WTF just happened!?! Bitcoins lose all value, drop to a penny.

I’m not sure what happened today, but Bitcoins briefly lost all value, dropping from $18 to $.01 nearly instantly.

penny buttcoins worth less than penny stocks

The price shot back up alost instantly (and Mt. Gox had crashed so no one could put in buy orders ar <$1), but not before the bitcoin guys also proceeded to freak the fuck out.

It’s also worthy to note how much power Mt. Gox has over the entire market, a large sell over literallyádestroysáthe entire economy.