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Bitcoin Madness Is Over - IM SORRY FOR ALL WHO LOST MONEY

Discussion in 'BlackHat Lounge' started by ferma231, Apr 10, 2013.

  1. ferma231

    ferma231 Elite Member

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    Last edited: Apr 10, 2013
  2. sashablack

    sashablack Elite Member

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    Thank god cuz i was gonna invest a lot of money now im gonna have to change the game plan :)
     
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  3. Twixx

    Twixx Supreme Member

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    Whoa, my dad was going to buy some yesterday. Luckily he didn't..
     
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  4. KardoseR

    KardoseR Regular Member

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    i know someone at this forum who said it was going to be 10k LOL
     
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  5. f0rked

    f0rked Registered Member

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    It's not over just yet, but by tomorrow, it'll be above $220-230 again. This drop was due to manipulation. Cause a panic, and the price is sure to drop so they can just pick up some cheap coins. For those who have been following Bitcoin for as long as I have, you know this sort of thing happens on almost a weekly basis(though not this dramatic). It will bounce back, and hit all time highs before the end of the week.
     
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  6. garrido

    garrido Supreme Member

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    This is insane.
     
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  7. ferma231

    ferma231 Elite Member

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    I doubt they will go up ;) maybe little bit, but not much.

    Just look at the charts, it havent had that big drop since hmm EVER.
    If they hit 20 again, then ye, it will be huge hit.

    I hope people dont listen to your advice, as you know US already starts to get them down somehow for not getting their cut, and estimated value was like $140 millions. Or more, i might be wrong in this.
     
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  8. LukaB

    LukaB Jr. VIP Jr. VIP Premium Member

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    You are judging by a days drop? Forex stuff goes up and down, it's life :)

    It will go back. Now might be a good time to buy a lot of time, if you're willing to take a risk.
     
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  9. ferma231

    ferma231 Elite Member

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    Forex stocks dont get down by like half in 1 day
     
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  10. homenet

    homenet Power Member

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    This was bound to happen. This is far from hitting the bottom yet so I would be very careful buying in at this point. You can expect this to drop below $100 very soon.
     
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  11. kokos4life

    kokos4life Newbie

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    This is madness!
     
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  12. f0rked

    f0rked Registered Member

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    What are you basing that on? There is over 15,000 people in queue at MtGox, most of which you can safely assume are there to buy coins, not to sell them. This happens often in the Bitcoin market. It's obvious by now that you're somewhat new to it, and don't quite understand just how resilient the market is. This isn't a crash like back in 2011. It's flat out manipulation/panic.
     
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  13. ferma231

    ferma231 Elite Member

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    Yup. True that.

    Now at $120
     
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  14. YenSync

    YenSync Newbie

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    It's at 119 now, could drop to 110, but I guess it won't go below that. At that point it will get traction again... We'll see!
     
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  15. zerofoxtrot

    zerofoxtrot Senior Member

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    That's one big crash. Hopefully it will cease all those Bitcoin threads here on BHW.
     
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  16. edgematch

    edgematch Elite Member

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    OP, you are totally wrong. You will cry loud and we will hear it later :) (Lol...)
     
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  17. nipunn12

    nipunn12 Regular Member

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    I messaged 5 people before the drop today saying that its in danger and to covert their to litecoin :p
     
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  18. Jobless

    Jobless Junior Member

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    Just remember to re-buy at $30-$40, and it will start climbing slowly again.

    Also, to wexzone: I told you. Called this 2 weeks ago, lol.
     
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  19. Furious George

    Furious George Supreme Member Premium Member

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    Welcome to investing.
     
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  20. Zapdos

    Zapdos Power Member

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    I wouldnt say the bubble burst. I'd just say alot of investors figured $250->$260 was their cashout point thinking that would be when others would. Price snowball upwards when something is wanted and prices snowball downwards when they think it's not wanted.

    I'm still going to buy when it crashes because. Worst case scenario, I lose some money. Best case, I gain some.
     
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