Bitcoin is crashing

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  • bobbywaves
    SBR Posting Legend
    • 05-06-08
    • 13280

    #1
    Bitcoin is crashing
  • 5mike5
    SBR Aristocracy
    • 09-21-11
    • 52006

    #2
    not a shock

    gonna get alot worse too
    Comment
    • cloverfield
      SBR Wise Guy
      • 12-24-10
      • 862

      #3
      does this often.

      10 days ago it went from $1050 down to $850 and then the next day it was at $1150.

      China said that banks can't use it yet but that it's legal for people to use it online. It's just how bitcoin works.

      I remember when it went from $200 down to $80 and people were freaking out bigtime.
      Comment
      • dealer wins
        SBR Wise Guy
        • 02-03-09
        • 816

        #4
        Bitcoin, the same as using dogshit as a currency!!
        Comment
        • relaaxx
          SBR MVP
          • 06-15-06
          • 3281

          #5
          people will buy anything they think someone else wants,anything.
          Comment
          • bettingstation
            SBR MVP
            • 03-25-13
            • 1084

            #6
            expecting this scenario... sooner it will gone and banned...)) cheers...
            Comment
            • SteveRyan
              SBR MVP
              • 11-15-11
              • 1654

              #7
              A friend of mines husband works (worked!) with a guy who bought a few thousand dollars worth of bitcoins several years ago. He recently quit his job and moved to South America.

              I guess his investment ended up being worth millions.

              Can't believe I didn't jump on this ship when it was sailing by. Ugh...
              Comment
              • bettingstation
                SBR MVP
                • 03-25-13
                • 1084

                #8
                Originally posted by SteveRyan
                A friend of mines husband works (worked!) with a guy who bought a few thousand dollars worth of bitcoins several years ago. He recently quit his job and moved to South America.

                I guess his investment ended up being worth millions.

                Can't believe I didn't jump on this ship when it was sailing by. Ugh...
                good for your friend, its like a pyramiding... the last persons who bought it will suffer...
                Comment
                • indio
                  SBR Wise Guy
                  • 06-03-11
                  • 751

                  #9
                  Originally posted by bettingstation
                  expecting this scenario... sooner it will gone and banned...)) cheers...
                  How can something not under the control of any government or central bank be banned? Are you really as stupid as it seems?

                  What does that even mean? Banned? By who?

                  Amazing how brainwashed clueless sheep can be.
                  Comment
                  • dink
                    Restricted User
                    • 09-11-13
                    • 665

                    #10
                    Not a shock

                    Gonna get alot worse too
                    Comment
                    • PD77
                      SBR MVP
                      • 12-11-09
                      • 2380

                      #11
                      "Created by an unknown hacker or hackers known as Satoshi Nakamoto,"

                      This tells you exactly how credible the article is. No doubt BTC are currently very volatile but they were not created by hackers and I wouldn't go as far as saying they are crashing.
                      Comment
                      • jjgold
                        SBR Aristocracy
                        • 07-20-05
                        • 388179

                        #12
                        All the suckers going to get in now and sharps get out
                        Comment
                        • bettingstation
                          SBR MVP
                          • 03-25-13
                          • 1084

                          #13
                          Originally posted by indio
                          How can something not under the control of any government or central bank be banned? Are you really as stupid as it seems?

                          What does that even mean? Banned? By who?

                          Amazing how brainwashed clueless sheep can be.
                          if the govt confirmed that this is illegal....
                          Comment
                          • capone1899
                            SBR MVP
                            • 06-16-11
                            • 1054

                            #14
                            Say it aint so. Something that continues to skyrocket for no reason is going down.........would have never guessed it.
                            Comment
                            • Gonz312
                              SBR MVP
                              • 01-22-11
                              • 1467

                              #15
                              Thev govt should stop trying so hard to shut it down and use the millions it confiscated as a down payment towards their ridiculous debt. Bitcoin is going to survive in some form or another anyway...kind of like internet gambling, the drug and weapon trade so on and so forth.
                              Comment
                              • lovetobet
                                SBR MVP
                                • 10-06-08
                                • 1294

