BTC Going back to $100 - page 5. | Bitcointalksearch.org

malaimult

hero member

Activity: 658

Merit: 500

Quote from: Benson Samuel on December 07, 2013, 03:50:51 AM

buysellbitco.in should keep his shutters closed till the prices get back up.

He has supported the India community all the way from US $8 until now.

Hurting his business can only hurt our community more.

Nobody wants to shut down because of a massive loss.

All being said, there needs to be a fluid exchange where people themselves can take their risks and the business itself does not take a beating, but that is another business model.

+1 true

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: daserpent1 on December 07, 2013, 12:39:44 AM

As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

Thats a day trader decision.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

buysellbitco.in should keep his shutters closed till the prices get back up.

He has supported the India community all the way from US $8 until now.

Hurting his business can only hurt our community more.

Nobody wants to shut down because of a massive loss.

All being said, there needs to be a fluid exchange where people themselves can take their risks and the business itself does not take a beating, but that is another business model.

ashray

newbie

Activity: 45

Merit: 0

Quote from: ajax3592 on December 07, 2013, 01:56:13 AM

Quote from: ashray on December 07, 2013, 12:59:24 AM

Also, I really don't think it'll go back to $100.

Everything is possible when there's a global panic, and press report with negative news.

Yes, it's possible that it goes down to $0. That does not make it likely. I've been following bitcoin through every bubble and crash. It may go down to $100, it's just unlikely that it will because there will be thousands of people waiting to buy at that price.

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Quote from: buysellbitcoin on December 07, 2013, 03:34:23 AM

Quote from: Coin.Karma on December 07, 2013, 02:26:52 AM

Quote from: daserpent1 on December 07, 2013, 12:39:44 AM

As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

First Crash - 32$ to 2$ - mt.gox numbers....1/16th value
Second Crash - 260$ - 54$ - mt.gox + btc24 numbers....1/5th value
Third Crash - 960$ - approximately 650$.... not fixed yet...just 1/3rd value.....the crash percentages is getting lesser....which is better

That is called re-distribution of wealth. If you thought bitcoin was just a way to make money, you are mistaken....I have survived all three crashes and I think, I will still be around for more. There will be many more bubbles before it gets into mass adoption. Use crashes to increase your bitcoin holdings.

cheers and have fun. The present crash is nothing compared to the FIRST CRASH. also never invest more than you can lose.

have a good day...get used to it........

also regarding china, I am happy, bitcoin scares them. They have crazy capital controls...and bitcoin really proves its disruptive nature there.

Can not agree more !!!

Regards

When are we resuming the trades, buysellbitco.in?

buysellbitcoin

legendary

Activity: 1105

Merit: 1001

https://www.zebpay.com

Quote from: Coin.Karma on December 07, 2013, 02:26:52 AM

Quote from: daserpent1 on December 07, 2013, 12:39:44 AM

As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

First Crash - 32$ to 2$ - mt.gox numbers....1/16th value
Second Crash - 260$ - 54$ - mt.gox + btc24 numbers....1/5th value
Third Crash - 960$ - approximately 650$.... not fixed yet...just 1/3rd value.....the crash percentages is getting lesser....which is better

That is called re-distribution of wealth. If you thought bitcoin was just a way to make money, you are mistaken....I have survived all three crashes and I think, I will still be around for more. There will be many more bubbles before it gets into mass adoption. Use crashes to increase your bitcoin holdings.

cheers and have fun. The present crash is nothing compared to the FIRST CRASH. also never invest more than you can lose.

have a good day...get used to it........

also regarding china, I am happy, bitcoin scares them. They have crazy capital controls...and bitcoin really proves its disruptive nature there.

Can not agree more !!!

