTC exchanges, lol?

You can only spend btc ones.... this is also the case voor bankers , who can spend a dollar multple times , because of leverage
So when you dump you can not buy back bitcoins at lower price , nodbody will sell you bitcoins
unless you manage to buy back your own. but changhes you can de that are zero.

[deisik]

You can only spend btc ones.... this is also the case voor bankers , who can spend a dollar multple times , because of leverage
So when you dump you can not buy back bitcoins at lower price , nodbody will sell you bitcoins
unless you manage to buy back your own. but changhes you can de that are zero.

So, if I get your point right, those BTC exchanges are fake?

[cp1]

Looks like no stopping until $1000

[Ruzka]

Looks like no stopping until $1000

I sure hope that's how it go's. Will have made a good amount of money.

[smoothie]

The crash has begun .....


UPWARDS lol 

[Paladin69]

Movement is a lot slower.  I think few actors are trying to take it to 500 and then profit-take.  The volume isn't impressive.

[Carra23]

I expected it to go down after touching 400. Its still looking quite strong. Still too early for $1000.

[SemiMolten]

Im looking for it to go $450 and go down and stablize