Bitcoin will crash to 40 USD next 24 hours... here is why...

Frost

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Quote from: electronistul on November 23, 2013, 02:55:00 PM

Wouldn't hurt we all know some ~30-40 minutes in advance. This way, we can all sell @ 1300 and then buy back at 40. Wait for a couple hours more so the exchange rate gets back to 1500, sell and buy a house. Good plan, I'm in. Just make sure you alert everyone on this thread, allright ? Undecided

You understand my dreams. Cheesy

With only one difference.... I would not sell my first bitcoin.

jojo69

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diamond-handed zealot

this $40 crash is still on right?

electronistul

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Wouldn't hurt we all know some ~30-40 minutes in advance. This way, we can all sell @ 1300 and then buy back at 40. Wait for a couple hours more so the exchange rate gets back to 1500, sell and buy a house. Good plan, I'm in. Just make sure you alert everyone on this thread, allright ? Undecided

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Frost on November 23, 2013, 08:19:05 AM

Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss

So... you have only $40 (because you are ready to buy only 1), and then you want to be rich in 5 years. So basically you want to build a time machine, go back to 2010, but $40 and be rich now. Right?

Good plan. Me too. :-)

Mirsad

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Bitcoin - love & hate

Quote from: exstasie on November 23, 2013, 02:43:34 PM

Quote from: Gleason on November 23, 2013, 01:39:18 PM

Can't and will not happen, unless Bitcoin itself somehow breaks.

Way to many new people invested in bitcoin, to where prices like $200, $300, and $400 are bargains now.

To much buying pressure way before we ever get back to double digits IMO.

Exactly. People know that BTC price can exceed over $1000k. Even people who dont care about BTC, and are using BTC as a quick investment know that buying at $200, $300, $400 will provide a huge surplus in returns.

I bought more BTC @ $400 when it crashed earlier this week and have almost doubled that profit already.

This logic is so flawed...
Yes, there is a theoretical huge surplus.

It only works if a small amount of people cashes out, otherwise there will be a epic crash.
The newcomers pay the profit of the old bitcoin holders. The new bitcoin holders need more user to get paid sometime in the future. And so on. Hope you see the underlying structure.

exstasie

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Quote from: Gleason on November 23, 2013, 01:39:18 PM

Can't and will not happen, unless Bitcoin itself somehow breaks.

Way to many new people invested in bitcoin, to where prices like $200, $300, and $400 are bargains now.

To much buying pressure way before we ever get back to double digits IMO.

Exactly. People know that BTC price can exceed over $1000k. Even people who dont care about BTC, and are using BTC as a quick investment know that buying at $200, $300, $400 will provide a huge surplus in returns.

I bought more BTC @ $400 when it crashed earlier this week and have almost doubled that profit already.

Frost

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Be prepared... it gonna happen soon. Grin

Beta-coiner1

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I think it takes about 2 major dumps of 5k BTC or more to give the psychological condition of it "crashing" on one of the major exchanges.

jojo69

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diamond-handed zealot

yes please

Gleason

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Can't and will not happen, unless Bitcoin itself somehow breaks.

Way to many new people invested in bitcoin, to where prices like $200, $300, and $400 are bargains now.

To much buying pressure way before we ever get back to double digits IMO.

Wilhelm

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Quote from: Frost on November 23, 2013, 08:19:05 AM

Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss

Look a flying pig!!!

Even the Pope will buy at a higher price...

Manna

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this should be in troll section LOL

zuerdemon

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Quote from: Frost on November 23, 2013, 08:19:05 AM

Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss

Buy 0.05 BTC instead, better than nothing Wink

sumantso

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I have put in an order at $40.001

Sindelar1938

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Good on ya mate

Let's wait and watch then... Wink

exstasie

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Quote from: Frost on November 23, 2013, 08:19:05 AM

Bitcoin will crash to 40 USD next 24 hours... here is why...

I am ready to buy one bitcoin at this price.... and I expect to be rich in 5 years then.

/discuss

Don't worry..you won't be the only one buying at $40. But then again, there is probably way to many willing to buy at $400 for that to happen.

windjc

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Quote from: mvidetto on November 23, 2013, 11:16:01 AM

There are sell signals after that $60 selloff so not entirely impossible. But, yeah down to $600 is more likely.

Right. It's not impossible to go to $40 in a couple of hours. Seems reasonable to me. And with that, I think I'll double naked short sell on 1000% margin on 360% interest.

mvidetto

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There are sell signals after that $60 selloff so not entirely impossible. But, yeah down to $600 is more likely.

Okurkabinladin

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Quote from: Frost on November 23, 2013, 08:55:31 AM

Quote from: Robbert BTC on November 23, 2013, 08:49:46 AM

Haha it will never lose 95.4% of its value in 24 hours, sorry I lolled.

It might drop, but never that much. If it does? I'll bet 30% of my investing money on it immediately and go for some nice risk/reward.

I know that this is post is probably created for some nice discussion material but if you're being sirious: "haha" is the only thing I can say Tongue

.

Yea I make jokes here but...
I saw a powerdive a few months ago so that I do not think it is unrealistic.. I cant remember but I think it went down from 300 usd to 40 or so a few months ago?

Bitcoin lost 80% of its value in april. But it took eight days of free fall, not one hour Wink

Frost

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Quote from: Robbert BTC on November 23, 2013, 08:49:46 AM

Haha it will never lose 95.4% of its value in 24 hours, sorry I lolled.

It might drop, but never that much. If it does? I'll bet 30% of my investing money on it immediately and go for some nice risk/reward.

I know that this is post is probably created for some nice discussion material but if you're being sirious: "haha" is the only thing I can say Tongue

.

Yea I make jokes here but...
I saw a powerdive a few months ago so that I do not think it is unrealistic.. I cant remember but I think it went down from 300 usd to 40 or so a few months ago?

Topic: Bitcoin will crash to 40 USD next 24 hours... here is why... (Read 3144 times)