                                #16
                                Bitcoin isn't going anywhere because of what it is used for in the commerce sense. Volatile, absolutely, going away, not a chance.
                                Comment
                                • indio
                                  SBR Wise Guy
                                  • 06-03-11
                                  • 751

                                  #17
                                  Originally posted by bettingstation
                                  if the govt confirmed that this is illegal....
                                  What government? It's a virtual currency used internationally on a free internet with no central authority, you know, no Zionists running it. If merchants and citizens want to trade products and/or services for bitcoins (or anything else), they can do it no matter what any "governments" of any countries say. Governments can shut down exchanges that trade bitcoins for Federal Reserve Notes or any other authoritarian central bank notes, but whatever international police that you think exists can't shut down bitcoin because it's completely out of its control, which is why freedom loving people created it in the first place.

                                  Thank goodness we still have people in this world who aren't scared little lambs who think governments can decide what you can and cannot do with your life, and your business, and your freedoms, and your right to trade products and services for something other than fiat interest bearing promissory notes run by a Jewish cartel.
                                  Comment
                                  • jjgold
                                    SBR Aristocracy
                                    • 07-20-05
                                    • 388179

                                    #18
                                    Stick to regular currencies men, anything going up this fast is a disaster waiting to happen.
                                    Comment
                                    • BigDeem5
                                      SBR Posting Legend
                                      • 02-26-11
                                      • 17191

                                      #19
                                      Bobbywaves is a paid shill

                                      Do not take whatever he says into consideration.
                                      Comment
                                      • cloverfield
                                        SBR Wise Guy
                                        • 12-24-10
                                        • 862

                                        #20
                                        $910 and climbing back

                                        no worries here fellas
                                        Comment
                                        • zacher
                                          SBR Wise Guy
                                          • 12-05-13
                                          • 588

                                          #21
                                          I don't have any monies tied up in bit coin but I can promise you it won't go anywhere.. value may bounce a bit but it won't be banned…if you dig into deep web (exclusively Tor) it is ran on it. You can buy or trade anything and I mean ANYTHING in bit coin… how those people on there are making any sort of real money behoves me but I have heard of people who have accumulated hundreds of thousands in bitcoins
                                          Comment
                                          • bettingstation
                                            SBR MVP
                                            • 03-25-13
                                            • 1084

                                            #22
                                            well, i can say goodluck... soon to have bad luck...
                                            Comment
                                            • PAULYPOKER
                                              BARRELED IN @ SBR!
                                              • 12-06-08
                                              • 36581

                                              #23
                                              When ever they pull the biggest scam artist of all time, outta the woodwork,known as greenspam to try an use lip service to change direction of BC,is laughable......

                                              The Elite bankster cartels are shittin in their boots........
                                              Comment
                                              • SteelRain
                                                SBR MVP
                                                • 03-13-12
                                                • 2806

                                                #24
                                                Originally posted by cloverfield
                                                $910 and climbing back

                                                no worries here fellas
                                                Why is it? You realize that deflation is just as awful as inflation right?

                                                When bitcoins reach $150,000 I guess it will be "no worries" to you.
                                                Comment
                                                • Legions36
                                                  SBR MVP
                                                  • 12-17-10
                                                  • 3032

                                                  #25
                                                  Bitcoin is the sh-it. This week is also the sh-it. There are also other coins that are the sh-it. Crash...LOL? It's not just about Bitcoin anymore there is so much more than just that.
                                                  I remember when didn't know about it before but I can tell u that there is nothing like it.
                                                  Comment
                                                  • Legions36
                                                    SBR MVP
                                                    • 12-17-10
                                                    • 3032

                                                    #26
                                                    Oh if bitcoin is to much for you then look into litecoin its getting ready to take off.
                                                    Comment
                                                    • Koldazzice
                                                      SBR MVP
                                                      • 11-08-11
                                                      • 2392

                                                      #27
                                                      I must admit I have made a nice chunk of change playing the bitcoin market - I do agree it is very volatile therefor I tred very lightly when buying back in making sure its a level I would be happy holding BTC if it should have a small crash.

