The BTC Sky is Falling??? Again?

[yennus]

Looks like BTC might be falling again

Reasons?

 

[trew]

Looks like BTC might be falling again

Reasons?

More sellers than buyers ?

 

[spannermonkey]

good time to catch some ? a bit hard to catch them on the way up

 

[Altima]

What's the damage now? I'm too lazy to check how much it has fallen.

Edit: Meh. Tell me when it has fallen to below 200USD and then I'll see that as a crash.

 

[whinfell]

Just a normal day at the BTC office

 

[Load of Bullion]

BTC's really gone off the cliff this time!!!!

Ooops..

 

[wrcmad]

Looks like BTC might be falling again

Reasons?

More sellers than buyers ?

+1
Love it

 

[goldpelican]

Someone literally just dumped 13,000 BTC (over $1m worth) on MtGox and drove the price down $30 in seconds.

 

[Earthjade]

Someone literally just dumped 13,000 BTC (over $1m worth) on MtGox and drove the price down $30 in seconds.

My friend, 13K Bitcoin is closer to $12 million dollars at a price of $900 per coin.

 

[SilverSaviour]

And I read that post a couple of times and thought nothing of it !!

(lucky I'm not an engineer.... :0 (actually I am))

 

[beeteecee]

Seems like we may be leaving the "return to normal" phase into "fear"?

 

[SilverSaviour]

I wonder if it will it get back to $1000 this week ?

 

[goldpelican]

Someone literally just dumped 13,000 BTC (over $1m worth) on MtGox and drove the price down $30 in seconds.

My friend, 13K Bitcoin is closer to $12 million dollars at a price of $900 per coin.

Bullion on sale tomorrow

 

[trew]

Looks like BTC might be falling again

Reasons?

More sellers than buyers ?

+1
Love it

Well at least the bitcoin market is a true market.
No futures with paper contracts muddying the water.
Anyone selling bitcoins has to actually have bitcoins to sell.
Anyone buying bitcoins gets actual bitcoins.

 

[Earthjade]

Well at least the bitcoin market is a true market.
No futures with paper contracts muddying the water.
Anyone selling bitcoins has to actually have bitcoins to sell.
Anyone buying bitcoins gets actual bitcoins.

And honestly, that's why I'm diversifying some of my stack into the cryptos - you can only take so much of being screwed up the bunghole by the COMEX or London Metals Exchange.
I do see it as a hedge for my stack.

 

[wrcmad]

Well at least the bitcoin market is a true market.
No futures with paper contracts muddying the water.
Anyone selling bitcoins has to actually have bitcoins to sell.
Anyone buying bitcoins gets actual bitcoins.

Are you sure?: http://icbit.se/futures

 

[Earthjade]

^ A drop in the bucket compared the the mass fraud on the gold markets.
Cryptos have the advantage of still being unregulated and not being sold short (much).
Trew's analysis still stands.