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Topic: Bitcoin Just Crashed - page 2. (Read 2948 times)

legendary
Activity: 1092
Merit: 1000
August 20, 2015, 06:16:49 PM
#35
The fork issue has put some pressure on the market and orders got out in a  rally. I'm in it for the long run so will buy a bit on the dips and see where this goes.
sr. member
Activity: 420
Merit: 262
August 20, 2015, 05:35:56 PM
#34
The retards who are buying now and not selling are going to lose and end up selling below $100.

But past happenings do not guarantee future happenings... You may have been right once, twice or even more times, but this does not mean you will be right this time.. Wink

I've always been correct on BTC price in terms of the major moves. I was even correct in early 2013 when at $10 I gave my thumbs up to going all in.

Well in May I wrote in several Economics -> Speculation threads that BTC would rise from the low $200s to $315, then it would crash back down to eventually below $150 (and probably to double-digits) no later than sometime after October.

I reiterated these points over the past weeks in the Economics -> Speculation -> PnF and Economics -> Speculation -> Free Money threads. Even a few hours before the crash I reiterated these points again that everyone should have been short since $315.

The bottom in the BTC price will come in Spring 2016, and it will be back below $100, perhaps even below $50.

After that, we will start a new bull market that will make investors rich.

If you weren't dumb, you'd learn to stop ignoring me. You'd be clicking my Profile and reading all my archive of posts.

But you are dumb and lazy, so you won't do that. And so you will remain ignorant. And I sort of like that, don't you?

And last but certainly not least, sue your mother and fuck her too, because she brought your dumb ass into this world.  Tongue

(that is if you think you should abrogate your responsibility and sue anyone for the market price movements of BTC)

Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.



PS: I've decided to risk a portion of my BTCs following the advice you gave on Klee's thread. As stated there, I don't feel comfortable about it, but more and more I am convinced that your approach of BTC's is essentially a "gold-like" commodity and should be treated like one, is true. Undecided

As more people capitulate to the reality that it is better to be short than long that is what drives the extreme low.

This bounce back up is one more gift to go short before it is too late. Again the "Only the Date is Unknown". I don't know how far up the price will reach before crashing again or the timing. Volatility will increase.

The "End of Government" can mean many things. It can mean we still have governments exerting totalitarianism with the chaos of loss of rule of law (i.e. rampant corruption in government). Again study my upthread review of the decades long chaotic collapse of the Western Roman empire.

The government won't entirely disappear any time soon. You'll wish they would. In Rome it got so bad that the people just abandoned their land because the government was so oppressive. Later there was no government in Rome and only cows grazing in the city. But first the totalitarianism.

Nearly everyone who has argued with me has ended up eating their words later.

You confuse ego with leadership. I am very cordial with people, but leaders don't lead into mud just so they can placate the stragglers and losers.

I give you the readers a "heads up" that your bullishness is the sign that the bottom has not been reached yet. The bottom comes when you the bullish fools finally in desperation go short. Then the smart money covers their short position, you fools are bankrupted, and the next bull market starts.

You are the one who is throwing your ignorance around and hurting readers.
legendary
Activity: 1834
Merit: 1008
August 20, 2015, 12:56:10 PM
#33
Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

Not surprising at all, especially since the news about the possible fork and XT..

if for every bad news bitcoin crash like that, this thing will never skyrocket, imagines if when bitcoin is almost fully adopted, a bad news about another fork like this will be announced

it would be a serious disaster for everyone, this market is too fragile

So what are you going to suggest for this market? I guess there is no way that people will believing in bitcoin since there are no one that can control the fluctuation except some whale although with this volatile price some people can get profit but it is really bad if there is no something or someone strong enough to control the market price


Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

I guess it was just temporary, we do not know when bitcoin will rise again

How can you so sure it is temporary? Only whale is the one knowing how are the price going whether it will rise or not. Others are just speculate that the price will going higher without doing anything. They just hope for it not make it
hero member
Activity: 826
Merit: 1000
August 20, 2015, 12:10:06 PM
#32
Bitcoin is back up 32 dollars since that low. Im guessing someone with a lot of leverage panick sold a lto of coins, and the blocksize fight is having a toll on the exchanges as well. Simply hold and relax, the storm will be over by next year. Time to pick up cheap coins.

Give it another couple days or an entire week, there will be some sort of another $30 recovery.

Usually people just panic over the small amounts, but eventually people buy again.
hero member
Activity: 700
Merit: 501
August 20, 2015, 12:04:36 PM
#31
Bitcoin is back up 32 dollars since that low. Im guessing someone with a lot of leverage panick sold a lto of coins, and the blocksize fight is having a toll on the exchanges as well. Simply hold and relax, the storm will be over by next year. Time to pick up cheap coins.
member
Activity: 98
Merit: 10
August 20, 2015, 10:27:09 AM
#30
Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

I guess it was just temporary, we do not know when bitcoin will rise again
hero member
Activity: 658
Merit: 500
August 20, 2015, 10:18:36 AM
#29
In market economy, you can expect in BTC market things like that  Wink Price go up and down all the time  Grin
legendary
Activity: 1456
Merit: 1023
August 20, 2015, 12:11:21 AM
#28
I noticed quite a big drop. It's honestly quite disappointing as we're back to where we were from the small rise we saw about a month ago.

