The Bitcoin Tracking Thread

[Horn]

$225 and dropping!

New and improved with leverage.

[vacuum]

$190

[Shami-Amourae]

Yep, this is the crash officially now. Wonder how low it goes.

My Litecoin theory isn't holding up, since that's crashing with Bitcoin.... yet.

[Shami-Amourae]

On BTC-e the price of BTC just went from 240 to 135 back to 190 (to match the Mt Gox price.)

[mamboni]

Good, it needs to stabilize. Where, is the question?

You call this price action stability? You are one hardass investor, kudos.

[vacuum]

$120 and dropping

[vacuum]

You call this price action stability? You are one hardass investor, kudos.

I think holding silver for a few years does that to you.

[Shami-Amourae]

On Gox the price keeps hovering up/down around $150. That was my guestimated price target of a crash. I hope it holds there.

[vacuum]

On Gox the price keeps hovering up/down around $150. That was my guestimated price target of a crash. I hope it holds there.

It looks closer to $100 to me.

edit: nvm, there are trades at $105 and others at $150. It's oscillating like crazy.

[madfranks]

You call this price action stability? You are one hardass investor, kudos.

No, which is why I said it needs to stabilize. Because what we're seeing is not stable. I think it's bitcoin price discovery time. The question is, what exactly is an anonymous decentralized currency worth to the world? And this probably isn't the last time we'll see crazy moves. It will probably take years for bitcoins to establish themselves; these are the birth pangs.