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Started By
Message
Anyone see the bitcoin crash today?
Posted on 4/10/13 at 4:28 pm
Posted on 4/10/13 at 4:28 pm
Spiked at $266 and then hit $101.50 on the way down!!!
I think its a time to go long again!!!!
I think its a time to go long again!!!!
This post was edited on 4/10/13 at 4:30 pm
6
Posted on 4/10/13 at 4:31 pm to ThaBigFella
it's back at 187 now.. somebody just cashed in 
This post was edited on 4/10/13 at 4:32 pm
Posted on 4/10/13 at 4:32 pm to baytiger
If I owned a stock that traded at $266 and $101.50 in the same day before settling at $187 i would need a new pair of underwear and a pooper scooper for my fiance
Posted on 4/10/13 at 4:32 pm to baytiger
quote:
it's back at 187 now.. somebody just cashed in
What? Are you saying this is an unstable money market?
Posted on 4/10/13 at 4:33 pm to baytiger
it only rose to the news that it was not illegal to use so it increased in value. i remember when it was 20bucks a bitcoin
Posted on 4/10/13 at 4:43 pm to brbowhunter
quote:oh yeah the good ol' days of 3 months ago
i remember when it was 20bucks a bitcoin
Posted on 4/10/13 at 5:01 pm to ThaBigFella
Posted on 4/10/13 at 5:02 pm to aaronb023
im sorry, but I'd prefer to have a currency that doesn't lose half its value in a day.
Posted on 4/10/13 at 5:08 pm to aaronb023
Bro, do you not want to get rich?
Posted on 4/10/13 at 5:10 pm to TheIndulger
quote:
Bro, do you not want to get rich?
Better chance of that if he mined for gold in Alaska.
Posted on 4/10/13 at 5:19 pm to ThaBigFella
Posted on 4/10/13 at 5:36 pm to aaronb023
quote:
im sorry, but I'd prefer to have a currency that doesn't lose half its value in a day.
it's up $20 from the start of the week This post was edited on 4/10/13 at 5:37 pm
Posted on 4/10/13 at 5:52 pm to ThaBigFella
I have serious problems with the USD, but rolling my wealth into the 21st Century's tulip bulb is worse.
I'll buy ammo instead.
I'll buy ammo instead.
Posted on 4/10/13 at 6:29 pm to ThaBigFella
Posted on 4/11/13 at 1:15 am to aaronb023
quote:100 bucks (the low) means bitcoin gained 2.5X it's value in a week.
im sorry, but I'd prefer to have a currency that doesn't lose half its value in a day.
just sayin
Posted on 4/11/13 at 6:15 am to Roaad
quote:
100 bucks (the low) means bitcoin gained 2.5X it's value in a week.
No, it didn't.
Just sayin
Posted on 4/11/13 at 7:42 am to ThaBigFella
Wiki--has the price of goods/services (in bitcoins) dropped dramatically over the past month? Or are the people who hold the bitcoins cashing them out for USD or hoarding them, and not using them for transactions?
Posted on 4/11/13 at 8:35 am to Ric Flair
quote:
Wiki--has the price of goods/services (in bitcoins) dropped dramatically over the past month?
Most businesses that offer goods and services for bitcoin are priced in USD (or local fiat) and converted in real time via an API call to a major exchange, so the exchange rate is somewhat irrelevant to those merchants, especially if they use a service like BitPay that processes the transaction in bitcoin but gives them USD if they choose.
Posted on 4/11/13 at 8:40 am to WikiTiger
Posted on 4/11/13 at 8:59 am to Roaad
why does a rush of new investors cause a crash? Last I checked a flood of people buying a stock pushed it higher? 
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