I think it may slowly go back to around 200 range now before any up move. Very volatile now and difficult to predict exactly.
legendary
Activity: 2772
Merit: 1514
August 19, 2015, 11:42:22 PM
#27
I noticed quite a big drop. It's honestly quite disappointing as we're back to where we were from the small rise we saw about a month ago.
sr. member
Activity: 378
Merit: 250
August 19, 2015, 11:21:01 PM
#26
Whoa didn't know that, don't even check on btc news anymore. Thanks man, but it's really now a surprise though.
hero member
Activity: 756
Merit: 503
Crypto.games
August 19, 2015, 03:44:42 AM
#25
Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

Not surprising at all, especially since the news about the possible fork and XT..

 IS this fork and xt thing true? because if it is true i think it was scary now to buy some bitcoin.
sr. member
Activity: 420
Merit: 262
August 19, 2015, 03:42:19 AM
#24
But past happenings do not guarantee future happenings... You may have been right once, twice or even more times, but this does not mean you will be right this time.. Wink

I've always been correct on BTC price in terms of the major moves. I was even correct in early 2013 when at $10 I gave my thumbs up to going all in.
sr. member
Activity: 392
Merit: 250
August 19, 2015, 03:29:26 AM
#23
We had an all time high of USD Swaps meaning lots of people were long on margin.

Crossed the line in the sand at that point and this was in the making for quite a while.

Was prepared and with fiat waiting.
newbie
Activity: 46
Merit: 0
August 19, 2015, 03:18:32 AM
#22
It was not long ago that the btc was steady at 230+ then went up to 300+ and then fast went bellow 290 , then 250+ .
now I come here to hear btc crashed then went up to 230+ ?
hope that it will stabileze a little
legendary
Activity: 3206
Merit: 1069
August 19, 2015, 03:06:50 AM
#21
Wow.... bitcoin just crashed down to $200 just like that:

http://thebtcpool.com/bitcoin-fell-major-today/

Not surprising at all, especially since the news about the possible fork and XT..

if for every bad news bitcoin crash like that, this thing will never skyrocket, imagines if when bitcoin is almost fully adopted, a bad news about another fork like this will be announced

it would be a serious disaster for everyone, this market is too fragile
hero member
Activity: 994
Merit: 1000
August 19, 2015, 02:50:09 AM
#20
The price crash has happened because there have been several rumors about bitcoin about to be banned in New york exchange, etc. Also there have been dumpings by whales, transactions worth 25 million or maybe more. The bitcoin market has accustomed such crashes and its no big deal now, Its an awesome time to invest and I am in talks with an influential individual to purchase coins with me Wink

Strange how we keep hearing that as the price of bitcoin continues to go lower and lower.

Goes well with "this the bottom, buy now its the end of cheap coins"

I think we'll <$100 sooner or later.



Yes it may go to double digits soon because bitcoin prices are controlled by any government or big institution. So insiders can do all these manipulations
such
nah. study the markets, there are a lot of btc trades going on constantly, they might be able to manipulate markets but once btc goes anywhere below 150$, people will leave and that isn't good for such insiders. The whales won't manipulate the market in such a way. Also, the price fall has happened due to bitcoin Xt. Google about it, I think the project needs to be killed asap or the btc will be divided into 2 parts Sad
legendary
Activity: 1456
Merit: 1023
August 19, 2015, 02:42:54 AM
#19
The price crash has happened because there have been several rumors about bitcoin about to be banned in New york exchange, etc. Also there have been dumpings by whales, transactions worth 25 million or maybe more. The bitcoin market has accustomed such crashes and its no big deal now, Its an awesome time to invest and I am in talks with an influential individual to purchase coins with me Wink

Strange how we keep hearing that as the price of bitcoin continues to go lower and lower.

Goes well with "this the bottom, buy now its the end of cheap coins"

I think we'll <$100 sooner or later.



Yes it may go to double digits soon because bitcoin prices are controlled by any government or big institution. So insiders can do all these manipulations
legendary
Activity: 2254
Merit: 1043
August 19, 2015, 02:28:22 AM
#18
The price crash has happened because there have been several rumors about bitcoin about to be banned in New york exchange, etc. Also there have been dumpings by whales, transactions worth 25 million or maybe more. The bitcoin market has accustomed such crashes and its no big deal now, Its an awesome time to invest and I am in talks with an influential individual to purchase coins with me Wink

Strange how we keep hearing that as the price of bitcoin continues to go lower and lower.

Goes well with "this the bottom, buy now its the end of cheap coins"

I think we'll <$100 sooner or later.

hero member
Activity: 994
Merit: 1000
August 19, 2015, 02:13:34 AM
#17
The price crash has happened because there have been several rumors about bitcoin about to be banned in New york exchange, etc. Also there have been dumpings by whales, transactions worth 25 million or maybe more. The bitcoin market has accustomed such crashes and its no big deal now, Its an awesome time to invest and I am in talks with an influential individual to purchase coins with me Wink
legendary
Activity: 1946
Merit: 1007
August 19, 2015, 01:39:58 AM
#16
Well in May I wrote in several Economics -> Speculation threads that BTC would rise from the low $200s to $315, then it would crash back down to eventually below $150 (and probably to double-digits) no later than sometime after October.

I reiterated these points over the past weeks in the Economics -> Speculation -> PnF and Economics -> Speculation -> Free Money threads. Even a few hours before the crash I reiterated these points again that everyone should have been short since $315.

The bottom in the BTC price will come in Spring 2016, and it will be back below $100, perhaps even below $50.

After that, we will start a new bull market that will make investors rich.

If you weren't dumb, you'd learn to stop ignoring me. You'd be clicking my Profile and reading all my archive of posts.

But you are dumb and lazy, so you won't do that. And so you will remain ignorant. And I sort of like that, don't you?

But past happenings do not guarantee future happenings... You may have been right once, twice or even more times, but this does not mean you will be right this time.. Wink
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