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Topic: Bitcoin crash starts today - page 3. (Read 5093 times)

hero member
Activity: 826
Merit: 501
in defi we trust
December 06, 2013, 12:16:18 PM
#23
Didnt read the news? Baidu and Chinese Telecom dumped the btc option to pay....china is not a real player anymore Smiley

but as they sparked the rally in the first place, they will take the price down... very, very deep. Bitcoin in China is unusable and people are going to cash out. No matter at what price....

Bitcoin in China was unusable! There were no merchants no nothing , just speculation. And that can still be done!
member
Activity: 112
Merit: 10
Looking to start various enterprises
December 06, 2013, 12:16:13 PM
#22
The whole Baidu thing has been blown up hugely. China liked bitcoins to evade capital controls, not to buy anti DDOS services. You're all panic selling but the buyers are just laughing because tomorrow they will have made a very quick 25% profit.
legendary
Activity: 1064
Merit: 1001
December 06, 2013, 12:15:49 PM
#21
Didnt read the news? Baidu and Chinese Telecom dumped the btc option to pay....china is not a real player anymore Smiley

but as they sparked the rally in the first place, they will take the price down... very, very deep. Bitcoin in China is unusable and people are going to cash out. No matter at what price....

I think you talk about something you don't know and spreading  FUD.
full member
Activity: 241
Merit: 100
December 06, 2013, 12:14:08 PM
#20
Thanks for the tip, I'ver placed my orders at 78$

ill give you 100$ Smiley
hero member
Activity: 1302
Merit: 502
December 06, 2013, 12:14:02 PM
#19
It seems that the volume of BTC transactions being made for speculation still far outweighs the economic usage of BTC. As long as that's true, volatility will still happen and we will still crash and tumble and spike back up over and over again.

In order for BTC to become a legitimate currency, its non-speculative economy will have to step up and become much bigger than it is now, so that the speculation and volatility becomes less of an issue. There's still a long way to go for that to happen.

Every person that makes your argument misses out on STORE OF VALUE. Who cares about commerce? If me and enough liberbros agree that Bitcoin is better than any savings account we've ever had (which it is) then it can exist at any level just fine.
member
Activity: 110
Merit: 10
December 06, 2013, 12:12:23 PM
#18
It seems that the volume of BTC transactions being made for speculation still far outweighs the economic usage of BTC. As long as that's true, volatility will still happen and we will still crash and tumble and spike back up over and over again.

In order for BTC to become a legitimate currency, its non-speculative economy will have to step up and become much bigger than it is now, so that the speculation and volatility becomes less of an issue. There's still a long way to go for that to happen.
sr. member
Activity: 361
Merit: 250
December 06, 2013, 12:11:58 PM
#17
Didnt read the news? Baidu and Chinese Telecom dumped the btc option to pay....china is not a real player anymore Smiley

but as they sparked the rally in the first place, they will take the price down... very, very deep. Bitcoin in China is unusable and people are going to cash out. No matter at what price....
legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 06, 2013, 12:11:29 PM
#16
Didnt read the news? Baidu and Chinese Telecom dumped the btc option to pay....china is not a real player anymore Smiley

Who the fuck needs China anymore, they've done their part, Wall Street is taking over now  Grin

Anyway, Bitcoin economy is going to suffer without those 1.75 BTC Baidu collected in last few weeks  Cheesy Grin Cheesy
legendary
Activity: 1064
Merit: 1001
December 06, 2013, 12:11:14 PM
#15
Didnt read the news? Baidu and Chinese Telecom dumped the btc option to pay....china is not a real player anymore Smiley

OMG!
hero member
Activity: 1302
Merit: 502
December 06, 2013, 12:10:51 PM
#14
The price of bitcoin is now dropping it is now at $945 and going lower and lower

I bet that the price of bitcoin will go to less than $100 before the year ends

How much do you want to bet?

Yes, I'd like to take the OP up on that bet also.  We can use escrow.

+1
legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 06, 2013, 12:10:38 PM
#13
Thanks for the tip, I'ver placed my orders at 78$
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
December 06, 2013, 12:09:23 PM
#12
Didnt read the news? Baidu and Chinese Telecom dumped the btc option to pay....china is not a real player anymore Smiley
MR2
newbie
Activity: 47
Merit: 0
December 06, 2013, 12:07:42 PM
#11
PPL are selling their BTC to buy christmas presents. Easy like that. Fully Normal as expected. Most of them had made a decent amount of money.

Be happy, you got another chance to buy in cheap and stop posting trollbox sh*t
hero member
Activity: 826
Merit: 501
in defi we trust
December 06, 2013, 12:07:04 PM
#10
The price of bitcoin is now dropping it is now at $945 and going lower and lower

I bet that the price of bitcoin will go to less than $100 before the year ends

Nobody can cash out from any exchangers because there is no money to pay them

Everything is a scam and at a price of 1100 per bitcoin everything gets more difficult


We should trust this guy , right?
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
December 06, 2013, 12:05:31 PM
#9
I cant, i have dumped all my btc's in a future transaction whahahaha..
hero member
Activity: 924
Merit: 1001
December 06, 2013, 12:05:06 PM
#8
SELL IT ALL! BTC GOING DOWN!

Wise words!   !!!! 













Smiley
sr. member
Activity: 266
Merit: 250
December 06, 2013, 12:04:41 PM
#7
This panic is so unnecessary. It does, however, create an opportunity to buy in for cheap. Those who hold will reap the benefits.
full member
Activity: 241
Merit: 100
December 06, 2013, 12:04:29 PM
#6
SELL IT ALL! BTC GOING DOWN!
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
December 06, 2013, 12:03:37 PM
#5
The price of bitcoin is now dropping it is now at $945 and going lower and lower

I bet that the price of bitcoin will go to less than $100 before the year ends

How much do you want to bet?

Yes, I'd like to take the OP up on that bet also.  We can use escrow.
hero member
Activity: 924
Merit: 1001
December 06, 2013, 11:58:52 AM
#4
Everyone, please cash out before its too late.

Seriously.   This is not for you.  

You gave it a good try.  Had high hopes.  Turns out you were wrong.  Get out while you still can.



















Smiley
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