The Dump is on

[r3wt]

widespread panic. sell sell sell

[1714124637]

1714124637

[1714124637]

1714124637

[1714124637]

1714124637

[empoweoqwj]

appreciate your FUD. Keep it coming 

[Singlebyte]

Your FUD don't belong here!  (Try speculation)

[r3wt]

FUD, or reverse psychology?

[BTCisthefuture]

Might be a good time to buy actually , the dip although significant wasn't too serious compared to previous panics in the last year or so. Also anytime there's been dips like this the price always rebounds strongly within a few days or a couple of weeks.  No indication the same wont happen here as things calm down and various investors who may be panicing right now realize that the CEO of Bitinstant being arrested has little to do with bitcoin itself and more to do with a single actor being engaged in something that was quite obviously illegal (if the allegations are true).

I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value.  Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.

Just my thoughts

[bitfreak!]

If you look at a 7 day chart it actually looks like a completely natural market fluctuation.

[empoweoqwj]

FUD, or reverse psychology?

Or neither 

[Singlebyte]

the dip although significant

This dip was not significant at all.  Heck, this is the same price it was 5 days ago.  If it drops to $400, then that would be significant (and temporary).  Regardless, Don't forget...Bitcoin is a Honey Badger.

[empoweoqwj]

Might be a good time to buy actually , the dip although significant wasn't too serious compared to previous panics in the last year or so. Also anytime there's been dips like this the price always rebounds strongly within a few days or a couple of weeks.  No indication the same wont happen here as things calm down and various investors who may be panicing right now realize that the CEO of Bitinstant being arrested has little to do with bitcoin itself and more to do with a single actor being engaged in something that was quite obviously illegal (if the allegations are true).

I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value.  Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.

Just my thoughts

If bitcoin can survive Silk Road closing and the main man being arrested, it can certainly survive this. Makes me wonder how many other "early adopters" came by their bitcoin millions though. Not spreading FUD, just curious. Guess the FBI will let us know in the next 6 months as they arrest more people as "information is traded".

[r3wt]

the panic is at the top this time. thats whats different. last time, the panic was at the bottom.

[proudhon]

I'm tired.  Good night everyone.

[empoweoqwj]

I'm tired.  Good night everyone.

You can't sleep now. There's a dump on

[keithers]

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.

[empoweoqwj]

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.

I think they will get their wish in the next few hours ......

[AltorXP]

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.

I think they will get their wish in the next few hours ......

+1
Although you can never be sure about btc prices 

[empoweoqwj]

God no. Might be up to $1000 at bitstamp tomorrow - all the fun of the fair

[frank754]

I sure hope so, it's really starting to get into almost negative territory compared to how things have been going to past few weeks - losing all gains now. And I can't even sell my DOGE or Earthcoins for BTC's either even though BTC is cheap now, because they've gone down over 20% too and who knows if or when either will recover and how strongly.

[TheD0ct0r]

Your a Thief ,extortionist and scammer I really cant believe you have the gull to post on here anymore.
Please take your lies with you when you Exit.....

widespread panic. sell sell sell

[empoweoqwj]

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.

I think they will get their wish in the next few hours ......

I'm wrong as usual - price has recovered very well at bitstamp.

Wish I heard the arrest news when it came out - could have sold then and make some bucks buying back. Instead heard the news first thing in morning in Asia, sold some coins, and the bottom promptly arrived so had to buy back for a loss. C'est la vie.

Don't think those $700 coins are coming any time soon my friend

[eiskalt]

If bitcoin can survive Silk Road closing and the main man being arrested, it can certainly survive this.

If bitcoin can survive its network closing, it will certainly survive every other bad news.

at prices below zero of course.