I am not sure.
A lot depends on Mt Gox and North America should just be coming on.
It is a Friday as well, so need to wait and watch.
Topic: bitcoin crossed 150$, 200$ & soon 500$ - page 3. (Read 9011 times)
Today, story got much exciting... $54.2:)
@Benson bro,do u think it can go down today?
@Benson bro,do u think it can go down today?
Well, that was yesterday :p
Lol.
Lol.
Actually, $150 is the new low, that is why it stabilized around it. The drop to $105 regained very fast.
What do you have to say now? 
$65 is the new low? 
It seems the price drop is just due to huge trading on mtgox, which frozen mtgox servers, that created illusion that price falling down.
So the value will again rise very soon & reach 500$.
https://mtgox.com/press_release_20130411.html
So the value will again rise very soon & reach 500$.
https://mtgox.com/press_release_20130411.html
Actually, $150 is the new low, that is why it stabilized around it. The drop to $105 regained very fast.
So what we learned yesterday is..
105 is new low
and its not bad.. Its good news for long time investors..
Bitcoin has finally proved it is worth more than 100$ in such panic sell too
Cheers
105 is new low
and its not bad.. Its good news for long time investors.. Bitcoin has finally proved it is worth more than 100$ in such panic sell too
Cheers
Saw this on twitter today:
David Seaman @d_seaman 4h
Hey! If you really believe in #Bitcoin, you shouldn't be anxiously day trading it. This isn't http://Pets.com stock, it's the future
David Seaman @d_seaman 4h
Hey! If you really believe in #Bitcoin, you shouldn't be anxiously day trading it. This isn't http://Pets.com stock, it's the future
@Benson, thank you for a simple xplaination:)
I agree.
What nobody is pointing out here is that although it crashed from $266, it gained 10% since start of play yesterday.
And seems to be holding out for now.
What nobody is pointing out here is that although it crashed from $266, it gained 10% since start of play yesterday.
And seems to be holding out for now.
price will go up soon. now good time to buy.
mtgox has 15000 accounts waiting for approval.
mtgox has 15000 accounts waiting for approval.
I can try to explain how it works.
Person A walks in with a huge amount of money and begins to buy Bitcoins all the way from 150$ to 266$, once he has finished his pump, he will have an average price for his all buys which will be far lower than the high that he has created.
He then sells all his Bitcoin that he purchased on the pump for that average price plus his profit, crashing the market. Other people jump in and scream bloody murder crashing the prices even more.
Bitcoin is awesome in a way that it will never lose value, but will always be susceptible to market forces until supply and demand begin to set the prices rather than Mt Gox speculators.
At a theoretical true end valuation of approx $190K each coin, Bitcoin's base value will grow way way more than it currently is.
Person A walks in with a huge amount of money and begins to buy Bitcoins all the way from 150$ to 266$, once he has finished his pump, he will have an average price for his all buys which will be far lower than the high that he has created.
He then sells all his Bitcoin that he purchased on the pump for that average price plus his profit, crashing the market. Other people jump in and scream bloody murder crashing the prices even more.
Bitcoin is awesome in a way that it will never lose value, but will always be susceptible to market forces until supply and demand begin to set the prices rather than Mt Gox speculators.
At a theoretical true end valuation of approx $190K each coin, Bitcoin's base value will grow way way more than it currently is.
I was about to sell when its value was more than $230 but now it fell too much. Btw, what could be the causes for the changes in BTC value? How does this actually work? Any good article?
That, my fellow enthusiasts is the weakness of today's Bitcoin markets.
Pump & Dump will never go away in the Bitcoin world. It is the easiest way for few people to get rich.
Pump & Dump will never go away in the Bitcoin world. It is the easiest way for few people to get rich.
when in flat currency trade there is regulations against such illicit activities, in bitcoins it is just wilde.
Yeah. Just read that Mt Gox had the highest volumes as they had added a bunch of accounts, But watching the troll box in btc-e made it evident that there was a pump operation yesterday and the day before.
That, my fellow enthusiasts is the weakness of today's Bitcoin markets.
Pump & Dump will never go away in the Bitcoin world. It is the easiest way for few people to get rich.
Pump & Dump will never go away in the Bitcoin world. It is the easiest way for few people to get rich.
i read somewhere that it was a panic sell off due to DDoS attack on mtgox...
if you search bitcoin news in google, the first few articles say this.. dunno how reliable.
If its true, this is just temporary.
That, my fellow enthusiasts is the weakness of today's Bitcoin markets.
Pump & Dump will never go away in the Bitcoin world. It is the easiest way for few people to get rich.
Pump & Dump will never go away in the Bitcoin world. It is the easiest way for few people to get rich.
It fell from $260 to $190:(
Going on 20,000 Rs any minute now!
@buysellbitcoin
You can update this thread with INR value, which will help Indians who calculate in INR.
You can update this thread with INR value, which will help Indians who calculate in INR.
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