I'm tired. Good night everyone.
You can't sleep now. There's a dump on
Topic: The Dump is on - page 3. (Read 4859 times)
You can't sleep now. There's a dump on
I'm tired. Good night everyone.
the panic is at the top this time. thats whats different. last time, the panic was at the bottom.
Might be a good time to buy actually , the dip although significant wasn't too serious compared to previous panics in the last year or so. Also anytime there's been dips like this the price always rebounds strongly within a few days or a couple of weeks. No indication the same wont happen here as things calm down and various investors who may be panicing right now realize that the CEO of Bitinstant being arrested has little to do with bitcoin itself and more to do with a single actor being engaged in something that was quite obviously illegal (if the allegations are true).
I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value. Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.
Just my thoughts
I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value. Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.
Just my thoughts
If bitcoin can survive Silk Road closing and the main man being arrested, it can certainly survive this. Makes me wonder how many other "early adopters" came by their bitcoin millions though. Not spreading FUD, just curious. Guess the FBI will let us know in the next 6 months as they arrest more people as "information is traded".
Quote
the dip although significant
This dip was not significant at all. Heck, this is the same price it was 5 days ago. If it drops to $400, then that would be significant (and temporary). Regardless, Don't forget...Bitcoin is a Honey Badger.
If you look at a 7 day chart it actually looks like a completely natural market fluctuation.
Might be a good time to buy actually , the dip although significant wasn't too serious compared to previous panics in the last year or so. Also anytime there's been dips like this the price always rebounds strongly within a few days or a couple of weeks. No indication the same wont happen here as things calm down and various investors who may be panicing right now realize that the CEO of Bitinstant being arrested has little to do with bitcoin itself and more to do with a single actor being engaged in something that was quite obviously illegal (if the allegations are true).
I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value. Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.
Just my thoughts
I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value. Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.
Just my thoughts
FUD, or reverse psychology?
Your FUD don't belong here! (Try speculation)
appreciate your FUD. Keep it coming
widespread panic. sell sell sell
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