2014-06-04 Crash

[Tzupy]

Crash? Wait until it drops to 450$ and then call it crash. It's just that the pump is over, time to profit.

[jcoin200]

look at the charts around nov/dec 2013.  On its way up BTC would gain 20%, then lose 5% quickly.  Then it would head right back up.  I wouldn't call anything less that a 10% drop a "crash"

[rafamadeira]

Was there any fundamental reason why Bitcoin crashed today from $680 to $620-630?

crash he says.. lol

keep chillin'

[MatTheCat]

Was there any fundamental reason why Bitcoin crashed today from $680 to $620-630?

Bitcoin is a project created by the NSA in order to take money from the crazy anti-government libertarian movement, by getting them to invest all of their money into the project and then pulling the plug.

The problem is those wacko libertarians then invested not just their money but also their time building more and more services on top of bitcoin and popularizing it into a larger movement. Seriously who builds things anymore? No one in the government foresaw that coming.

Now the NSA is desperately trying to shut bitcoin down, but too many people are supporting the network and more and more people keep viewing every price drop as a buying opportunity, so their attacks are less and less impactful.


At least that is my theory for today's crash, it is as good as anyone else's theory and just as provable as far as I can tell.

If that theory were true (I subscribe to it), then the NSA would have 1.5 MBTC.

They could pull the plug on Bitcoin at will.

Somehow, I rather more suspect that traders are taking profits after a huge price hike once Bitcoin looked like it wasn't going to break (or be pushed) up out of it's 'bullish' cup n handle formation.

[Hyena]

We're right at 652$, recovered 50% from the crash. Do you think it's a dead cat bounce?

[jarrodaxia]

many dumps happening, we are going back to $400 and $300 fast once we successfully break $600, check price trend at here: http://www.btcpredictions.com/

Ding ding ding! Ladies and gentlemen, here we have the DAILY CLOWN!!!!!!!!!

Has the chart EVER been right!?

[RodeoX]

Every time the price moves a few bucks there always has to be a huge secret plot. Why not just think supply is getting ahead of demand?

[DolanDuck]

This is just a normal dump, if the price would have dropped from 680$ to 400-450$ could have been called crash.

[MatTheCat]

We're right at 652$, recovered 50% from the crash. Do you think it's a dead cat bounce?

Could be, but we recovered 100% from the last crash. I suspect this will go up a bit higher yet (~75%).

[spazzdla]

many dumps happening, we are going back to $400 and $300 fast once we successfully break $600, check price trend at here: http://www.btcpredictions.com/

Trendline from 620 is... UPWARDS..

[DolanDuck]

many dumps happening, we are going back to $400 and $300 fast once we successfully break $600, check price trend at here: http://www.btcpredictions.com/

Trendline from 620 is... UPWARDS..

The price trend at btcpredictions are erratic if you consider the ones of 5+ days long as it is written on the website.

[Gingermod]

Was there any fundamental reason why Bitcoin crashed today from $680 to $620-630?

Bitcoin is a project created by the NSA in order to take money from the crazy anti-government libertarian movement, by getting them to invest all of their money into the project and then pulling the plug.

The problem is those wacko libertarians then invested not just their money but also their time building more and more services on top of bitcoin and popularizing it into a larger movement. Seriously who builds things anymore? No one in the government foresaw that coming.

Now the NSA is desperately trying to shut bitcoin down, but too many people are supporting the network and more and more people keep viewing every price drop as a buying opportunity, so their attacks are less and less impactful.


At least that is my theory for today's crash, it is as good as anyone else's theory and just as provable as far as I can tell.

You are an idiot.

[bitcoinsrus]

Was there any fundamental reason why Bitcoin crashed today from $680 to $620-630?

Bitcoin is a project created by the NSA in order to take money from the crazy anti-government libertarian movement, by getting them to invest all of their money into the project and then pulling the plug.

The problem is those wacko libertarians then invested not just their money but also their time building more and more services on top of bitcoin and popularizing it into a larger movement. Seriously who builds things anymore? No one in the government foresaw that coming.

Now the NSA is desperately trying to shut bitcoin down, but too many people are supporting the network and more and more people keep viewing every price drop as a buying opportunity, so their attacks are less and less impactful.


