The bitcoin bubble has burst!
 

I think the bubble finally popped.

Why? Just interested, have none.

shitcoins rising above bitcoins!

$450, but now loads of people will buy so it will go up again....right?

Half price bitcoins!

if you think it will stay this low for 24hrs your crazy

lets see!

i always watch this bitcoin market

I bought, today was great! :thumbsup

i lick pooped ?

This is the perfect time for the bitcoin investor, buy low, sell high.

Someone has posted a link to dynamically updated bitcoin price. Could you please post it again?

It is interesting that the volume is lower in China then in the US. First time in weeks that I have seen that.

http://markets.thegenesisblock.com/

Would buy some if i had the money....spend it on a new car...

Fucking China

500 and stabilizing....i dont see it going much below 500-450 in the near future, i might be all wrong though.

Cool, thanks :thumbsup

BTW, one more questions to the Bitcoin speculants here. Where do you trade guys?

I used coinbase to sell and tried a trade in their yesterday. It takes 4 days for the buy to show up. Sort of kills any fast in and out.

There was never really a good reason for it to have moved up to $500 when it did, much less all the way to $1.2k. It was just speculation and hype that pushed it up there. Sooner or later that was going to end and the price was going to fall. Doesn't mean the end of Btc but rather a more sensible level.

Uhmmmm - it's value at any level is based solely on speciation and hype.

Btc-e is great i would never use anything US based.

:2 cents:

It's a Russian exchange, right?

Yes :thumbsup

Maybe a correction due to China announcing they stepping up against bitcoin.

http://money.cnn.com/2013/12/18/tech...source=cnn_bin

So happy i didn't buy at 1k:thumbsup

This is why it cannot be used as a purchasing tool. As a speculative investment, yes. To buy goods and services no.

he's a shithead that lives in a van, he's not gonna understand.

1 btc = $570.76999 usd

so happy I did'nt buy PIRIOD :upsidedow

I see it as a prime opportunity to buy more...

It's gonna go up again eventually so yeah, it's chance to buy it :) But I'd go for LTC. Low price right now cos it's connected to BTC... but once they start buying it for USD it will go up loads :)

So what.....the bubble has burst, anyone surprised?:

You should be able to think for 10 seconds and realize why it's dropping, it will go up after xmas and only climb and I expect it'll climb fast and high.

It's becoming very interesting :)

Why? Are the Chinese going to reverse action, and allow BTC China to accept deposits again? Because that action is why Bitcoins plunged.

http://www.nytimes.com/2013/12/19/bu...echnology&_r=0

1 btc = $541.00000 usd

I've said this several times but it bears repeating.

1 bitcoin will only ever be worth 1 bitcoin.

Anyone can start a cryptocurrency and many people have, however it's usefulness will only be proven once it is simple for Joe Average to use it and most people on the planet have no idea what it is and have never heard of it, much less how to use it.

Ask 10 randoms on the street if they know what Bitcoin is, I bet you'll average one in ten.

Bloomberg surveyed a bunch of Americans and discovered that 42% could correctly identify what bitcoin is.

1 dollar will only ever be worth 1 dollar.

Wait a minute. . .almost one-third of Americans don't know who's the current Vice President, but 42% know what a Bitcoin is?

http://gawker.com/5783852/nearly-one...e-president-is

I watched the Bloomberg video - but I'm highly suspect about the findings - although I do believe the people who thought Bitcoins were an iPhone app or xBox game.

I think there is money to be made here, its all about timing

why would you be suspect about bloomberg poll but not newsweek?

i'm highly suspect of newsweek findings.

Got a link to that? I don't know anyone outside of GFY that knows anything about Bitcoin.

Well just like every currency in the world, a bitcoin's worth is going to be judged by that of the US dollar. A single bitcoin maybe worth several hundred US dollars but it's worth is not valued on 1 bitcoin being worth 1 bitcoin. It's worth what you can exchange it for in US dollars or even other world currencies.

A bit coin has no value if it can't be used or exchanged for something else, but even if it could be used anywhere, it would still be tied to the value of the US dollar, for as long as the dollar is the almighty.

in fact, that newsweek poll was not a randomized poll at all, it was a webpage for anyone to answer at the daily beast

http://www.newsweek.com/take-quiz-wh...ont-know-66047

bloomberg bitcoin poll

The telephone survey of 1,004 Americans has a margin of error of plus or minus 3.1 percentage points and was conducted by Des Moines, Iowa-based Selzer & Co.