this seems rational if someone discovered some incredible exploit. otherwise... nah
Bitcoin's value prop was always tied more to the application of "money", the strongest of network effects, than Solidity like smart contracts. Reputation damage by association? Arguably... but Bitcoin market has never appeared to give any shits about Bitcoin's reputation, whether that be a consensus portrayed in mainstream media or elsewhere.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18531. (Read 26609436 times)
June 22, 2016, 09:46:06 PM
June 22, 2016, 09:35:38 PM
June 22, 2016, 09:32:10 PM
I don't see how the shorters can profit much from this. They have to buy back in, to close their positions, and there are not too many coins for sale.
Yeah can't imagine anyone profiting much here. Unless we hear that China banning BTC tomorrow, i'm a bit baffled by this move
June 22, 2016, 09:30:13 PM
*looks out window* huh... the sky is falling...
June 22, 2016, 09:27:54 PM
This b better go back up right above 700 soon enough.
June 22, 2016, 09:25:23 PM
I don't see how the shorters can profit much from this. They have to buy back in, to close their positions, and there are not too many coins for sale.
Not so fast... they are buying everything... Smells like Christmas!!!
HoHoHo!
June 22, 2016, 09:25:19 PM
Well time for me to go sleep. Seems like the action is over. I will try to buy new coins tomorrow.
June 22, 2016, 09:23:58 PM
June 22, 2016, 09:18:53 PM
I don't see how the shorters can profit much from this. They have to buy back in, to close their positions, and there are not too many coins for sale.
It's not just shorters doing this, this is about destroying bitcoin's credibility .... and scaring the sheeple away.
Could possibility be a "volatility attack" from Ethereum community, banks, trolls(would have to be multi millionares now ) or states. They can pull these stunts for a 4-5 more years , but it will get harder with each passing year. It does temporarily ruin whitemarket purchasing utility UX which is bad. Luckily for us we have seen worse days and have thick skin to whether this with ease. Enjoy the rollercoaster.
June 22, 2016, 09:17:39 PM
see y'all in 2020, bitches. don't forget to hang cool until then.
June 22, 2016, 09:05:37 PM
I took a small long at 560, I'd be surprised if it held though this tape is wicked 
June 22, 2016, 09:04:40 PM
I don't see how the shorters can profit much from this. They have to buy back in, to close their positions, and there are not too many coins for sale.
It's not just shorters doing this, this is about destroying bitcoin's credibility .... and scaring the sheeple away.
June 22, 2016, 09:01:57 PM
I don't see how the shorters can profit much from this. They have to buy back in, to close their positions, and there are not too many coins for sale.
June 22, 2016, 08:58:57 PM
When you look at the long-time log chart this dump to $550 ore even back to $450 was expected, i'm not getting scared. This is the last time to scoop up cheap coins before halving kicks in, i firmly believe the halving ignites the next major bull run with the start of wave 3. Ride the waves to mainstream and enjoy the show.
June 22, 2016, 08:56:28 PM
If 500 does not hold we could be heading to 465
June 22, 2016, 08:49:37 PM
This still looks like a bull run...
Yes, but only if your mind was completely undone by grief and/or substandard recreational neurotoxins.In my free time I like to kill insects and torture creatures for my own inner peace!
June 22, 2016, 08:44:23 PM
Obviously everything from 430 $152 onward was a complete lie.
Fixed.
June 22, 2016, 08:42:36 PM
So at what point can we call this a crash instead of just a "bullish correction"? lol
Definitely crash. Congrats on cheap coins! Perma-bulls like me don't give a fuck because we value dis-intermediating the state/fiat whether the price is up or down. Bought at 741 and still buying all the way down!
June 22, 2016, 08:42:32 PM
The next 48 hours are absolutely critical absolutely.
June 22, 2016, 08:42:19 PM
Wow they taking it down once again. People will lose more trust in bitcoin. Thanks greedy idiots... I cant see it stopping at the moment. Maybe well see 400s again huh?
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