Re: BITCOIN BROKE into $400's again. POSSIBLY ANOTHER CRASH COMING.
60% crash is not so bad, Bitcoin price history had bigger % crashes.
No matter how you slice it, a 60% loss in value is bad, regardless of whether or not there have been worse crashes.
there is a reeason this was at the top of r/bitcoin for a while:
A lot of suckers bought in at or near the top (mainly from listening to the hype machine from the echo chamber here and elsewhere) and are now suffering for it.
like this idiot here:
Quote
Guys, I fucked up major time... I don't even know how much I fucked up...Fuck me, I sohuldn't of done this.. I am 16 years old, and I have only a few hundred euros in my bank account but I knew where my father was holding his bank login data and his secret numbers..My family has always been poor, until recently, when my father became successful at his job, andwe could move into a new house and everything..So he had quite a little money saved up (a few hundred thousand)..Damn I am crying as I write this. A few weeks ago, when the damn price was going up, I raelly wanted to earn some money. But because I didn#t have anything myself, I registerd on bitstamp with my fathers passport and everything (he has been gone now for the last three weeks on a business trip, and he will be coming back tomorrow..)) and then transferred money (15,000 euro, over five days) and buyed bitcoins, because I really wannted to make some money.