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Mikcik (OP)
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October 05, 2014, 03:57:00 PM |
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It happened, someone threw around 10 000 BTC in 15 minutes at bitstamp and the price got under 300...
will the bitcoin world end :-)? I was watching it, thinking about selling half of my BTCs around 295, but it got terrible really quickly :-)...
what will happen next? should i sell my BTCs now (half of them) and buy them back lower? (around 250?)
Or is someone trying to manipulate the market? Who would throw 10 000 BTC in 15 minutes like nothing...
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Some1else0
Member
 Offline
Activity: 111
Merit: 10
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October 05, 2014, 04:09:12 PM |
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I personally think that the price of Bitcoin will drop a bit more but eventually go up and even out at about $400/coin, for now. A lot of people are planning to buy when it hits ~$250-280 per coin from what I've heard.
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9kv
Full Member
Offline
Activity: 145
Merit: 100
Learning
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October 05, 2014, 04:10:52 PM |
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The reason a bitcoin's value has been going down steadily over the past month or two is because of merchant adoption. With the exception of overstock, everyone else (dell etc) gets bitcoin then immediately sells it, creating a downward trend.
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Mikcik (OP)
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October 05, 2014, 04:17:46 PM |
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The reason a bitcoin's value has been going down steadily over the past month or two is because of merchant adoption. With the exception of overstock, everyone else (dell etc) gets bitcoin then immediately sells it, creating a downward trend.
Yeah i had heart that |
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hd060053
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October 05, 2014, 04:18:55 PM |
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its now definitely too late to sell, manipulator will push the price up again
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TradeSmart
Newbie
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Activity: 42
Merit: 0
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October 05, 2014, 04:23:01 PM |
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Typical panic after big sell. 
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CMMPro
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October 05, 2014, 04:23:59 PM |
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It's the end of the world as we know it...and I feel fine.
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Mellnik
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October 05, 2014, 04:30:36 PM |
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Yes please sell, Im catching your weak hands.
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