CRASH: Bitcoin Collapses After Major Blow From China (Video)
The latest is that BTC China, the big Bitcoin startup there, announced that it could no longer accept deposits in the local currency.
So Bitcoin is getting crushed. Not that long ago it was above $1,000. Then it settled into around a $900 area, then it dropped to around $700. Now it’s around $500.
To me, this is a good thing. Bitcoin is an elitist digital currency. It has no real value and people like myself cant afford it so what good is it? I hope it crashes to the floor. Won’t hurt me any. -Mort
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Mort, get over the “elitist currency” crap just because you missed the boat when it was 10 to 15 dollars a piece.
I 2 coins awhile back, and it cost me 140.00. I sold last week for 2000.00
not bad
Now I’m watching it crash again. When I think I see a bottom… I will buy again.
Oh… and I’m hardly what you would consider “an elite”
Amigo, BitCoin is not a crash and its not going to. Its still up from $14.00 from January. This is just an opportunity to buy more. I would suggest you buy 1 then when it hit’s a million a coin when gold and silver is revealed to be manipulated And it’s found out that for every paper oz of silver they sell 3 that they don’t hold at the Comex or its sister Co in England Gold, Silver and BitCoin will skyrocket. No way I can change your view. I am far from an elitist but I know plenty about money. Comex is about to be found out. So 4 people will line up for the same paper oz. What do you think is going to happen then? Where are people going to go. I hope you at least have some silver which is trading around $20.00 easily will hit $100.00 when the dollar fails and the Comex goes down. The irony of the Comex story just after yours speaks volumns.
BTC is a GOLDEN OPPORTUNITY NOW its crazy because it went from pennies to over $700 a coin which is on.
I rather buy BTC Mining Contracts because you just purchase the plan, give them your BTC address and just wait to get paid.
It’s that simple!
It’s better than buying one BTC at a time!
Go here
http://www.cloudhashing.com
http://www.bitcoinminingcontract.com
Happy BTC mining!
Just read an article yesterday , making it look like Bitcoin will be the future in world currency, that China is dumping gold, that everyone is getting rich overnight.
My feeling is if Bitcoin is so volatile ,such large swings, it has to be worse then the stock market.
So if you buy a bitcoin for $100 and it rises to say 500 in the morning, and you go and buy groceries , and you spend 200 , it just seems with volatility and the weird unknowns, how does a merchant get paid with a bitcoin greater than your bill, and what does he give you as change, everything isn’t like a shell game, will it take an hour to figure what the transfer bottom line is in your account.
With regular currency, it’s face value, what you get back is exact,
If you used gold , it is say 1300 oz, you sell it get the $$ put on a card, and you have 1300 to spend.
Weather the governments screw us by printing money, or the Fed Reserve, or world banks, or the entire banking system all play game with money and digitizing it , but they at least don’t allow the value to fluctuate to such extremes , it would be like using money during the great depression.