BTC crash discussion

Mod should probably be sticking this.

If you have noticed already btc prices are tanking. I think there are rumors that China plans to outright ban bitcoins there. This is terrible timing too. Another major hit to vendors. I suggest buyers refrain from buying, vendors have lost enough these past few months.

How low you you think prices will go?


Comments


[4 Points] enigmatic91:

Was to be expected with how much the price changed in a couple of weeks. Anyone with even a little knowledge on BTC knows that the price can change quite a bit in several hours time. People that didn't anticipated this were naive or just dumb and anyone ranting over their loses should STFU.


[4 Points] bassandlights:

This is good for those, like me, who want to seriously start investing for the long term. Im going to jump on during the 550ish range should it get down there. The 50 day moving average is around 650,iirc, so it is still above that.


[2 Points] None:

What the vendors really need is hedging.


[1 Points] sharpshooter789:

Also how long do you think it will take for coins to be $1000?


[1 Points] None:

Good thing I cashed out at $1000.


[1 Points] Captredeye71:

Gawd with the number of people throwing "Where are my coins/funds?" onto /r/Coinbase I had to unsubscribe from that sub. There appears to be a lack of Market access for most. Which might be a good thing.