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Old 11-30-2017, 01:27 PM   #1
TheDynasty
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Bitcoin loses over a fifth of its value in less than 24 hours

LONDON (Reuters) - Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. BTC=BTSP.

The cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours. It then edged back up to trade at around $9,400 in the hour that followed, still down roughly 4 percent on the day. (Graphic: Bitcoin searches exceeds that of Trump - reut.rs/2zSavA6)

One market-watcher attributed the fall to outages in bitcoin exchanges and the heavy price surge of recent times.

?Naturally a few of the early bitcoin traders are taking some profits off the table,? said Charles Hayter, founder of CryptoCompare.com.

?Volatility is in the market at the moment and that means both positive and negative moves.?

The latest fall has tempered an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1,100 percent year-to-date on Wednesday. As of 1500 GMT on Thursday, it was still up around 880 percent.

https://www.reuters.com/article/us-g...-idUSKBN1DU1Z3
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Old 11-30-2017, 01:31 PM   #2
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sell sell sell!
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Old 11-30-2017, 03:04 PM   #3
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strangely, if you check litecoin, Bitcoin & Ethereum, they all did the same dive at about the same time & now levelling back off all the same ...

hence my thread earlier, I wondered what was going on...

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Old 11-30-2017, 03:23 PM   #4
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it was a scam! sure some got money when the floor drops you better be gone or suffer
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Old 11-30-2017, 03:49 PM   #5
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Originally Posted by GspotProductions View Post
strangely, if you check litecoin, Bitcoin & Ethereum, they all did the same dive at about the same time & now levelling back off all the same ...

hence my thread earlier, I wondered what was going on...

https://gfy.com/fucking-around-and-pr...s-springs.html
Yes, it is not natural. It's behaving like the stock market. Computer algorithms and institutionally controlled.

20% is a decent pullback. Start buying again.
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Old 11-30-2017, 03:50 PM   #6
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Old 11-30-2017, 10:04 PM   #7
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On the subject of Bitcoin...please read this article. It's fascinating.

https://hackernoon.com/trump-wont-ki...l-a2be67247969
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Old 12-01-2017, 08:53 AM   #8
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no one will really know the future of bitcoin. It could burst or it could change history.
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Old 12-01-2017, 09:13 AM   #9
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no one will really know the future of bitcoin. It could burst or it could change history.
Will the powers in place let the bitcoin change history?? Just thinking with my tinfoil hat on.
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Old 12-01-2017, 09:20 AM   #10
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Its because people are speculating on Coins, which causes the price to be inflated.

Whatever. I'll go back to my business.
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Old 12-07-2017, 06:14 PM   #11
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Originally Posted by bronco67 View Post
On the subject of Bitcoin...please read this article. It's fascinating.

https://hackernoon.com/trump-wont-ki...l-a2be67247969
Great article
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