Crash! Down from $200 to $161 in two minutes

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: ?? on ??

Today exchange sites make a lot of profit since there are many people keep sell & buy
Another good day for exchange site & bad for bitcoiner

Maybe after this we'll see another bubble in this year & after that bitcoin price might rise up

Didn't Bitstamp put the fees on hold? I bet they're crying and cursing all day long, they could've made back the losses 8am GMT today in the course of a couple of trades Grin

SimplisticStu

full member

Activity: 154

Merit: 100

♥Bitcoin-Ethereum-Ripple♥

Quote from: HarmonLi on January 14, 2015, 08:38:12 AM

Quote from: crazy-pilot on January 14, 2015, 08:35:44 AM

I find it very exciting and spread buy across the day and days.

Do you just buy or do you also try to short and sell at times? I think it is very wise to have at least a decent amount of FIAT left to buy if we achieve really freakish levels. I mean we are already at unsettling levels, but we may not have seen the bottom, unfortunately...

IMO this is nowhere near the bottom, I think the true value of BTC will be realized before it starts it's charge into recovery. People are already selling and opportunists are buying them up and will continue to do so all the way down but I feel selling is bigger than buying. Difficulty is already showing forecast of -0.38% (at time of post) although we have nearly 2 weeks until next adjustment, several factors are helping push it right down into the ground. I stick by my guns, I am in it for the long haul and will watch it crash and then rise Grin

kolloh

legendary

Activity: 1736

Merit: 1023

Quote from: HarmonLi on January 14, 2015, 08:33:01 AM

If this hasn't been the real bottom, we'll see it tomorrow or the day after that. Things are moving very very fast now. It seems that we are finally trying to locate the real bottom. Can't stand the whole bleeding out anymore!

Yeah this bleeding is frustrating.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: crazy-pilot on January 14, 2015, 08:35:44 AM

I find it very exciting and spread buy across the day and days.

Do you just buy or do you also try to short and sell at times? I think it is very wise to have at least a decent amount of FIAT left to buy if we achieve really freakish levels. I mean we are already at unsettling levels, but we may not have seen the bottom, unfortunately...

crazy-pilot

sr. member

Activity: 860

Merit: 253

SmartFi - EARN, LEND & TRADE

I find it very exciting and spread buy across the day and days.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

If this hasn't been the real bottom, we'll see it tomorrow or the day after that. Things are moving very very fast now. It seems that we are finally trying to locate the real bottom. Can't stand the whole bleeding out anymore!

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: DogecoinMachine on January 14, 2015, 03:37:07 AM

oh no the graph...except it doesnt apply the BTC graph already looks way different to that.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: rkinnin on January 14, 2015, 04:56:36 AM

Quote from: haploid23 on January 14, 2015, 03:03:59 AM

I watched this plummet to $150ish on my 2nd monitor. Exciting day.

What site ( URL ) are you following mainly?

redtube.com pornhub.com mainly.

rkinnin

sr. member

Activity: 316

Merit: 250

Quote from: haploid23 on January 14, 2015, 03:03:59 AM

I watched this plummet to $150ish on my 2nd monitor. Exciting day.

What site ( URL ) are you following mainly?

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: nwfella on January 14, 2015, 04:11:53 AM

Currently $205 on Bitstamp...that kitty sho do bounce pretty high!

Look at the volume though!

And the 'recovery' was lead on Bitfinex. And that was a short squeeze.

SimplisticStu

full member

Activity: 154

Merit: 100

♥Bitcoin-Ethereum-Ripple♥

Quote from: Nagle on January 14, 2015, 03:47:11 AM

One possibility is that traders, reasonably enough, have cut back on how much cash they keep on Bitstamp. This allows bigger swings at night, when few are trading, banks are closed, nobody can wire money in, and there's limited cash for buying. That may be how the price dropped to $152 so fast. Now it's back around $180 and reasonably steady.

