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[Zrk2]

Well that was quick.

[werty892]

Heh. Guess It's time for me to stop laundering money and transferring it to the mafia. That kinda broke this
 

[Scelly9]

Damn. Now my .14 bitcoins are only worth $21.

[Loud Whispers]

http://www.businessinsider.com/as-bitcoin-prices-collapse-fans-are-telling-each-other-to-stay-strong-and-hold-2013-4

http://youtu.be/t7ygn7QQNEI?t=1m17s

[GreatJustice]

And it hopped back up to ~$180. Not so dead it appears

[Leafsnail]

I for one like it when a single DDoS attack can slash the value of my money in half.

[penguinofhonor]

Eh, not that different than stocks.

[Cthulhu]

Considering the stocks are actually important on a large scale, it kind of is.  This pissed off the Russian Mafia, some drug dealers, and a bunch of internet libertarians.  If the stock market detonated over the course of a few hours like this we'd be feeling the repercussions for years.

It might have slid back up but I feel like this is the end.  I love the guys trying to hold fast.  That's it, stay strong, see just how much money you can lose.

[alway]

Down to $120 on mtgox, who halted all trades until 10est/7pst. I'm betting it's going to fall further.

Looks like on other trading sites, it's at ~$70 now.

And the ponzi scheme and crash articles are pouring out. http://www.slate.com/articles/news_and_politics/view_from_chicago/2013/04/bitcoin_is_a_ponzi_scheme_the_internet_currency_will_collapse.html

Yeaahhhhh, it's not recovering any time soon.

Also the subreddit. Lol. http://www.reddit.com/r/Bitcoin/

[Zrk2]

Also the subreddit. Lol. http://www.reddit.com/r/Bitcoin/

Mmm... internet tears...

[forsaken1111]

So wait for the low end of the crash, buy many bitcoins, wait for recovery?

[Leafsnail]

You really don't get it do you

[forsaken1111]

You really don't get it do you

I guess not. Please enlighten me.

[Leafsnail]

If you just blindly invest based on vague ideas that "it's going to go up!" you aren't going to be the one making money.  You'll be the one making money for somebody else who knows what they're doing.

[alway]

Or, more likely, for some trading algorithm whose market prediction is waaaay better than your gut feels.