Ninjastic
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Board Speculation
Re: Double Digits incoming!
by
Bitcopia
on 07/12/2013, 17:31:31 UTC
Quote from: bathwater on December 07, 2013, 07:28:14 AM
Quote from: Bitcopia on December 07, 2013, 07:05:57 AM
Quote from: Mirsad on December 07, 2013, 06:23:13 AM
Normally the crash is way slower then than this!

No. It's not.

It's been 46 hours since the crash started. Price has gone from (Bitstamp) $1,133 to $667. So, after 46 hours current price is about 59% of price at beginning of crash.

The April crash went from $266 to $50 in less than 36 hours. So, in less than 36 hours price fell to 19% of it's price at the beginning of the crash.

We won't see double digits unless Bitcoin fails, and I highly doubt that happening any time soon.

its falling......... double digits doesnt = fail. or are you stupid ? worst YOUR A NON-BELIEVER !!
you sir are trash.

I'm an absolute believer. I have already built a business and am developing another business around the Bitcoin protocol. What have you done other than troll this board with poor grammar and thoughtless comments for a couple weeks?

Bitcoin won't see double digits again because too many people with deep pockets are understanding its capabilities. If it reaches double digits at this point, that would signal that there is a significant problem with an underlying principal and another alt currency corrects that problem. As I said, I highly doubt that happening any time soon. I highly doubt that happening ever due to the resiliency of the protocol and its stakeholders interest in self-preservation.