Author

Topic: A dark day in the history of bitcoin..... (Read 3221 times)

newbie
Activity: 59
Merit: 0
December 09, 2013, 01:45:07 AM
#19
I too think that it will rise soon. But we never know if a good or bad news is lurking behind.
newbie
Activity: 28
Merit: 0
December 09, 2013, 01:21:38 AM
#18
Quote
No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.
A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.


You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.

apparently time is on our side bro  Shocked
legendary
Activity: 1148
Merit: 1001
December 08, 2013, 02:13:33 AM
#17
Quote
No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.
A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.


You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.

Why do people buy lottery tickets?  Sure Bitcoin is risky and right now people are more anxious than usual because of the drop but once the price starts rising quickly again they will throw money in like crazy not wanting to be left behind.  It is just human nature. 
msc
sr. member
Activity: 284
Merit: 250
December 08, 2013, 01:44:55 AM
#16
You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.
Sure, it may take some time, but I wouldn't be surprised if it happened quickly.  I guarantee that right now there are a lot of people who want back in.  Or, want to get in.  Whether or not they do, and when, remains to be seen.
sr. member
Activity: 476
Merit: 250
December 08, 2013, 01:37:54 AM
#15
Quote
No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.
A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.


You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.
msc
sr. member
Activity: 284
Merit: 250
December 08, 2013, 01:35:20 AM
#14
Quote
No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.
A 50% drop is very reasonable, compared to how much BTC has risen lately.  It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.

Quote
Nobody could have predicted the bad news and panic sells. The bad news was really the only thing that could cause what it did.
Anyone with stock market trading experience could have predicted the drop.  Just not the exact moment.  I didn't expect it myself, but that's because I have money invested, and I want the price to stay above $1000.  But while Bitcoin may be new, the price action is nothing that hasn't been going on since the stock market of the early 1900's.
member
Activity: 70
Merit: 11
December 08, 2013, 01:30:42 AM
#13
Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

Completely Agree!  All indication was a steady climb. Nobody could have predicted the bad news and panic sells. The bad news was really the only thing that could cause what it did.
newbie
Activity: 28
Merit: 0
December 08, 2013, 01:24:14 AM
#12
So many drama queens...
Boy I tell ya  Undecided
legendary
Activity: 2156
Merit: 1070
December 08, 2013, 01:12:05 AM
#11
Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.

Not that same day, but the market was looking for an excuse, any excuse to drop. It got one and responded accordingly.
sr. member
Activity: 476
Merit: 250
December 08, 2013, 12:59:45 AM
#10
Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.

No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.
hero member
Activity: 546
Merit: 500
Carpe Diem
December 08, 2013, 12:45:10 AM
#9
Well it couldn't go straight up forever. You had to assume this crash was going to happen. The question is whether this the end of the crash or it's going back to say $300, a little above last stable point.
sr. member
Activity: 476
Merit: 250
December 08, 2013, 12:18:44 AM
#8
It's a brilliant day. May BTC go down to 600 before the next bubble.

It's a brilliant day if you sold at 1000$. For everyone else it is just a nightmare. Also no thank you. We don't want any more bubbles.
Just a slow and steady growth.
sr. member
Activity: 420
Merit: 250
December 07, 2013, 11:53:16 PM
#7
It's a brilliant day. May BTC go down to 600 before the next bubble.

People who bought it at 1100 should hope it actually hits 10k, but I highly doubt next one (without sudden influx of fool's gold from get-rich-quick crowd outside of china and/or another chinese attempt at controlling prices) will get higher than 4000.

If it even gets that high - remember that cryptocurrency is a highly unstable and relatively untested concept compared to what is the norm right now. In order for it to shoot up to 10k and above, bitcoin and its kind will have to offer more than momentary lure of quick money fueled by speculators, as it was languishing in 150 before shooting to 1000 for most of 2013.

Everyone knows the primary reason for the sudden influx of capital is the chinese participation and US government interest that brought the capital and publicity to the general public.

While I do have a substantial amount of confidence in the cryptocurrency vision, I would think back to how email and internet was eventually put into a proper place among the world business - not as revolutionary and apocalyptic as some of the 'prophets' said while frothing at the mouth, but still very much significant and influential that places it amongst one of the most important events in recent history.

msc
sr. member
Activity: 284
Merit: 250
December 07, 2013, 08:32:09 PM
#6
LOL... my buy orders are waiting anxiously...

Im salivating at the possibilities .... yummmmmmmmmm
Bitcoinity seems to be down again, so I assume that means everyone else is waiting anxiously too.
sr. member
Activity: 448
Merit: 250
December 07, 2013, 08:29:26 PM
#5
So many drama queens...
hero member
Activity: 826
Merit: 501
in defi we trust
December 07, 2013, 05:08:53 PM
#4
Let us pray........

Done. 10k here we go!!!!!!

Dark? You called this dark day?
Then Bitcoin survived a full Armageddon and the whole Dark Ages  , twice.
sr. member
Activity: 252
Merit: 250
December 06, 2013, 09:23:07 PM
#3
LOL... my buy orders are waiting anxiously...

Im salivating at the possibilities .... yummmmmmmmmm

Where are your buy orders? At 100$ ? Because so far i can't see any buy orders   Roll Eyes
hero member
Activity: 924
Merit: 1001
December 06, 2013, 09:14:58 PM
#2
LOL... my buy orders are waiting anxiously...

Im salivating at the possibilities .... yummmmmmmmmm
newbie
Activity: 20
Merit: 0
December 06, 2013, 09:11:51 PM
#1
F u
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