Bitcoin Crashes Nearly 25% - Joe Weisenthal at Business Insider

[AndrewWilliams]

Looks like our favorite Bitcoin writer has some more observations 



Bitcoin Crashes Nearly 25%
Joe Weisenthal Nov. 10, 2013, 11:51 AM 9,760 25


Another crazy day in the land of Bitcoin.

Yesterday it was nearly $400.

Today it's down to about $300. Just a 25% crash in the course of a day.

Here's the one-year chart via ClarkMoody:



http://www.businessinsider.com/bitcoin-crashes-nearly-25-2013-11

[BittBurger]

Was that the whole article? He's put out a few of those in the last several days which are less than four sentences long. Maybe his feelings got hurt when hundreds of intelligent people scorned him for being a bloviating lunatic last week.  See article "Bitcoin is a Joke".

[sushi]

Bitcoins are slowly entering the large market, coins are limited, once it get recognized as the mean of trade like credit card, price may continue to go up as mining is going to be so hard, and someone have to keep mining to maintain the transactions.  I might be wrong but...

[Spaceman_Spiff]

Was that the whole article? He's put out a few of those in the last several days which are less than four sentences long. Maybe his feelings got hurt when hundreds of intelligent people scorned him for being a bloviating lunatic last week.  See article "Bitcoin is a Joke".

The average post on the "Wall observer" thread has more substance... and that says a lot.

[JakeGold]

It's not a crash until it's down TO 25% 

[CMMPro]

In other news....bitcoin still up 200% this month.

[Gabi]

From 140 to 330=crash in today's journalism

[NUFCrichard]

On squawkbox they laugh about Bitcoin.  It is always just a funny aside when the price is going up, but another reason not to invest when it goes down.
I think bitcoin is far less of a bubble than the DOW at the moment.

[600watt]

as long as we keep "crashing" above previous ath, btc can continue crashing in that fashion, definitely ok with me 

weisenthal is butthurt, everyone can see it.

[the_sunship]

reminds me of what I read in my college days.
 
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

Arthur Schopenhauer

[BitchicksHusband]

reminds me of what I read in my college days.
 
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

Arthur Schopenhauer

Then you win - Gandhi

[Syke]

For someone who doesn't really like Bitcoins, he sure does post on them a lot. Is he a closet bitcoiner?

[smoothie]

lol rise 500% and crash 25% of that is a "crash".

Look at all the yuppies in the mainstream trying to call the "bubble" top and have failed for not 1, 2, but 3 years.

Current events for future trends. These idiots will continue to be wrong on their forecasts (at least for the most part).

[AndrewWilliams]

I suspect Joe is trying to get Bitcoin to be dumped so he can buy at pre-2013 prices, LOL 

[RodeoX]

Let "Joe" believe what he wants. Bitcoin is now to big for me and you to deal with the foolishness of 3rd. rate reporters. I would just say "Oh, ok Joe. Thanks for the heads up." Then I would finish buying my new beach house with bitcoins.
Eventually Joe's single bitcoin will be worth $1000 and he will talk about how he was always into bitcoin. 

[JimboToronto]

lol rise 500% and crash 25% of that is a "crash".

Look at all the yuppies in the mainstream trying to call the "bubble" top and have failed for not 1, 2, but 3 years.

Current events for future trends. These idiots will continue to be wrong on their forecasts (at least for the most part).

They still have yuppies? I thought they were a fad in the 1980s.

 

[kkaspar]

I hope I won't sound inappropriate, but I would be surprised if a guy, whose last name is "Weisenthal", would praise bitcoin. What would be next? A Rothchild praising interest free banking?

[pand70]

The hooters video was nice though 

[ElectricMucus]

reminds me of what I read in my college days.
 
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

Arthur Schopenhauer

Then you win - Gandhi

First they are unaware of you
Then they laugh at you
Then they troll you
Then you get arrested and charged with criminal conspiracy -FBI

[AndrewWilliams]

I hope I won't sound inappropriate, but I would be surprised if a guy, whose last name is "Weisenthal", would praise bitcoin. What would be next? A Rothchild praising interest free banking?

Discriminate much?