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  • Bitcoin correction sees nearly $4 billion wiped off value of the cryptocurrency as price falls 19%

    From cnbc.com

    Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high. On May 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the digital currency was trading at an intra-day high of $2,267.73, marking a more than $520 drop or 18.7 percent decline since the record high, according to data from CoinDesk. "The correction was actually quite brief, the prices today are still higher than that of a week ago," Bobby Lee, CEO of BTCC, a major bitcoin exchange, told CNBC by phone. "I think ... (full story)

Stupid comments. what about the value added during the past 3 weeks of gains. this is just fear mongering
200000 in 2 years?
Hmm, the all time high and dates on my charts don't agree with this report. There is no need to report what is obvious to anyone that can read a price chart.
Forex factory, reporting yesterdays news today!
It will keep going up
Who's still laughing at me for switching to crypto 4 years ago? Where you guys at?
The cry babies will come in force if under 2100
I'm buying in the 1600 area...

And 18% drop that sounds scary is nice buy opportunity. More!!!
Every joe in Yemen and his cousin in Iran were buying the new high ... because Bitcoin is the thing, you know as an anti west anti establishment instrument, favored by the "third world" (;
The culling of the herd is a wonder to behold like the migration of the Wildebeest on the Serengeti
  • Post #9
  • Quote
  • Edited at 7:22pm May 29, 2017 6:55pm | Edited at 7:22pm
You cannot orbitally re arrange crypto currency atoms as you can with gold. How can you fuel a star drive with binary code or balance a brain hemispheres? Only gold can do the magic.
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Those.wildebeest are the new financial elite.
  • Post #11
  • Quote
  • Edited at 10:51am May 30, 2017 10:36am | Edited at 10:51am
Quoting Mingary
Every joe in Yemen and his cousin in Iran were buying the new high ... because Bitcoin is the thing, you know as an anti west anti establishment instrument, favored by the "third world" (; The culling of the herd is a wonder to behold like the migration of the Wildebeest on the Serengeti
The Wildebeest must be doing something right, as they have fossil records and they are still around. Bitcoin holders were selling, so that they could purchase other crypto assets. In the crypto world Bitcoin is the reserve currency. In the crypto world there are no bankers to rip you off with exchange rate fees.
Quoting Pleiadian
{quote} The Wildebeest must be doing something right, as they have fossil records and they are still around. Bitcoin holders were selling, so that they could purchase other crypto assets. In the crypto world Bitcoin is the reserve currency. In the crypto world there are no bankers to rip you off with exchange rate fees.
"Bitcoin holders were selling"
The market will move in the direction that causes the greatest financial damage to the largest number of accounts.
Quoting Mingary
{quote} "Bitcoin holders were selling" The market will move in the direction that causes the greatest financial damage to the largest number of accounts.
How???

In a funny twisted Fiat Money world - easy.
Look at swiss frank drop , Trumpo etc...
They just print 1000000000 euros etc and surpriseeeeee

In bitcoin - how?????
Is anybody printing 19000000 bitcoin????
Throw me few
Quoting Not-KPMG
{quote} How??? In a funny twisted Fiat Money world - easy. Look at swiss frank drop , Trumpo etc... They just print 1000000000 euros etc and surpriseeeeee In bitcoin - how????? Is anybody printing 19000000 bitcoin???? Throw me few
The masses buying the top as always..
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  • Story Stats
  • Posted: May 29, 2017 9:44am
  • Submitted by:
     Newsstand
    Category: Breaking News
    Comments: 14  /  Views: 4,412