looks like 670 is the new 120 (stamp)

[checkers6676]

blast from the past 

[porcupine87]

??

[vokain]

He's talking about the drop from the ATH with $266

[MatTheCat]

blast from the past 

What, last week when everyone was saying that $800 was the new $120.

Perhaps in another few weeks you will be saying $120, is the new $120?

[pungopete468]

blast from the past 

What, last week when everyone was saying that $800 was the new $120.

Perhaps in another few weeks you will be saying $120, is the new $120?

That would help me reduce the average cost of my total coin collection as I've been buying more every week since November. My average cost / BTC is in the $690 dollar range right now...

A drop to $130 would allow me to buy more coins and bring that number down significantly.

I understand how people can be afraid of losing money when the price dips like this but this is just crazy... If you bought 1 BTC at $1,000 and don't want to lose money you can just buy 1 BTC at $500 and then you will have the same risk as if you had bought 2 BTC at $750... If the price drops to $120 you could buy 10 BTC for equal the cost of 1 BTC at $1,200. Assuming you bought 1 BTC at $1,200 and 10 BTC at $120 Now you have a safety net at $218.18 per coin...

People need to just settle down and stop panicking before they lose themselves a lot of money...

[Miz4r]

I'm having a Silk Road flashcrash deja vu here. Same quick recovery to previous levels, same bearish sentiment all around.

[kireinaha]

blast from the past  

What, last week when everyone was saying that $800 was the new $120.

Perhaps in another few weeks you will be saying $120, is the new $120?

That would help me reduce the average cost of my total coin collection as I've been buying more every week since November. My average cost / BTC is in the $690 dollar range right now...

A drop to $130 would allow me to buy more coins and bring that number down significantly.

I understand how people can be afraid of losing money when the price dips like this but this is just crazy... If you bought 1 BTC at $1,000 and don't want to lose money you can just buy 1 BTC at $500 and then you will have the same risk as if you had bought 2 BTC at $750... If the price drops to $120 you could buy 10 BTC for equal the cost of 1 BTC at $1,200. Assuming you bought 1 BTC at $1,200 and 10 BTC at $120 Now you have a safety net at $218.18 per coin...

People need to just settle down and stop panicking before they lose themselves a lot of money...

Exactly. I pray to Satoshi every night for $10 coins again. I would buy them all and hold for a year as we go back up to $1000 again. Nothing has changed with bitcoin, there is no double spend bug like Gox seems to suggest. $10 coins would actually be great for bitcoin! It would really peak the interest of new buyers.

[MatTheCat]

Heressszzz Miz4r!

I'm having a Silk Road flashcrash deja vu here. Same quick recovery to previous levels, same bearish sentiment all around.

Calling the bottom all the way down since Jan 8th 2014!

Keep doing that and you will be right one of them days old bean.

[Miz4r]

Heressszzz Miz4r!

I'm having a Silk Road flashcrash deja vu here. Same quick recovery to previous levels, same bearish sentiment all around.

Calling the bottom all the way down since Jan 8th 2014!

Keep doing that and you will be right one of them days old bean.

I have never called a bottom during the past weeks. I did think we were primed to go up though after consolidating at 800, but just like you I can't see into the future and know that Russia and MtGox would drop a little bomb on the market. At least I'm not an absolute failure of a bottom fisher like you who has been into bitcoin for years but can't even hold on to them.

[spiderbrain]

I'm having a Silk Road flashcrash deja vu here. Same quick recovery to previous levels, same bearish sentiment all around.

+1

[Ibian]

Looks like 700 710 is the new 670.

[karolina]

In two weeks, $120 will be the new $800.

[pungopete468]

In two weeks, $120 will be the new $800.

I can't see it...

Too many people would be flooding in to buy Bitcoin at that price...

The user pool has grown too much to sustain that price. The majority of Bitcoin users have a bullish long term sentiment; most wouldn't invest in Bitcoin if they didn't understand a little bit about it. People are reluctant to buy into Bitcoin because they don't understand it. Once they figure it out most will just filter in fiat little by little. Day traders are typically bears and average users are usually bulls.

I think the only way you could sustain that price for any brief amount of time would be an extreme wealth re-distribution... So many coins would have to crowd the sell walls that the large holders would turn themselves into slightly above average holders and thousands of other new hands would grab the coins faster than they could be sold.

This market isn't so much being driven by the news reports anymore; it's self-sustaining at this point... Every time some huge holder cashes out it helps to spread the wealth more evenly.

[TERA]

I still don't understand OP. Could you give a date or post a chart.

[c0dex]

In two weeks, $120 will be the new $800.

Random people keep posting this inflammatory cryptic nonsense in various threads without giving any kind of basis for their claims. If you want people to take you seriously, baseless claims won't do it.

[checkers6676]

I still don't understand OP. Could you give a date or post a chart.

dates and charts only matter with horseshoes and hand grenades