                                                      The reason for the volatility is only because its trying to find a footing and establish a price as with any stock that has a huge rise it must consolidate before going back up.

                                                      To the people that call BTC a fraud or some hacker scam well they are just uninformed. It doesn't surprise me as in most things the people who know the least seem to be the 1st to talk and do the most talking. Doing your research before spewing out mouth diarrhea on a forum will make you look like less like a moron.
                                                      Comment
                                                      • PAULYPOKER
                                                        BARRELED IN @ SBR!
                                                        • 12-06-08
                                                        • 36581

                                                        #28
                                                        Originally posted by Legions36
                                                        Oh if bitcoin is to much for you then look into litecoin its getting ready to take off.
                                                        only room for one DC........

                                                        Litecoin is over before it starts.......

                                                        But you could pump and dump it for awhile......
                                                        Comment
                                                        • bettingstation
                                                          SBR MVP
                                                          • 03-25-13
                                                          • 1084

                                                          #29
                                                          well lets see in the future what will happen... just imagine last year less that 100 and now more than 1,000???
                                                          Comment
                                                          • Koldazzice
                                                            SBR MVP
                                                            • 11-08-11
                                                            • 2392

                                                            #30
                                                            ltc you don't need a Asic to get a decent hash rate either. I have 2x 7970 GPU's that get me 1350ish hash so when I'm not gaming it farms out around 1 LTC a day - currently at $31.111 on BTC-E exchange.
                                                            Comment
                                                            • PAULYPOKER
                                                              BARRELED IN @ SBR!
                                                              • 12-06-08
                                                              • 36581

                                                              #31
                                                              Originally posted by bettingstation
                                                              well lets see in the future what will happen... just imagine last year less that 100 and now more than 1,000???
                                                              6 months ago it was less than 100.....
                                                              Comment
                                                              • zacher
                                                                SBR Wise Guy
                                                                • 12-05-13
                                                                • 588

                                                                #32
                                                                Its not going anywhere. Prices will always swing but its not going anywhere. I wouldn't "play the market" either….to risky until it establishes itself and can be converted openly
                                                                Comment
                                                                • jjgold
                                                                  SBR Aristocracy
                                                                  • 07-20-05
                                                                  • 388179

                                                                  #33
                                                                  China announced today its illegal to use in China as a currency to exchange
                                                                  Its in trouble

                                                                  China said you can only trade it online via exchanges..not good news
                                                                  Comment
                                                                  • bettingstation
                                                                    SBR MVP
                                                                    • 03-25-13
                                                                    • 1084

                                                                    #34
                                                                    Originally posted by jjgold
                                                                    China announced today its illegal to use in China as a currency to exchange
                                                                    Its in trouble

                                                                    China said you can only trade it online via exchanges..not good news
                                                                    Now we know who is right... good job... jj....
                                                                    Comment
                                                                    • bettingstation
                                                                      SBR MVP
                                                                      • 03-25-13
                                                                      • 1084

                                                                      #35
                                                                      Originally posted by Koldazzice
                                                                      I must admit I have made a nice chunk of change playing the bitcoin market - I do agree it is very volatile therefor I tred very lightly when buying back in making sure its a level I would be happy holding BTC if it should have a small crash.

                                                                      The reason for the volatility is only because its trying to find a footing and establish a price as with any stock that has a huge rise it must consolidate before going back up.

                                                                      To the people that call BTC a fraud or some hacker scam well they are just uninformed. It doesn't surprise me as in most things the people who know the least seem to be the 1st to talk and do the most talking. Doing your research before spewing out mouth diarrhea on a forum will make you look like less like a moron.
                                                                      Now you know who is moron....
                                                                      Comment
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