Ninjastic
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Board India
Re: BTC Going back to $100
by
buysellbitcoin
on 07/12/2013, 08:27:42 UTC
Quote from: ajax3592 on December 07, 2013, 07:40:42 AM
Quote from: buysellbitcoin on December 07, 2013, 07:34:23 AM
Quote from: Coin.Karma on December 07, 2013, 06:26:52 AM
Quote from: daserpent1 on December 07, 2013, 04:39:44 AM
As you might know already, Chinese and French banks are no longer supporting any transactions that involve bitcoins. Therefore, all chinese traders are doing a massive BTC dump.

I just sold all my BTC (made a loss but with this crash, its better to get out sooner than later)

Sources:

http://www.smh.com.au/business/markets/currencies/china-bans-banks-from-bitcoin-transactions-20131206-2yugy.html
http://articles.economictimes.indiatimes.com/2013-12-05/news/44808398_1_pseudonym-satoshi-nakamoto-bitcoin-trading-platform-chinese-banks
http://business.time.com/2013/12/05/bitcoin-plummets-after-china-bans-it-from-banks/
http://www.bbc.co.uk/news/technology-25233224
http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html


First Crash - 32$ to 2$  - mt.gox numbers....1/16th value
Second Crash - 260$ - 54$ - mt.gox + btc24 numbers....1/5th value
Third Crash - 960$ - approximately 650$.... not fixed yet...just 1/3rd value.....the crash percentages is getting lesser....which is better

That is called re-distribution of wealth. If you thought bitcoin was just a way to make money, you are mistaken....I have survived all three crashes and I think, I will still be around for more. There will be many more bubbles before it gets into mass adoption. Use crashes  to increase your bitcoin holdings.

cheers and have fun. The present crash is nothing compared to the FIRST CRASH. also never invest more than you can lose.

have a good day...get used to it........

also regarding china, I am happy, bitcoin scares them. They have crazy capital controls...and bitcoin really proves its disruptive nature there.

Can not agree more !!!

Regards

When are we resuming the trades, buysellbitco.in?

We will resume as soon as market shows a bit stability. There is no way we can setup fair buy or sell price if market is swing 100+$ ( over 13% in less than 5 minutes )

We need a stable market to get fair price references. We are not an exchange where you deal with other traders. When you do any buy or sell on buysellbitco.in you will be buying or selling from us and we can not open again until market is a bit stable.

Regards