Ultimate Bitcoin Crashdown - Loses 80% of Value

[Zsaleem]

Bitcoin Crashes, loosing nearly 80% of it's worth| Business Insider

The Bitcoin bubble appears to have burst, at least for the moment. The value of the digital currency fell from its previous $260 to $52 in just one day—a crash of 80 percent. The exchange rate later stabilised to $55, and at the time of publishing, is around $56. While there is no clear explanation for the crash, the market might simply be correcting itself after a huge rise.

Good luck bros.

 

[samgeneric]

I'm betting it settles out at around $28.

 

[dreamache]

Down to $52? Where, I don't see that in any of the charts.. Lowest it got was around $105.

Edit: Oh, I see now in the link provided. My 3 yr old daughter pointed out the dip.

 

[Fiver]

We need to put Luke on a suicide watch.

 

[Veritas]

I think anyone who opens another BIT COIN thread should be banned til the end of time.

 

[magcshroom]

You got me motherfucker

 

[r3p1v]

link in the op is googlehammer?

loool, it didn't finish loading for me and noticed some of the other comments and tags and closed it in time.

 

[igl00]

godo one [ps didntclick ]

 

[jstover77]

 

[jorarulit]

ahhahahaha

 

[Peterb]

fuck, you got me..

 

[vinnythejinny]

fuck this. Got me after like a year.

 

[EricVorheese]

Got me after a long time. +repped OP

 

[potentialeight]

Almost got me. Thankfully I checked the URL. Well-played.

 

[EricVonDoobie]

I know everyone on Wickedfire is poor because we have so many bitcoin threads.

 

[rusvik]

Well, nothing special here. A bit like the Facebook IPO. When morons on the internet begin touting something as an investment, then is always the time to short.

And I'm not talking bout wickedfire, but Bitcoin crap has been popping up all over recently.

The only true 100% safe investment strategy is to go short in what the general public thinks is a great investment strategy.