A dark day in the history of bitcoin.....

[gonefishing510]

F u

[BittBurger]

LOL... my buy orders are waiting anxiously...

Im salivating at the possibilities .... yummmmmmmmmm

[PenAndPaper]

LOL... my buy orders are waiting anxiously...

Im salivating at the possibilities .... yummmmmmmmmm

Where are your buy orders? At 100$ ? Because so far i can't see any buy orders   

[niothor]

Let us pray........

Done. 10k here we go!!!!!!

Dark? You called this dark day?
Then Bitcoin survived a full Armageddon and the whole Dark Ages  , twice.

[jamesc760]

So many drama queens...

[msc]

LOL... my buy orders are waiting anxiously...

Im salivating at the possibilities .... yummmmmmmmmm

Bitcoinity seems to be down again, so I assume that means everyone else is waiting anxiously too.

[Honeypot]

It's a brilliant day. May BTC go down to 600 before the next bubble.

People who bought it at 1100 should hope it actually hits 10k, but I highly doubt next one (without sudden influx of fool's gold from get-rich-quick crowd outside of china and/or another chinese attempt at controlling prices) will get higher than 4000.

If it even gets that high - remember that cryptocurrency is a highly unstable and relatively untested concept compared to what is the norm right now. In order for it to shoot up to 10k and above, bitcoin and its kind will have to offer more than momentary lure of quick money fueled by speculators, as it was languishing in 150 before shooting to 1000 for most of 2013.

Everyone knows the primary reason for the sudden influx of capital is the chinese participation and US government interest that brought the capital and publicity to the general public.

While I do have a substantial amount of confidence in the cryptocurrency vision, I would think back to how email and internet was eventually put into a proper place among the world business - not as revolutionary and apocalyptic as some of the 'prophets' said while frothing at the mouth, but still very much significant and influential that places it amongst one of the most important events in recent history.

[pand70]

It's a brilliant day. May BTC go down to 600 before the next bubble.

It's a brilliant day if you sold at 1000$. For everyone else it is just a nightmare. Also no thank you. We don't want any more bubbles.
Just a slow and steady growth.

[Jcw188]

Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.

[pand70]

Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

[windjc]

Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

Not that same day, but the market was looking for an excuse, any excuse to drop. It got one and responded accordingly.

[N4D3B337Z]

So many drama queens...

Boy I tell ya 

[outofservice]

Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

Completely Agree!  All indication was a steady climb. Nobody could have predicted the bad news and panic sells. The bad news was really the only thing that could cause what it did.

[msc]

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.

Nobody could have predicted the bad news and panic sells. The bad news was really the only thing that could cause what it did.

Anyone with stock market trading experience could have predicted the drop.  Just not the exact moment.  I didn't expect it myself, but that's because I have money invested, and I want the price to stay above $1000.  But while Bitcoin may be new, the price action is nothing that hasn't been going on since the stock market of the early 1900's.

[pand70]

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.

You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.

[msc]

You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.

Sure, it may take some time, but I wouldn't be surprised if it happened quickly.  I guarantee that right now there are a lot of people who want back in.  Or, want to get in.  Whether or not they do, and when, remains to be seen.

[BitChick]

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.

You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.

Why do people buy lottery tickets?  Sure Bitcoin is risky and right now people are more anxious than usual because of the drop but once the price starts rising quickly again they will throw money in like crazy not wanting to be left behind.  It is just human nature. 

[N4D3B337Z]

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.

You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.

apparently time is on our side bro 

[shadowninjax]

I too think that it will rise soon. But we never know if a good or bad news is lurking behind.