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Keyword: bitcoincrash

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  • Bitcoin Price Crash Towards Zero? The Ponzi Scheme Bubble Plays Out as Designed

    12/07/2013 11:23:34 AM PST · by Errant · 122 replies
    Market Oracle, UK ^ | 7 December, 2013 | Nadeem Walayat
    The Bitcoin price last traded at USD 790 (this morning) which represents a 37% price crash against its trading high of 1242, vaporising the wild dreams of just a few days ago where some reported that the virtual money could be destined to go as high as 1 million! Whilst never realising the difference between what is virtual and what is real, instead in large part bitcoin pumper's remain in denial as many have been seduced by the golden coin image to imagine that bitcoins and gold are the same or similar when the reality is the exact opposite. Bitcoins...
  • Bitcoin Mania Bubble Bursts, China Triggers Price Crash Start, ...

    12/05/2013 8:17:24 AM PST · by Errant · 66 replies
    Market Oracle, UK ^ | 5 December, 2013 | Nadeem Walayat
    The bitcoin bubble appears to have burst as a stepped series of price crashes are underway with the price currently standing at 1074 down form 1240 barely a day earlier. A clue to its future direction can be discerned from the unfolding technical price patterns, that just as I wrote wrote in the run up to the peak of the Bitcoin bubble with the price converging on USD 1250 that the market was primed to crash and all it was waiting for was any even marginally negative news to act as trigger for increasing waves of market panics as GREED...