Bitcoin crashes below the $5 mark, loses 35% of it’s value, MASSIVE selloff today.
This may be the final straw for bitcoins. There was a massive selloff today (180k coins and counting) as the price of bitcoins crashed through the $5 price point. Everyone’s jumping ship right now.
There’s really little chance of it ever coming back above that price point. Here’s the all-time chart, this is by far the largest selloff in Bitcoin’s history happening right now.
And just for fun, here’s another graph:
Remember when I called the peak at the beginning of June? I got so much shit for that.
meh
wooooooooooooooooooooooooooooo!
I’ve got some dog poop I’d like to trade for other dog poop. Anyone want to start an exchange? Love, Ms. Ponzi
FUCK YEAH! Time to jump on the downfall and ride this mutha out… I’ll suck up a good fiddydolla of Bitcoin at $5 each and watch the price go up to $8 again. I’ve never dealt in stocks before but I swear to christ this is the cheapest lesson in investment anyone could buy into right now… fucking $1,000 minimum account and whatever in the real world, screw that.
Here’s the facts: Bitcoin is used online. Doesn’t matter where, doesn’t matter why, it matters that there are people that operate their businesses around the whole Bitcoin thing. So no matter how devalued it gets, it’ll still have value for the rest of eternity. And as long as it has value, I can buy 100 Bitcoin for a buck, and it’ll still be worth a buck to someone. Or maybe it’ll go back to $15/Bitcoin and I could buy 0.06 Bitcoin for a buck. Fuck cares. It’ll always have value and I just lol heartily at these graphs. It’s like a rollercoaster, WOOHOO!!
sara, wanna just pile all the dog poop up and make sweet sweet love on top of it? a brother’s gotta get his kicks somehow, and it is starting to look like my pattaya bitcon ladyboys aren’t gonna happen…
Buuuuuuuuut
who bought those bitcoins? have you thought about it?
let me tell you, those who know that prices will shoot up again soon
This thing is fucking awesome! The volume is actually at a healthy level now! That’s what should be happening, lots of buying and selling to find stabilization, the price is arbitrary! In theory it should cost as much as the electricity costs for hobbyists to crank out more bitcoins. Someone run that metric for us.
Here it is.
$3.26 per btc is the going rate according to this calculation.
I used:
0.105 per effective kWh (@1kWh)
1400 MH/s (looking at dual 6990s)
1777774.482 difficulty
The lower it gets, the more I will buy. Wooooohoooooooo. Cha Ching!!!!
“its value”, you illiterate retard.
bitcoin is better than the fed in so many ways!!!