Bitcoin has lost 45% of it’s value in the last 2 days going from an average of $20 down to a current price of $13. Another rollercoaster ride. Could be the market crashing like I predicted before, but I get ridculed everytime I predict the bubble bursting so maybe I won’t try and call it beforehand.

But there’s an interesting phenomenon going on. Let’s look at another graph.

This is a 2 month graph with the notations of the weekend. In the last 2 months, 7 out of the 9 weekends have resulted in the sell-off and a loss of bitcoin value. I’m not sure why this is happening, but the last 3 dramatic drops have been over the weekends. This upcoming weekend seems to be following the same trend.

We’ll see come Monday.

The post Bitcoin update 6/17/11 – We’re taking on water (weekend crash)! appeared first on Buttcoin Foundation.