Bitcoin Crashes Below $400 to Lowest Level Since April

http://www.ibtimes.co.uk/bitcoin-price-crashes-below-400-lowest-level-since-april-1466260

by WoodenChair • 12 years ago

23 10 12 years ago

ibtimes.co.uk

Kamic• 12 years ago

/yawn ... buys more

OP here. I too took this as a buying opportunity. $400 interestingly was a low hit around April as well. There's no rhyme nor reason to my buying other than an intuition about what "low" may mean. For me its a long term hold. If the price fell to $350 I would still hold. In fact if the price fell to $200 I would probably hold unless the whole Bitcoin system was somehow compromised and it was obviously going to $0...

pontifier2• 12 years ago

That's my biggest problem with bitcoin. If someone figures out how to reverse sha256 they could just mine blocks here and there without attracting too much attention, but in reality the whole thing would be on shaky ground and truly worthless.

kolev3• 12 years ago

Is this /r/Bitcoin or HN? The audience (and IQ) here is quite different.

kolev3• 12 years ago

"Buying opportunity" or "loss opportunity"? It was supposed to be over $5,000 apiece already, right?

dnautics• 12 years ago

Even if an asset price decreases on the long term, you could still make a hefty profit by buying and selling at exactly the right times.

kolev3• 12 years ago

Determining the "right times" is the exact problem.

fataliss• 12 years ago

If BTC could stop dropping and let me put my money elsewhere that'd be great!

Bitcoin Crashes Below $400 to Lowest Level Since April

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