Bitcoin down big time...down $200 in a few hours

[crypto-dude]

Wow, this is due to China government? What the heck, what do you guys think the long term perspective? without government support, Bitcoin will be dead...

Comments?

[phazon307]

I don't think it will be dead as long as people still want them they will be worth something. The point of BTC is it is suppose to be away from governments control that is one of the points to it. As long as people want them will be worth something.

[jongameson]

luckily i bought puts at 1000

[Mota]

I think you should buy some more. In fact, I just bought another 3

[Kasandra]

it's not over. in china still much lower than on mtgox.

[BillionCoin]

BTC keeps going down and down

[raspcoin]

It is Christmas soon and also a good time for a break. Hopefully the price will have recovered after the holidays. I would recommend to buy at $600 if that ever happens, but it should still be profitable to buy now, especially in the long term.

[mindfulmojo]

Looks like it's going back up... 

One thing you can say about bitcoin,

it's definitely volatile in price..lol

[RodeoX]

Oh certainly. Without Communists, capitalism is dead. 

[ajax3592]

Oh certainly. Without Communists, capitalism is dead. 

Lol weren't communists supposed to be against capitalism according to their ideology ?

[Ardenyham]

Wow, this is due to China government? What the heck, what do you guys think the long term perspective? without government support, Bitcoin will be dead...

Comments?

China is not free country, so if this surprise anybody, he dont understand what communism mean

[Kasandra]

it's recovering.

[mistress_magpie]

Let it go down! Then people will buy stuff with it instead of hold, hold hold all the time.

it's a currency, not a stock

[hope4me]

Let it go down! Then people will buy stuff with it instead of hold, hold hold all the time.

it's a currency, not a stock

True, It shows spending Bitcoins is not bad idea at all, you can sometimes rebuy cheaper later 

[old_matey]

Bought not long before the price dropped

[Byte_Me]

good time to buy

[hunnaryb]

good time to buy

True, I have some buy orders placed so hopefully these gets filled

[hatajibr]

I think the price will be higher than 1000. Most likely after Christmas. Mining complexity increases, Bitcoin will grow in value.

[pokerFace2]

I think the price will be higher than 1000. Most likely after Christmas. Mining complexity increases, Bitcoin will grow in value.

Yes definitively long time value of Bitcoin rises given how much dollars invested in ASIC miners

[martingl08]

Don't worry. It'll be back up to its normal price range. And of course, it will then go down again. It's a vicious cycle.  

[BlueMonkey]

This is the time to buy btc 

[poewerden]

Price is not falling so fast anymore, seems clasical dump and spreading some FUD.

[soviel]

Yes, it is less and less worry some and each time the bottom is above the previous one. It's fairly easy to use it to BTFD (buy the f*cking dip) for a buy and hold strategy, and also to daytrade it without too much risk.

[Tarom]

As new developing markets will adopt Bitcoins more (in search of easy money, no more no less) price of bitcoin will pick up again due to demand- supply relationship. Bitcoin is starting to show up more in India and Indonesia for example, so no worried it will get back up there, due to speculators

[Laska_Forum]

BitCoin will grow and grow in next year.

[kostja]

how much dollars invested in ASIC miners

GPU scrypt mining is better

[dogeheredogethere]

$400/day shifts are nothing new for bitcoin. It will re-equilibriate

[neordicICE]

how much dollars invested in ASIC miners

GPU scrypt mining is better

Soon not profitable anymore, so lets mine while we can

[pand70]

Wow, this is due to China government? What the heck, what do you guys think the long term perspective? without government support, Bitcoin will be dead...

Comments?

Worst case scenario is that it will return to pre china hype levels. Although the hit will be huge because something that went for 1200$ to 200$ is not going to become appealing to investors any time soon.

[Dogelover206]

Is this due to the news from China and from Dogecoin rise?  Are people sick of Bitcoin?  I think this smells of market manipulation.

[zendantom]

Is this due to the news from China and from Dogecoin rise?  Are people sick of Bitcoin?  I think this smells of market manipulation.

This is becoming ridiculous, they called it joke coin for a reason !

[Sindelar1938]

I think this is a buy opportunity
Thinking of buying some later today

[occham]

There is a lot of instability. Individually, the volatility creates opportunity but does make people anxious.

Fundamentally, the advantage of digital currency over fiat will eventually come from the backbone, not the skin.  In my opinion, the coins themselves are the shiny object but the quick, accurate, and secure transfer of value will be what makes the digital coin world possible.

The problems that Crypsy is having is a major wakeup call.   People have to have confidence their money - be it bitcoin or yuan or dollar - is safe and accurately accounted for over time.

[gerXhonza]

Tommorow will be interesting what happens, so far the price fall slowed a lot, so it might become just small dip in graph data

[elove123]

I've been a long time stock player, made a fortune in 2008 off of AIG and Citi Group, now it's bitcoin plays that interest me, why? Because of it's volatility! I as with many speculate that "corrections will be made from time to time; what bitcoins volatility charts show is when to buy and when to sell. But this truly means nothing unless the value can be turned into good and services a consumer wants.

Here in is the problem, if as a trader you want more consumer goods using bitcoin what should you do?

#1 quick hipping the trades and start selling! You do this buy pointing consumers to the websites and businesses which accept bitcoin in trade.

#2 There is NO number two; as a trader help promote websites and businesses. it's common sense. Your goal may be to trade but it's and "end justifies the means" type of deal. Don't sell the market, no one cares and unless they understand trading they will never get involved.

