Rate drops rapidly now

[bitteriest]

Are we going to see 200-300$ level again ?

[wopwop]

no lol never

[frankenmint]

okay breathe.....look at prices from  3 days ago...it couldve gone either way with us seeing past 900 today or the pricecorrection happening to where we are back to the high 400s....I'm seeing it flutter around 650-660 ish on gox for the past 30 min.  It was dropping fast before that.

[speeder]

The RSI at least is doing what it did in the last crashes: It got above 90 (94 this time) and now is getting down very fast (it is currently 72.9, but might go lower before the end of the day)

All last crashes (like this April, or the 32 crash) had the same behaviour in the RSI.

[bitteriest]

what a roller coaster. It makes me dizzy.
I wonder if it's a real volume or someone is just selling and buying like crazy from himself.

 

[El Dude]

litecoin holding strong

[Fairfax]

I am glad to see the price go down, it will take less money to buy more coins and this is a good time to short bitcoin.

[drawingthesun]

Please move this to the speculation forum. Bitcoin price rallies, drops and changes are not meant to be discussed here.

[BittBurger]

Please move this to the speculation forum. Bitcoin price rallies, drops and changes are not meant to be discussed here.

Pretty sure the moderators already know how to do their jobs.

[GigaCoin]

I wish to see $200 again that would be a happy day !

[ajax3592]

I wish to see $200 again that would be a happy day !

Of course its coming   

[exstasie]

If you keep an eye on stuff, it is very plausible to make some quick money.  Especially when the price went from $850 down to $500...craziness.

[HappyBitCoinUser]

People are panic selling, and the price is going down, probably back to $140.

Sell now while your coins still have value, before other people do.

[TERA]

People are panic selling, and the price is going down, probably back to $140.

Sell now while your coins still have value, before other people do.

No it's not panic selling

[MoneyMorpheus]

I'm holding, china is sleeping and its price is 5047 cny, which equals to 828 usd. I think the rally will continue to at least 1k. I'm hoping I'm right 

[humanitee]

People are panic selling, and the price is going down, probably back to $140.

Sell now while your coins still have value, before other people do.

No it's not panic selling
IMG

*Whistles*

[antimattercrusader]

[Maged]

People are panic selling, and the price is going down, probably back to $140.

Sell now while your coins still have value, before other people do.

No it's not panic selling

IMG

Huh? That looks like panic selling to me. "Linear" growth on the transaction volume (on the logarithmic scale, so not really linear, but you get what I mean) would indicate healthy growth to the bitcoin price, sure. Exponential growth, on the other hand, (again, on the log scale) means that people are running for the doors. This is otherwise known as panic selling.

[TERA]

Oh when I think of panic selling I think of traders seeing the price drop and then impulsively selling. Not whales moving around massive amounts of coins beforehand to do premeditated dumping.

[theonewhowaskazu]

So I'm not seeing why this is so bad. I mean, we're still above where we were before the Senate meeting, by like $150.