At least that is my theory for today's crash, it is as good as anyone else's theory and just as provable as far as I can tell.

You are an idiot.

I wouldnt agree or disagree with everything he says. Some may have some truth, while some parts might be a little to out there. Who knows what the truth is until it unfolds.

[Gingermod]

Was there any fundamental reason why Bitcoin crashed today from $680 to $620-630?

Bitcoin is a project created by the NSA in order to take money from the crazy anti-government libertarian movement, by getting them to invest all of their money into the project and then pulling the plug.

The problem is those wacko libertarians then invested not just their money but also their time building more and more services on top of bitcoin and popularizing it into a larger movement. Seriously who builds things anymore? No one in the government foresaw that coming.

Now the NSA is desperately trying to shut bitcoin down, but too many people are supporting the network and more and more people keep viewing every price drop as a buying opportunity, so their attacks are less and less impactful.


At least that is my theory for today's crash, it is as good as anyone else's theory and just as provable as far as I can tell.

You are an idiot.

I wouldnt agree or disagree with everything he says. Some may have some truth, while some parts might be a little to out there. Who knows what the truth is until it unfolds.

No, get out.

[conspirosphere.tk]

Was there any fundamental reason why Bitcoin crashed today from $680 to $620-630?

someone needed a Lamborghini NOW, or pulled some prophits out of the table.
just hodl and see. The fun has still to start.

[rocks]

Was there any fundamental reason why Bitcoin crashed today from $680 to $620-630?

Bitcoin is a project created by the NSA in order to take money from the crazy anti-government libertarian movement, by getting them to invest all of their money into the project and then pulling the plug.

The problem is those wacko libertarians then invested not just their money but also their time building more and more services on top of bitcoin and popularizing it into a larger movement. Seriously who builds things anymore? No one in the government foresaw that coming.

Now the NSA is desperately trying to shut bitcoin down, but too many people are supporting the network and more and more people keep viewing every price drop as a buying opportunity, so their attacks are less and less impactful.


At least that is my theory for today's crash, it is as good as anyone else's theory and just as provable as far as I can tell.

You are an idiot.

I wouldnt agree or disagree with everything he says. Some may have some truth, while some parts might be a little to out there. Who knows what the truth is until it unfolds.

No, get out.

Congratulations Gingermod on being today's internet fool.

The post is obviously a joke, if you need a /sarc tag in every post to explain that to you then you have a bit of growing up to do.

To explain it to you in the very simple terms you obviously need, the last line is the point of the post:

At least that is my theory for today's crash, it is as good as anyone else's theory and just as provable as far as I can tell.

Meaning it is pointless for the OP to ask for reasons for the dump yesterday because there are a million different possibilities none of which are more or less provable than any others. The point is to say something absurd and then point out it is as valid as anything else that could be proposed.

[TERA]

If there's this much panic and conspiracy theorization over the tiny drop from $680 to $630, I wonder what will happen in here when it retraces further to $560, which will still be a perfectly normal retracement in my eyes?

[Undone]

Agreed.

I wish their was a 'Rather' app for this forum for posts containing "manipulation" and "what caused the price to _____."

[beetcoin]

people are a little too on edge and tend to overreact when there's a small downswing. just remember that cooler heads prevail. only a fool panics.

[BittBurger]

Bitcoin is a project created by the NSA

Very possibly true.  Or some other govt agency, or combination of agencies.

...in order to take money from the crazy anti-government libertarian movement, by getting them to invest all of their money into the project and then pulling the plug.

Aaaaaand now you're talking nonsense.   Didn't even make it through 1 full sentence.  What motivation would they have for that stupidity?   How about the first fully trackable financial system?  Isnt that a wee bit more feasible?  Or maybe some elites got sick of bailing out banks and they actually created this thing to accomplish that.  There are a thousand possible reasons why even a government might invent Bitcoin.  And its no coincidence to me that the US Govt - whom we all expected to ban bitcoin, has welcomed it with open arms.  Think about that a little bit.  Not to mention Dorian working on secret govt projects ...

If you're going to have conspiracy theories - use viable feasible logic.  Its way more fun

-B-