So... BTC is dropping, really hard. You guys selling? gonna buy in at a low?
Bitcoin Downturn Discussion Thread
So... BTC is dropping, really hard. You guys selling? gonna buy in at a low?
[12 Points] goldpimp:
[6 Points] naaaahahahah344:
bunch of drug addicts getting asshammered by the markets god this sub
[7 Points] Big_Daddy_Trucknutz:
Gonna buy big @ $150 going for the long run.
[5 Points] Zoominsquad:
worst thing everyone can do is just hoard btc. ever hear of dead cat bounce? shit wont resurrect like jesus unless we keep using btc. have faith. DO NOT SELL.
[4 Points] VorenusLucius:
What caused the value to plummet like this?
Either way, Im going to buy some BTC and just let it sit. Hopefully, it will normalize sooner than later.
[4 Points] thismaybemyfinalform:
Any markets commented on the downturn yet?
[5 Points] DOZENS_OF_BUTTS:
I hope it floors to $100. If it does I'm buying a bunch of bitcoins in anticipation of the price going back up.
[3 Points] lilwayneknight:
When vendors list items on Evo, are items tied to the BTC price or is there an option to tie it to USD price? For example, if someone listed an item three days ago for 1BTC ($275), is that item now priced at 1BTC ($175) or is it now priced at 1.5BTC ($275)?
[3 Points] drpnit:
How low can it go in the short term? Could we break $100? It's already tested near $150. My concern is that this is going to hammer vendors, especially the big ones. BV, for one, is taking a break until this bottoms out/stabilizes. I would think that big vendors hold bunches of BTC before trading it for fiat; a big vendor could see losses in the thousands overnight.
[2 Points] letopseyturv:
Yeah i bought at 350 on LocalBitcoins and i am TOTALLY getting shitted on. My local clients and myself want to order like now. If it were back up at around 300 range then sure but 200 bucks less from when i bought them? Hell na. I'm guessing this happened cuz of Russia? But i dont see how that could make the price go down?
[2 Points] R4ID:
[1 Points] enterathrowaway:
Just put in an order with AlexSosa last night after the initial crash but before the further one earlier this morning. Hope he doesn't cancel my order :(
[1 Points] thismaybemyfinalform:
I bought bitcoins last week using Coinbase with the intention of buying this week... If price drops below $180USD then I'm shit outta luck with this vendor. Not cashing out just yet, gonna hold on to them for awhile at least, just wish they would've come in a day or two earlier.
[1 Points] sobulbous:
Didn't SR1 have a way for vendors to hedge BTC? Surprised the newer markets haven't implemented something like that yet.
[1 Points] notwerby2:
If i placed an order with coinbase on monday, and the price dropped so much that by the time my order clears on friday, i'll have lost 70$ or more, do you think its a bad idea to just cancel the transfer from my bank, and open an acct with circle? Coinbase said cancelling my order "might" affect my ability to make future purchases.
[1 Points] tyzon05:
I bought at $319 and took a small loss.
I'm going to hold on to them, wait up on purchasing, and ride it out.
[1 Points] ronstoppable420:
I feel bad because I was trying to finalize this order for this awesome vendor but this happened :( and I tried to do it before it got any lower but agora went down :(((
[1 Points] chefboyoh:
People need to hedge.
[1 Points] dell_arness2:
Bought enough so that if it goes back to $250 I'll have enough for a fake id.
[1 Points] opiatesownme:
Alright so would it be bad for me to place a coinbase order for 250$? I'm not verified so I wouldn't get my coins in a week. Is it just gonna go down more and more or what?
[1 Points] None:
If we knew what low actually was, then none of this would be an issue =p
[1 Points] psychedelicate_TMG:
it's CLEARLY dropping because I bought btc recently.
[1 Points] deathrose18:
:p my idea is I would of spent it anyway why not save a lil and always have that hope that it pays out if not eh I didn't need those drugs any way as long as ppl believe that they can make money and it's not worth it to mine bitcoins on a large scale so that limits the supply of bitcoin and as that happens the price goes up and depending on profit people will end up mineing bitcoins cause of the high demand and this will continue till all the bitcoins have been mined after that who knows what will happen will it still be a dark web currency by then if so wonder what one bitcoin would cost by then and I'd laugh my ass when I'm hit my midlife crisis and one bitcoin is worth a high amount and I have plenty cause I got them at a low rate
[0 Points] iwoooooahahah:
All the way down to 100. I see it going to 10 in the next year. How do I know this? I am Satoshi.
[0 Points] concernedad420:
I feel bad for the vendors losing coin. I have a feeling in my gut it's going to skyrocket here soon, it's only a matter of time. I'm not 100% on the bitcoin fluctuations but I'm sure there is someone out there that knows how it's going to pan out
[-3 Points] None:
[deleted]
I have bought several btc hoping to make a quick buck, but I must say I always get fucked in the ass on my investments