Soon the UK will wake up, followed by the US. A lot of people in the Bitcoin world are going to be very unhappy tomorrow and will have to make some hard decisions. I don't think many will want to pour more cash into Bitcoin right now.

I disagree, I'm waking up to the news here in the UK and I am willing to buy more as the price comes down and hold as is my strategy with my existing coins. Some call me foolish for staying on the train, but many share my view of a strong recovery in the long haul.

Cluster2k

legendary

Activity: 1692

Merit: 1018

Clearly the person who sold so many bitcoins, so quickly, is mentally unstable. Drunk at best. I don't buy the argument that 'they're creating panic by making massive losses now, to buy more'. It just doesn't make sense and there is no guarantee other speculators won't just dump and continue dumping.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Currently $205 on Bitstamp...that kitty sho do bounce pretty high!

thirdprize

sr. member

Activity: 485

Merit: 274

Quote from: illodin on January 14, 2015, 02:55:51 AM

Quote from: sam4aplex on January 14, 2015, 02:48:00 AM

I knew this would happen and stopped accepting bitcoin as a primary currency

You had to be crazy to miss it ! this was so obvious !!

wow you're so smart when I grow up I wish to be just like you !!

Well, if you had looked at any Btc graphs over the last year you would have seen lots of going down, precious little going up and no sign of flattening out yet. Still a long way from the bottom. Sad

sam4aplex

newbie

Activity: 56

Merit: 0

Bitcoin is finished , 10 min confirmation time is no good ! never has been !
We need a new leader

awais3344_1

sr. member

Activity: 350

Merit: 250

Quote from: Nagle on January 14, 2015, 03:47:11 AM

One possibility is that traders, reasonably enough, have cut back on how much cash they keep on Bitstamp. This allows bigger swings at night, when few are trading, banks are closed, nobody can wire money in, and there's limited cash for buying. That may be how the price dropped to $152 so fast. Now it's back around $180 and reasonably steady.

Soon the UK will wake up, followed by the US. A lot of people in the Bitcoin world are going to be very unhappy tomorrow and will have to make some hard decisions. I don't think many will want to pour more cash into Bitcoin right now.

Agreed with last part. For those playing trades. Would be best for them to sell now and buy back after the UK wakes up. Not a good time to hold atm.

Addition

full member

Activity: 238

Merit: 100

Quote from: Nagle on January 14, 2015, 03:47:11 AM

One possibility is that traders, reasonably enough, have cut back on how much cash they keep on Bitstamp. This allows bigger swings at night, when few are trading, banks are closed, nobody can wire money in, and there's limited cash for buying. That may be how the price dropped to $152 so fast. Now it's back around $180 and reasonably steady.

Soon the UK will wake up, followed by the US. A lot of people in the Bitcoin world are going to be very unhappy tomorrow and will have to make some hard decisions. I don't think many will want to pour more cash into Bitcoin right now.

A few of us are considering it Wink

Dioptriy

member

Activity: 152

Merit: 10

finaly someone that makes any sens)

Addition

full member

Activity: 238

Merit: 100

Quote from: awais3344_1 on January 14, 2015, 03:44:02 AM

Quote from: Dioptriy on January 14, 2015, 03:09:26 AM

we just seen speculater haven?)
any one got any realistic explenation about what is going on?

probably bitstamp crashing it down. so they can buy back at $50 each..

perhaps they already have (but @$154)...

Nagle

legendary

Activity: 1204

Merit: 1002

One possibility is that traders, reasonably enough, have cut back on how much cash they keep on Bitstamp. This allows bigger swings at night, when few are trading, banks are closed, nobody can wire money in, and there's limited cash for buying. That may be how the price dropped to $152 so fast. Now it's back around $180 and reasonably steady.

Soon the UK will wake up, followed by the US. A lot of people in the Bitcoin world are going to be very unhappy tomorrow and will have to make some hard decisions. I don't think many will want to pour more cash into Bitcoin right now.

Topic: Crash! Down from $200 to $161 in two minutes (Read 2714 times)