Post
Topic
Board Speculation
Re: Bitcoin bubble crash @ 100$ Summer of 2013?
by
coffeeee
on 03/04/2013, 22:48:48 UTC
Seems like BitCoin and LiteCoin is crashing now - BTC down from 147 to 100 (32%) and LTC from 6$ to 3,7$ (38%).
If the downtrend continues for several days/weeks we will probably end up with BTC down 80% and LTC down 90% from ATH.
Two hours later and it has rebounded to 120.

I would wager that these quick price dips are people sitting on piles of coins who think to themselves, "Welp, if I cash out now, I can have 500k. Good enough for me."