Within 1 week I think there's a small chance BTC will crash from $240 to $160

MGUK

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Quote from: dooner4 on April 10, 2013, 02:25:08 PM

I bet OP started this whole ddos on the major trading sites so he wouldn't look stupid in front of us.

That's loser talk:P

A DDoS distributed across many sites... a DDDoS?
Seriously though, whoever is behind it must have a pretty hefty botnet to hand.

Guido

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well in past 5 mins bounced up from 130 to 187 and climbing

mtgox is way lagged

Surpbitcoin

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Good call

dooner4

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I bet OP started this whole ddos on the major trading sites so he wouldn't look stupid in front of us.

MGUK

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well I wasn't THAT far off:)

syn999

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Quote from: BlueBanderBear on April 09, 2013, 12:09:08 PM

What was the reason for the 2011 crash?

hacker attacked, steel bitcoins and sell

theli

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let's just wait and see how it goes Tongue

idividebyzero

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we've been hearing this since it was $60

MGUK

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Quote from: Aahzman on April 09, 2013, 12:47:01 PM

It might be an infinitesimally small chance, approaching zero %, but still statistically possible.

Thanks for agreeing I'm right Wink

But yeah, I don't necessarily believe it's going to happen. As I said, it's an interesting correlation - it would be silly of to infer any kind of definite causation.

Unless it drops below $20, I'm still making a few dollars. Literally a few.... like 15.

nobbynobbynoob

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Annuit cœptis humanae libertas

Quote from: conspirosphere.tk on April 09, 2013, 01:26:41 PM

Quote from: wildbud on April 09, 2013, 01:10:42 PM

Even if it crashes back to $160 BTC are very profitable to mine. It would be nice to see some sort of correction in the price to give us a bottom floor for the currency.

Maybe there is "no floor", since if it starts crashing seriously most buyers would stay on the sidelines waiting for a bottom, but since there is not any "real world" reference about a "fair price" for BTC, maybe we could plunge back to <10 USD in a heartbeat.

Not less than 10, unless there's protocol failure/major bug discovery or something. I'll be trying to vacuum up a lot more at $10 each; should've vacuumed up a lot more when they were <$15. Hindsight is so helpful. *sigh*

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: wildbud on April 09, 2013, 01:10:42 PM

Even if it crashes back to $160 BTC are very profitable to mine. It would be nice to see some sort of correction in the price to give us a bottom floor for the currency.

Maybe there is "no floor", since if it starts crashing seriously most buyers would stay on the sidelines waiting for a bottom, but since there is not any "real world" reference about a "fair price" for BTC, maybe we could plunge back to <10 USD in a heartbeat.

wildbud

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Even if it crashes back to $160 BTC are very profitable to mine. It would be nice to see some sort of correction in the price to give us a bottom floor for the currency.

Aahzman

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Your *what* is itchy?

My point was that anybody can claim there's a "small chance" of just about any possible thing you can think of happening.

Tutsumi

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Quote from: Aahzman on April 09, 2013, 12:47:01 PM

It might be an infinitesimally small chance, approaching zero %, but still statistically possible.

I have a feeling the chances of this happening are around the above.

Bitcoins are getting popular now, yes, however the only thing that can really bring it down is something like a country ban on mining or distributing. Dips are expected as well, but that's the normal way of economics. We might see something around 10 years from now and then 50 years from then ... if this lasts that long.

wiak2

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We'll keep on rising til Thursday, then have our pre-weekend dip before returning to the previous high.

Aahzman

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Your *what* is itchy?

Within 1 week I think there's a small chance of Katy Perry breaking into my condo and initiating a hot three-way with my wife and I.

It might be an infinitesimally small chance, approaching zero %, but still statistically possible.

bear1981

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The media are funny - when there was a 10% "crash" yesterday, the idiots couldn't wait to Tweet it. Little did they know it went back up and beyond in a matter of hours lol.

People just need to chill out. Bitcoin will only grow, people trust it as no one can take it from you or restrict you.

This panic is because a lot of btc owners at the mo are computer geeks who are holding a lot of £ worth of btc in their mind wallets and don't know what to do. Just relax guys and enjoy it, it will have its little troughs now and again but I truly believe that those who hold on to their coins will be known one day as bitcoin millionaires and your trust will be rewarded.

(while I was typing it creeped to a record $225 (air punch)) -

MGUK

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Quote from: bear1981 on April 09, 2013, 12:18:21 PM

You have more European people becoming aware of Bitcoin everyday now, even talks of countries using it to get around imposed sanctions. It won't be long before this really really explodes.

I'm seriously thinking of buying more now at $223 because we will probably look back and say - remember when you could buy a bitcoin for $200?! I bought my first lot at $70ish and didn't want to buy at $80 because I thought it was too expensive at that price.

Hopefully soon we will only be talking in milibitcoin so normal people will happily invest £100 in 14.3 milibitcoin because it sounds like you get more for your money. (might have my maths wrong there)

Yup, I think I'll be buying more still. Kinda feel a bit of an idiot just knowing that I've paid less than $10 for a BTC, and I think Britcoin still have 2 - 3BTC of mine. **sigh**

I think there will be a crash at somepoint, e.g. more than a 20% drop over a day. The growth at the moment is too much. But in the long term, I wouldn't be surprised to see its get to $300 - $500 and even more.

bb113

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Quote from: SilentSonicBoom on April 09, 2013, 12:07:15 PM

Bitcoin is currently entering a parabolic rise in price. How long it lasts is anyone's guess. Look up tulipmania for an example.

Have you looked up tulip mania? It was the governments fault. Also no tulips ever actually exchanged hands, it lasted about 6 months, and there was only a 20x increase.

bear1981

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You have more European people becoming aware of Bitcoin everyday now, even talks of countries using it to get around imposed sanctions. It won't be long before this really really explodes.

I'm seriously thinking of buying more now at $223 because we will probably look back and say - remember when you could buy a bitcoin for $200?! I bought my first lot at $70ish and didn't want to buy at $80 because I thought it was too expensive at that price.

Hopefully soon we will only be talking in milibitcoin so normal people will happily invest £100 in 14.3 milibitcoin because it sounds like you get more for your money. (might have my maths wrong there)

Topic: Within 1 week I think there's a small chance BTC will crash from $240 to $160 (Read 1245 times)