Not clear how real this is. Many traders have assets stuck on Bitstamp and are out of the market for now.
Agree. This rally seems premature.
Topic: Bitcoin crashes through $300 floor (Read 4131 times)
Agree. This rally seems premature.
Not clear how real this is. Many traders have assets stuck on Bitstamp and are out of the market for now.
Crossed $300 again 
WOOHOO that's what we like to see, quick turnaround back into the $300's
WOW, $306.50 in the space of an hour, this is why I ♥♥Bitcoin♥♥
Crossed $300 again
WOOHOO that's what we like to see, quick turnaround back into the $300's
Crossed $300 again
CEX.IO @ $298 right now, looking good for a quick recovery back into the $300's
Looking good to break back through $300 already (BTC $292.5) at time of post
What exchange?
CEX.IO it peaked at $295 yesterday for a brief click
Gotcha, I see it now:
Normally just look at Bitcoinwisdom.
Good catch!
Peaked just recently at $295 aswell by the looks of it, I've not been watching it the last few hours
Looking good to break back through $300 already (BTC $292.5) at time of post
What exchange?
CEX.IO it peaked at $295 yesterday for a brief click
Gotcha, I see it now:
Normally just look at Bitcoinwisdom.
Good catch!
Looking good to break back through $300 already (BTC $292.5) at time of post
What exchange?
CEX.IO it peaked at $295 yesterday for a brief click
Looking good to break back through $300 already (BTC $292.5) at time of post
What exchange?
Yea, don't see that price either, just the $291.94 Bitfinex price from last night and $290.73 Bitfinex price from this morning.
Looking good to break back through $300 already (BTC $292.5) at time of post
What exchange?
Looking good to break back through $300 already (BTC $292.5) at time of post
Crypto / Exchange Market Capitalization increase for the year is still gigantic
your witnessing very fine manipulation moves here
your witnessing very fine manipulation moves here
No, the manipulation was the willybot, this is correction.
no one is selling btc at 280
its just numbers on the exchanges at this point in time
I agree, we are all just draeming the same bad dream.
Let's go back to stick our head in the sand please.
Look at localbitcoins; people are selling for $282. They have tremendous amounts of BitCoin and are still profitting regardless, most likely, since they probably invested early on in the game.
What would you guys do if it completely skyrocketed into the low $100s? Just curious.
If you contacted a seller though, wouldn't they sell it to you at the listed price?
In a couple days Bitcoin could possibly crash through the $200 floor and beyond, pending the BitStamp news.
Crossing my fingers that this isn't the case, but hardly a vote of confidence with the 2nd major exchange in 2 years getting compromised yet again.
Crossing my fingers that this isn't the case, but hardly a vote of confidence with the 2nd major exchange in 2 years getting compromised yet again.
Crypto / Exchange Market Capitalization increase for the year is still gigantic
your witnessing very fine manipulation moves here
your witnessing very fine manipulation moves here
No, the manipulation was the willybot, this is correction.
no one is selling btc at 280
its just numbers on the exchanges at this point in time
I agree, we are all just draeming the same bad dream.
Let's go back to stick our head in the sand please.
Look at localbitcoins; people are selling for $282. They have tremendous amounts of BitCoin and are still profitting regardless, most likely, since they probably invested early on in the game.
What would you guys do if it completely skyrocketed into the low $100s? Just curious.
If you contacted a seller though, wouldn't they sell it to you at the listed price?
Could you imagine what could have happened if major e commerce website were to start accepting bitcoin? It would dump through the floor. The price wouldn't even be at 200 let alone 100. They would instantly dump their coins in trade for fiat because they know how unstable the bitcoin price is.
People would have to buy coins to use them at the site, thus cancelling out that effect.
Strongly agree, people need to have faith in the strength of BTC, it's volatile yes but not fragile.
Could you imagine what could have happened if major e commerce website were to start accepting bitcoin? It would dump through the floor. The price wouldn't even be at 200 let alone 100. They would instantly dump their coins in trade for fiat because they know how unstable the bitcoin price is.
People would have to buy coins to use them at the site, thus cancelling out that effect.
I do strongly believe in BTC. I know that everything will find its place in time.
Well, the low for today, so far, was $255. There's been enough of a drop today to expect some rebound, but the long term trend remains downward. It's been steadily downward for a year now.
There was a claim that Bitcoin had never fallen below the all-time-high of the previous bubble. The Silk Road bubble peaked at $266. That bottom was broken today.
The economics of bitcoin has changed a lot since the last bubble. There is a lot of VC invested in bitcoin and bitcoin related companies. The times of the previous bubbles the vast majority of the money invested in bitcoin were "retail" investors who only would invest a few thousand dollars worth There was a claim that Bitcoin had never fallen below the all-time-high of the previous bubble. The Silk Road bubble peaked at $266. That bottom was broken today.
$300 was he floor for several months. Now that it has breached the $300 level I would say that it will probably end up falling to at least the $250 level if not lower over the short term
Well, the low for today, so far, was $255. There's been enough of a drop today to expect some rebound, but the long term trend remains downward. It's been steadily downward for a year now. There was a claim that Bitcoin had never fallen below the all-time-high of the previous bubble. The Silk Road bubble peaked at $266. That bottom was broken today.
I still have faith in the BTC and believe it to be an end of year dump for companies. I shall be holding onto my coin rather than panic selling which I think has contributed to the price dropping a little further than it naturally would with the above factors alone.
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