Write blogs about the websites the accept bitcoin, tweet businesses that accept bitcoin. Stop talking bitcoin to people who do not understand and start selling the goods and services. The learning curve of bitcoin will follow at it own pace.

And any trader worth their salt knows one simple fact.... Who cares what the price is! If you buy low and sell high you make money. The problem is do you have enough money to play the game low as well as high!

[bitbridgett]

Do you think the price will drop down to the single digits again

[elove123]

In relation to my last post:

If everyone on bitcointalk posted a blog, make a tweet, or posted an FB status, or for that matter any social media activity in relation to bitcoin at the exact same time on the exact same day you/us as traders would see the benefit with in hours.

But this is nothing new! Big corporations do it daily. They know and time their advertizing to the second. What is the real goal of CEO's and presidents....? PUMP the stock!! How? Sell the goods!   

[pand70]

In relation to my last post:

If everyone on bitcointalk posted a blog, make a tweet, or posted an FB status, or for that matter any social media activity in relation to bitcoin at the exact same time on the exact same day you/us as traders would see the benefit with in hours.

But this is nothing new! Big corporations do it daily. They know and time their advertizing to the second. What is the real goal of CEO's and presidents....? PUMP the stock!! How? Sell the goods!   

Only that bitcoin is not a pump and dump scheme. And we are fed up with volatility already. We don't want to add more. Slow and steady growth is what we should look for from now on.

[elove123]

No I am not talking pump and dump, what I am saying is the bitcoin (crypto currency) is here, and will be now forever. It's the infrastructure that needs tending to.

Example: when I try to explain bitcoin to family or friends the very first words out of their month is, "what can you do with bitcoin." What I am saying is that it will only benefit bitcoin, bitcoin use, and bitcoin markets if the bitcoin communities EDUCATE rather than try to dominate.

NO pump and dump, but pump! The more "public awareness" the better bitcoin will function as a whole. And this in turn will help every one including traders. Therefore it is in everyone's best interest to educate the masses in the use of digital currencies. 

[ceyre]

Don't sweat the swings.
It's going to happen throughout Bitcoin's life.  Just hold and be happy to be a part of it all.

[elove123]

Don't sweat the swings.
It's going to happen throughout Bitcoin's life.  Just hold and be happy to be a part of it all.

I guess in my limited vocabulary this is what I am saying.

Don't focus on the markets move so wildly, this is expected. Focus rather on getting more people to understand the benefits.

[bitbridgett]

does facebook accept bitcoin?

[pand70]

does facebook accept bitcoin?

No but you 'll notice if it does because then the price will skyrocket to 1000000$

[BitCoinMiner01]

Don't expect the sell pressure to be as forceful as it has been in the past.  Bitcoin is just getting started.  Lots of buy support building.

If you look at the log(price) you'll see that the 2011 crash ($0.06 -> $32 -> $2) was by far, the largest in magnitude.

[jeremy70]

Hello all .My name is Jeremy and i am also new here and it is nice to be part of this forum.

[Onews1990]

Don't worry. It'll be back up to its normal price range. And of course, it will then go down again. It's a vicious cycle or at least I think so.

[Lone Wolf]

It is Christmas soon and also a good time for a break. Hopefully the price will have recovered after the holidays. I would recommend to buy at $600 if that ever happens, but it should still be profitable to buy now, especially in the long term.

hey raspcoin, remember me?  still think i should "accept defeat" from the last time you referenced me on dec. 10th when i posted that the btc bubble was imploding?  btc was around $900 then.

[aquarius12]

it now have the price $440 for a BTC. I will buy few BTC if the price go down to $200

[c933103]

Currently, BTC China's price for BTC is 2075CNY each...that mean 341USD...so it seem still long way to be stabilized

[Lone Wolf]

see these 2 charts.  i think we are in the fear phase.  still a ways to go until capitulation and the "point of maximum financial opportunity."  until then trying to pick the bottom is like trying to catch a falling knife.  but draw your own conclusion.

https://twitter.com/YachtsOnTheReg/status/413262813226737664/photo/1

https://twitter.com/YachtsOnTheReg/status/410326529634103296/photo/1

[Shaggy2013]

WOLF WOLF WOLF

LOL

BTC does not need no stinking banks or countries.....

[iPaulito]

luckily i bought puts at 1000

Where could you bought options on BTC?

[jonanon]

In my opinion people should stop worrying about government attitude to Bitcoin, it was created to get away from Government control so the true believers in Bitcoin - such as myself - have little concern for the volatility. There is only one long term direction and that is up, only time will tell by how much.

[Ovy112]

It will go back on track (UP) in a few days.Until then ,wait and let the chinese folks who got a few coins back in the day sell their stock.

[OleOle]

It's great to see it go down

[BlueMonkey]

It's great to see it go down

Time to buy and collect btc 

[htspringer]

I find it laughable that naysayers think bitcoin is a failure because it is not embraced by governments.  Those who panic and sell because of statements by bureaucrats in ivory towers are only in it for the short term to make a quick buck.  All this sell-off is doing is strengthening the base of bitcoin owners.  Now is an excellent time to buy.

[ClockCat]

All the people in a panic will be opportunity. I wouldn't worry too much. It'll recover itself.

[elove123]

Just like the US stocks in 08, buy buy... more for me.!