What. Bitcoin price dropped to 24€/BTC

[aplistir]

What happened:

I am usually following bitcoin price from here:
https://www.coindesk.com/price/bitcoin

And now it shows the price to be 24€

Did Satoshi sell his coins or did someone break bitcoin crypto?

 

I guess I want to buy more with that price

[djhomeschool]

Saw it to... back to normal now lol

[AB de Royse777]

Just checked and indeed it was! That must be a glitch LOL


In coindesk


In Binance

So, it was pretty much visual error from coindesk website. However I wish if that was the real case and had time to buy :-P

[aplistir]

Saw it to... back to normal now lol

Yep. I was a little shocked for a second there.

It is still visible if you look bitcoin value from the last hour (or 6 hours)

Was too slow. didn't get to buy any coins with that price

[Linkkoin]

There was a temporary error with cloudflare itself

[Daniel91]

What happened:

I am usually following bitcoin price from here:
https://www.coindesk.com/price/bitcoin

And now it shows the price to be 24€

Did Satoshi sell his coins or did someone break bitcoin crypto?

 

I guess I want to buy more with that price

LOL
almost hearth attack
But, something like this is not possible any way since btc price is determined based on supply and demand in the market.
So, yes, price can drop, even 20-30 % per day or more, but not to zero, no way!

[Leonardo7]

I suppose that must have some sort of glitches, otherwise, we would have seen many wailing graphs and graphical cartoons, and this would have made me sell off my mother's land to buy bitcoin but this can never happen again. Lols.

[mk4]

There was a temporary error with cloudflare itself

This is what I was guessing too. CloudFlare went down for like 30 minutes or so? Shutting down Discord and a lot of websites. Probably also affected wherever CoinDesk is getting it's prices.

[Indamuck]

Ethereum once flash crashed from $300 down to 10 cents on one exchange.  A flash crash like that could happen for bitcoin but it would be an isolated event on only one exchagne depending on what kind of previous orders were set.

[dothebeats]

Probably just a visual glitch on their system. If it wasn't then for the person who sold his coins for 24€ must be bummed about it, really. There are some cases in which such events happen on exchanges, though usually they are just from the same person trying to move funds from one account to another. It has happened on Coinbase not even once, but twice if I remember.

There was a temporary error with cloudflare itself

That speaks for what happened there, I guess. That's why I cannot access this gambling site earlier

[BrewMaster]

it is possible that they do it intentionally to wake some people up and cause FOMO every now and then (possibly somewhere around 6 months mark) these price reporting websites hit a bug or something like that and go crazy like this.
at least this time it seemed like it wasn't their fault as cloudflare screwed the entire internet!

[serjent05]

This 24€ glitch probably have trigged a panic  to those who had witnessed it.  I bet, they immediately checked their the buy orders and transaction on an exchange they are using.  I wonder if that really happens.  What would be the next event on this cryptosphere.  Probably lots of investors who put their 100% savings on Bitcoin will have a depression and possibly commit a suicide because of their life savings had lost. 

Ethereum once flash crashed from $300 down to 10 cents on one exchange.  A flash crash like that could happen for bitcoin but it would be an isolated event on only one exchagne depending on what kind of previous orders were set.

Waves also have a flash crash in an exchange.  It goes down to 10 satoshi when a bot malfunctioned selling hundreds of thousand of waves.  I think Bitcoin also had a flash crash on kraken exchange losing 99% of its value. .

[jackg]

Ethereum once flash crashed from $300 down to 10 cents on one exchange.  A flash crash like that could happen for bitcoin but it would be an isolated event on only one exchagne depending on what kind of previous orders were set.

Waves also have a flash crash in an exchange.  It goes down to 10 satoshi when a bot malfunctioned selling hundreds of thousand of waves.  I think Bitcoin also had a flash crash on kraken exchange losing 99% of its value. .

There are a lot of people with really weird listings in order to take advantage of these flash crashes. On larger exchanges they're often not a problem and just force the price to go down a bit but on the smaller ones, they can really cause some havok - especially with bots).

I doubt there were many bitcoins avaliable for that price though..

[LTU_btc]

The end is near. Damn, I'm trying to imagine how many BTC I would buy if it would cost just $24. Missed such chance... But seriously, it's possible to get heart attack when seeing such numbers. But if I'm not mistaken such bug happened not for the first time when Cloudflare went down.

[pixie85]

Seeing it makes me regret I had no orders set at some low values. Maybe I'd get some cheap coins.

If you see something like this go to some real price ticker like bitcoinwisdom.io or cryptowat.ch. I don't use sites lice coindesk to check on BTC. They are more like an index for people who are reading especially on mobile devices where you don't have many tabs open at once.

[Ayiranorea]

it is possible that they do it intentionally to wake some people up and cause FOMO every now and then (possibly somewhere around 6 months mark) these price reporting websites hit a bug or something like that and go crazy like this.
at least this time it seemed like it wasn't their fault as cloudflare screwed the entire internet!

That's a big change in the price, people easily will fall into FOMO and might open trades. Every website was getting the error page due to cloudare, but how the visual change happens through the cloudflare. Anyhow if someone has succeeded in making a buy at this point seems extremely luckiest.

[Kakmakr]

Before you start a thread like this, use other resources first to check if the site you are using are not faulty. I use Preev.com as a secondary price checker for all Bitcoin prices. I also use my local exchange to check the price, if  Preev.com is not working.

In any way, it would have been global news if a commodity/currency lost almost 95% of it value in a day. You would see chaos on Reddit and people cutting their wrists in public.  

Just cross check next time, before you create a thread for this.  

[bright4mech]

Every business, mostly on trading platform market has a history to tell, because is transparent from begging how it starting point, which always keep fluctuating  up and down in trading base on Number of supply and demand, therefore, in the future of bitcoin is going to be more greater than the current prince.

[phamminhtan]

I think it's a mistake, not really BTC drops to 24 €, but still shocked to see these things. And if I can buy it at that price, it's great.

[grecko45]

What happened:

I am usually following bitcoin price from here:
https://www.coindesk.com/price/bitcoin

And now it shows the price to be 24€

Did Satoshi sell his coins or did someone break bitcoin crypto?

 

I guess I want to buy more with that price

\Most likely just a small glitch of system. Fortunately, everything has come back;D Usually, Coindesk has no such problems.