Bitcoin is crashing hard [surprise....]

Still waiting for 2140 when all bitcoins will be mined. Oh wait....
 
unloaded 20k worth when it hit $1.1k

it's about to be litty again :eek:
 
Well for those who didn't know. Bitcoins rised up because of Chineese currency going very low.
Then, China government took measures to stabilize their currency which had the reverse effect.
No panic to have though since it seems to stabilize higher from where it was before.
 
That faucet method is stealing from others. Am I right

Not really, faucets are not stealing but displaying ads to others and taking a fee from their earnings.
but yea, there were people whom didn't pay their users so mostly people thought faucets = scam.

As for the Bitcoin, I think it will pass $1k in March.
 
bought a boatload at 740 just recently xD

Nice job, seems it already went way up.

Bitcoin is a momentum investment, and the Chinese are momentum buyers, there is usually some correlation when it shoots up.
 
Nice job, seems it already went way up.

Bitcoin is a momentum investment, and the Chinese are momentum buyers, there is usually some correlation when it shoots up.

It's highly volatile, so you should only invest funds you can forget about.

Long term investment. Might be worth 10.000 U$ one day, who knows.

But it's not for the faint of heart, the darn thing can go -20% overnight.
 
I remember a time when I bought a few bitcoins for $1 (a few hundred). It soared to $13 and I panicked. Sold it half, and sold the other half at $30 and regretted when it hit 1k. A highly speculative financial instrument. I'll wait for a crash before buying again.
 
i got in at $1,000. I'm holding double digit amount in coins... if I sold now I'd still come up, but I'm holding... I think it might go up even more. Wish I would have done this when I was buying at 650 tho!!!
 
my prediction is there will be a slight crash today followed by a small rise and a further dip before the 11th .
lets see ;)
 
Carl-Richards-Sketch-Greed-Buy-Fear-Sell-Repeat-Until-Broke.jpg
Cool post
 
I used to have 0.2 bitcoins but I lost the notepad that I kept my crazy long weird password in. I think it'd be worth like £80 these days, bad times.
 
I used to have 0.2 bitcoins but I lost the notepad that I kept my crazy long weird password in. I think it'd be worth like £80 these days, bad times.

thats absolutely terrible, hopefully you have made far more in other venues!
 
No worries it will go up since more & more ppl getting involved by using Btc.
This price dance was expected after Gold vs Bitcoin News.
 
Any speculations about when it will go further down close to 750 or so? Or is everyone expecting a steady height because of the news coverage and volatile foreign currencies and economies?
 
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