Sub 600... sub.. 500..?

[Marlo Stanfield]

So is this what's known as a flash crash?

Any reason for the drop or was this all par for the course settling back down to a norm after a brief "rally" up?

I'm surprised to see it nearing $600 but can't say I'm disappointed. I bought my first bitcoin at 399 after fees. I still wanted it to drop to $100 or less so I could buy even more. Been buying it (going up) ever since, and will keep on buying it until the day bitcoin ceases to exist. I feel the same way just buying about $760 worth last week, waiting on it to transfer over. I totally don't mind if it drops to 300 or 200 again, or 4-500...because my only response is cool, I can buy even more.

I think many people feel the same way so when we're all buying, the demand is showing, which will move the price back up, right?

I think a flash crash is more like when the buy walls are broken through completely and the price of something drops to zero or near zero briefly. It happened not too long ago on btc-e.

Sometimes it can be caused by technical glitches like when it happened in the American Market a while back.

[Mythul]

I think it will be very hard to reach the 400s again...

[BTCfan1]

we are staying sub 600 until after the SR coins are sold

[Mythul]

we are staying sub 600 until after the SR coins are sold

Even sub 600 is still a good price, since there is a good chance that we will see 1000s again.

[serenitys]

Thank you, Marlo

[Bernard Lerring]

If it does crash briefly I'll have no qualms about buying cheaply. I'm new to the investment game but I can't see a long term risk even if that means waiting 2+ years.

If the Richard Branson's and eBay CEO's of this world are starting to enter the game it's zeitgeist for sure.

I'd like to see greater development for less tech savvy people to walk around with easy to use smartphone wallets that pay on screen in dollars and do the BTC conversion seamlessly and I believe that's a natural development that will come soon. Who cares if us purists do the conversion ourselves, so long as BTC reaches the masses it can only be good for stability and gradual price boost.

[BTCfan1]

whatever happens, dollar-cost averaging is the way to go!!!

[Gimmelfarb]

on Stamp, i am expecting a strong bounce in the 520-535$ area. there is confluence with fib support + trend line from the start of the last rally. and there is historical support in that area as well. but i still don't think we are going to the moon.

[Unluckyduck]

Just gotta wait until the whole seized coins auction and 51% ghash.io scare blows over and then we'll head up to 700+