Regards

giletto

sr. member

Activity: 812

Merit: 250

Quote from: Coin.Karma on December 07, 2013, 02:26:52 AM

Quote from: daserpent1 on December 07, 2013, 12:39:44 AM

As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

First Crash - 32$ to 2$ - mt.gox numbers....1/16th value
Second Crash - 260$ - 54$ - mt.gox + btc24 numbers....1/5th value
Third Crash - 960$ - approximately 650$.... not fixed yet...just 1/3rd value.....the crash percentages is getting lesser....which is better

That is called re-distribution of wealth. If you thought bitcoin was just a way to make money, you are mistaken....I have survived all three crashes and I think, I will still be around for more. There will be many more bubbles before it gets into mass adoption. Use crashes to increase your bitcoin holdings.

cheers and have fun. The present crash is nothing compared to the FIRST CRASH. also never invest more than you can lose.

have a good day...get used to it........

also regarding china, I am happy, bitcoin scares them. They have crazy capital controls...and bitcoin really proves its disruptive nature there.

+1 Rep

this forum need really a reputation button.

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: Coin.Karma on December 07, 2013, 02:26:52 AM

Quote from: daserpent1 on December 07, 2013, 12:39:44 AM

As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

First Crash - 32$ to 2$ - mt.gox numbers....1/16th value
Second Crash - 260$ - 54$ - mt.gox + btc24 numbers....1/5th value
Third Crash - 960$ - approximately 650$.... not fixed yet...just 1/3rd value.....the crash percentages is getting lesser....which is better

That is called re-distribution of wealth. If you thought bitcoin was just a way to make money, you are mistaken....I have survived all three crashes and I think, I will still be around for more. There will be many more bubbles before it gets into mass adoption. Use crashes to increase your bitcoin holdings.

cheers and have fun. The present crash is nothing compared to the FIRST CRASH. also never invest more than you can lose.

have a good day...get used to it........

also regarding china, I am happy, bitcoin scares them. They have crazy capital controls...and bitcoin really proves its disruptive nature there.

Agreed with you on this, you make a good point on redistribution of wealth and the other bubble will happen once indian gets a fully functional exchange. and then may be the africian union. who know with bitcoin the skys the limit.

Coin.Karma

full member

Activity: 189

Merit: 100

Quote from: daserpent1 on December 07, 2013, 12:39:44 AM

As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

First Crash - 32$ to 2$ - mt.gox numbers....1/16th value
Second Crash - 260$ - 54$ - mt.gox + btc24 numbers....1/5th value
Third Crash - 960$ - approximately 650$.... not fixed yet...just 1/3rd value.....the crash percentages is getting lesser....which is better

That is called re-distribution of wealth. If you thought bitcoin was just a way to make money, you are mistaken....I have survived all three crashes and I think, I will still be around for more. There will be many more bubbles before it gets into mass adoption. Use crashes to increase your bitcoin holdings.

cheers and have fun. The present crash is nothing compared to the FIRST CRASH. also never invest more than you can lose.

have a good day...get used to it........

also regarding china, I am happy, bitcoin scares them. They have crazy capital controls...and bitcoin really proves its disruptive nature there.

giletto

sr. member

Activity: 812

Merit: 250

Why you care what he guess or speculate? He don't know anything more then you, he do just one of the things which a stockmarket player never should do: get afraid and fall in panic.

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Quote from: daserpent1 on December 07, 2013, 01:59:54 AM

Well I am 150% sure that this will be the biggest dump/crash in the history of BTC.

It is definitely going below $200 this time.

In how many hours do you speculate the $200 level to come.

daserpent1

sr. member

Activity: 435

Merit: 250

Well I am 150% sure that this will be the biggest dump/crash in the history of BTC.

It is definitely going below $200 this time.

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Quote from: ashray on December 07, 2013, 12:59:24 AM

Also, I really don't think it'll go back to $100.

Everything is possible when there's a global panic, and press report with negative news.

ashray

newbie

Activity: 45

Merit: 0

Happy you managed to save yourself from serious losses.

But BTC will only go up in the long term. It has happened before, and it'll happen again.

Also, I really don't think it'll go back to $100.

daserpent1

sr. member

Activity: 435

Merit: 250

As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

Topic: BTC Going back to $100 - page 5. (Read 18884 times)