Post
Topic
Board Press
Re: [2014-06-13] Bitcoin Prices Plunge As US Government Prepares To Auction Off Huge
by
bryant.coleman
on 13/06/2014, 18:52:03 UTC
Wiped out?
BTC was at ~$625 each 24 hours ago (before the "wipe-out"), and about 5 hours ago it was all the way back to $612 (on BTC-e)
The entire "mini-panic" is easy to reverse, the question is what next?

Answer = The Bitcoin fundamentals are solid and we are probably going higher in 2 weeks or less.

Before the Expedia news came out, Bitcoin was trading in Bitstamp at $650-660. Now it is $570-580, which is equivalent to a 12.5% dip. And I am afraid it might crash even more.