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Author Topic: 20123-11-10 Business Insider: Bitcoin Crashes Nearly 25%  (Read 1111 times)
neutrinox (OP)
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November 10, 2013, 07:27:53 PM
 #1
As expected many newspapers waited for the correction to shout "crash" instead of writing about the huge upswing we experienced:

http://www.businessinsider.com/bitcoin-crashes-nearly-25-2013-11
User705
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November 10, 2013, 07:29:39 PM
 #2
No news is bad news for bitcoin.  People see crash down to $300 and realize last time they saw it was crash down to $100.
 
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PumpkinCoin
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November 10, 2013, 07:33:24 PM
 #3
It "crashed" down to what it was two days ago....  BTC is done, over, kaput....  my BTC "evaporated" upwards like $10k in the last few weeks. 
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November 10, 2013, 07:38:04 PM
 #4
Yeah that crash was terrible ! OMG ! Bitcoin is definately doomed !

I suggest everybody sell their Bitcoins to me immediately for $50 each. I will fix your Bitcoin problems !
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Missionary
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November 10, 2013, 07:38:16 PM
 #5
Not even going to waste my time with a headline like this. Thx for posting.
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November 10, 2013, 07:41:27 PM
 #6
Quote from: Missionary on November 10, 2013, 07:38:16 PM
Not even going to waste my time with a headline like this. Thx for posting.

lol this even not an "article". It is just a chart with no explanation. This guy is probably the laziest journalist around  Cheesy
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Raoul Duke
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November 10, 2013, 07:46:59 PM
 #7
For a reason they're called Business Insider and not Bitcoin Insider.
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November 10, 2013, 08:13:35 PM
 #8
Quote from: PumpkinCoin on November 10, 2013, 07:33:24 PM
It "crashed" down to what it was two days ago....  BTC is done, over, kaput....  my BTC "evaporated" upwards like $10k in the last few weeks.  

I wish every month we'd have crashes where the ending balance is 100% higher than where it started.
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November 10, 2013, 09:19:37 PM
 #9
It is funny that the chart in the article does not even show a crash. The article says "crashed to $300", but the chart shows a rise to $300.
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November 10, 2013, 09:37:25 PM
 #10
Quote from: User705 on November 10, 2013, 07:29:39 PM
No news is bad news for bitcoin.  People see crash down to $300 and realize last time they saw it was crash down to $100.
This exactly! I tell people how great bitcoins is. I explain the fundaments. They are intrigued, but don't want to invest. They usually know the price.

Bitcoin "crashes" to a value above what they remember. They have the motivation they needed to think about the fundamentals, what bitcoin is, what it could be Smiley
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November 10, 2013, 09:42:13 PM
 #11
25% daily swings in the price of Bitcoin are normal.

It's happened at every price level, from sub-$1 to almost $400.
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November 10, 2013, 10:27:19 PM
 #12
i dont even noticed that "crash". its a normal day with BTC  Cheesy
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