Topic: Massive Sell Off- Crash or Correction? (Read 1734 times)
Meh, looks like it kinda settled again. People way overuse the word crash with regards to bitcoin.
BTC price is based purely on speculation.
Funny thing is..
When the price crashes really fast, everyone say its Manipulation.
When the price rises really fast, no one say its Manipulation.
The Blind leading the Blind.
Funny thing is..
When the price crashes really fast, everyone say its Manipulation.
When the price rises really fast, no one say its Manipulation.
The Blind leading the Blind.
I bought more!!! 
I am still waiting for the stupid verification process
I was reading about the dip yesterday and today and in way am I convinced this is a crash... its due to the speculation in the market. I bought more!!!
Really don't think we're headed for a major crash. People will buy up the cheap coin and it will stabilize soon.
Bitcoin is practically in the mainstream media daily, it has as much attention and integration as it's ever had.
Bitcoin is practically in the mainstream media daily, it has as much attention and integration as it's ever had.
sure, i think bitcoin is going places. but price movement is driving price right now.
Correct.
But new highs will bring new people. And new people will create new bubbles. And this will happen all over again. And again. Until people slowly stop trading it for other currencies. Then it will smooth out.
But because the nature of Bitcoin is deflationary, it creates a lot of excitement in investment which will drive demand. And the demand will drive the price which will continue to increase long term.
Bottom has been reached at $600 !! Get ur wallets out now and start making ur purchases while BTC still under $700 !!
Your right the price is manipulated by big player, great opportunity to buy now and show nice profit next week
Look at the charts, panic inducing rolling dumps at regular intervals but they're getting less effective each time and the last on China was higher than the previous one which strongly suggests this is bottom. Btw, BTCChina has the highest price atm yet according to the press this "crash" is being driven by China, go figure.
Chinese people are directly affected by the news, but no panic sell. (BTCChina price is at least 10% higher to Bitstamp price)
Those panic are just ridiculous.
i think we're at the top of another bull trap right now (well, not quite since we're at 660 from over 700)..... but i think we have ome more tumbling down to do!! 
So many people wish this was true.
But now is the time to buy.
Even if it goes down to 500 it still will bounce back to ridiculous highs.
sure, i think bitcoin is going places. but price movement is driving price right now.
Bitcoin is not going anywhere!
Slowly but quickly, there is a world wide infrastructure currently being built to utilize this type of currency. This is only the beginning.
Online stores everywhere are starting to say "We now accept Bitcoin!"
Forexample:
http://www.egifter.com/bitcoin/?gclid=CKicxJfhnbsCFcxufgodmT0AlA
https://bitdazzle.com/bitcoin-deals
https://www.bitcoinshop.us/
http://www.gyft.com/bitcoin/
Plus many more:
http://techcrunch.com/2013/11/28/over-400-retailers-are-offering-deals-on-new-bitcoin-black-friday-website/
This is just the beginning.
Bitcoin is backed by a huge global community. It's like a world wide virtual corporation built around free open source software. It's backed my millions of people and computers around the world without control from any massive government entity. It's an amazing accomplishment to say the least.
No one can't stop something with this much momentum.
And we are only getting started.
Slowly but quickly, there is a world wide infrastructure currently being built to utilize this type of currency. This is only the beginning.
Online stores everywhere are starting to say "We now accept Bitcoin!"
Forexample:
http://www.egifter.com/bitcoin/?gclid=CKicxJfhnbsCFcxufgodmT0AlA
https://bitdazzle.com/bitcoin-deals
https://www.bitcoinshop.us/
http://www.gyft.com/bitcoin/
Plus many more:
http://techcrunch.com/2013/11/28/over-400-retailers-are-offering-deals-on-new-bitcoin-black-friday-website/
This is just the beginning.
Bitcoin is backed by a huge global community. It's like a world wide virtual corporation built around free open source software. It's backed my millions of people and computers around the world without control from any massive government entity. It's an amazing accomplishment to say the least.
No one can't stop something with this much momentum.
And we are only getting started.
i think we're at the top of another bull trap right now (well, not quite since we're at 660 from over 700)..... but i think we have ome more tumbling down to do!!
Bottom has been reached at $600 !! Get ur wallets out now and start making ur purchases while BTC still under $700 !!
Your right the price is manipulated by big player, great opportunity to buy now and show nice profit next week
I think it was a speculative sell-off myself, related to the Chinese commentaries. And I do think that it was, at the same time, a manipulative effort on some people's parts. The way I see it is that there's actually quite a large interest in BTC and other cryptocurrencies in China, which their government doesn't like, just like the FTC doesn't particularly like it here in the US because they don't like that they're not in control of it the way they are the banks themselves. I think it's just another reaction like the Great Firewall of China, myself, when it comes down to it.
Edit: it did however really make it almost impossible to deal with the alt exchanges today, like Cryptsy, and made it darned near impossible to do anything on there with the flood of activity. I still have transactions still coming in from deposits sent like 12+ hours ago now, and there are still several that haven't shown up even on the pending list yet.
Edit: it did however really make it almost impossible to deal with the alt exchanges today, like Cryptsy, and made it darned near impossible to do anything on there with the flood of activity. I still have transactions still coming in from deposits sent like 12+ hours ago now, and there are still several that haven't shown up even on the pending list yet.
I see this as a buying opportunity for new-comer like me.
The original price (over 1000) is a bit too high for me to get in.
The original price (over 1000) is a bit too high for me to get in.
Bottom has been reached at $600 !! Get ur wallets out now and start making ur purchases while BTC still under $700 !!
http://s22.postimg.org/wz0apqx81/image.jpg
http://s22.postimg.org/wz0apqx81/image.jpg
Mark my words, this is a crash and worst than that which happened in April.
lots of blood in the streets. wonder if 576 (gox) was bottom. i think probably not! 
We will see how it go very soon.
By the way, it seems the price is starting to bounce back.
Mark my words, this is a crash and worst than that which happened in April.
It would need to go under 300, I doubt it happen
Correction
crossed 50% from the top on the way to 576..... not so sure about that one!
Correction
lots of blood in the streets. wonder if 576 (gox) was bottom. i think probably not!
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