Bitcoin crashes below the $5 mark, loses 35% of it’s value, MASSIVE selloff today.
This may be the final straw for bitcoins. There was a massive selloff today (180k coins and counting) as the price of bitcoins crashed through the $5 price point. Everyone’s jumping ship right now.
There’s really little chance of it ever coming back above that price point. Here’s the all-time chart, this is by far the largest selloff in Bitcoin’s history happening right now.
And just for fun, here’s another graph:
Remember when I called the peak at the beginning of June? I got so much shit for that.
Rick Flair
September 9, 2011 @ 12:28 pm
meh
Rick Flair
September 9, 2011 @ 7:24 pm
wooooooooooooooooooooooooooooo!
sara
September 9, 2011 @ 10:09 pm
I’ve got some dog poop I’d like to trade for other dog poop. Anyone want to start an exchange? Love, Ms. Ponzi
Dezz
January 13, 2015 @ 12:10 pm
Looks like you should’ve poured in 3 years ago when you wrote this, and you could be a millionaire today.
Fluxity
January 13, 2015 @ 12:13 pm
Or I could have lost it all on Mt. Gox like thousands of others did
Nano Sapian
January 14, 2015 @ 12:38 am
Or you could have kept your private keys and your own wallet and used Bitcoin as it was intended–trustlessly.
FalconFour
September 10, 2011 @ 2:14 am
FUCK YEAH! Time to jump on the downfall and ride this mutha out… I’ll suck up a good fiddydolla of Bitcoin at $5 each and watch the price go up to $8 again. I’ve never dealt in stocks before but I swear to christ this is the cheapest lesson in investment anyone could buy into right now… fucking $1,000 minimum account and whatever in the real world, screw that.
Here’s the facts: Bitcoin is used online. Doesn’t matter where, doesn’t matter why, it matters that there are people that operate their businesses around the whole Bitcoin thing. So no matter how devalued it gets, it’ll still have value for the rest of eternity. And as long as it has value, I can buy 100 Bitcoin for a buck, and it’ll still be worth a buck to someone. Or maybe it’ll go back to $15/Bitcoin and I could buy 0.06 Bitcoin for a buck. Fuck cares. It’ll always have value and I just lol heartily at these graphs. It’s like a rollercoaster, WOOHOO!! 😀
pesa_africa
January 13, 2015 @ 11:49 am
Good point mate! so glad to read this now! I wish i had bought back then, but i am buying now for sure.
Dick Vanderhilt
September 10, 2011 @ 3:25 am
sara, wanna just pile all the dog poop up and make sweet sweet love on top of it? a brother’s gotta get his kicks somehow, and it is starting to look like my pattaya bitcon ladyboys aren’t gonna happen…
shitman
September 10, 2011 @ 6:05 am
Buuuuuuuuut
no one
September 10, 2011 @ 7:43 am
who bought those bitcoins? have you thought about it?
let me tell you, those who know that prices will shoot up again soon
BTCarmy
September 10, 2011 @ 11:02 am
This thing is fucking awesome! The volume is actually at a healthy level now! That’s what should be happening, lots of buying and selling to find stabilization, the price is arbitrary! In theory it should cost as much as the electricity costs for hobbyists to crank out more bitcoins. Someone run that metric for us.
bitcalc
September 10, 2011 @ 11:17 am
Here it is.
$3.26 per btc is the going rate according to this calculation.
I used:
0.105 per effective kWh (@1kWh)
1400 MH/s (looking at dual 6990s)
1777774.482 difficulty
Don Trump
October 17, 2011 @ 2:48 am
The lower it gets, the more I will buy. Wooooohoooooooo. Cha Ching!!!!
Lol
October 21, 2011 @ 8:42 am
“its value”, you illiterate retard.
Bit is better than the FUCKKIN FED OF US
December 7, 2011 @ 10:22 pm
bitcoin is better than the fed in so many ways!!!
asdf
May 21, 2014 @ 5:21 am
worst prediction ever? bitcoin currently at $500 and rising
Rat
January 13, 2015 @ 2:19 pm
Best prediction
Awesome job