Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)

[Madvillain]

The price of the crypto-currency tumbled nearly 21 percent on Friday to $877.46 and has fallen more than 29 percent since closing at a record high of $1,237.96 on Wednesday, according to Bitcoin data tracker BitcoinCharts.com. (Story continues after chart, courtesy of bitcoin.clarkmoody.com.)

Much of Bitcoin's meteoric rise in the past few months has been due to speculative trading in China, the Wall Street Journal pointed out earlier this week (subscription only).

China's central bank shot a gigantic hole in that trade on Friday by telling Chinese banks they couldn't use the untraceable digital currency, calling it "not a currency in the real meaning of the word."

This is a developing story. Check back for updates.

http://www.huffingtonpost.com/2013/12/06/bitcoin-crashes_n_4400392.html

 

[heisenburrr]

hopefully it tumbles down some more so I can buy !

 

[88m3]

each bit coin will be worth millions someday

 

[ill]

If it breaks that 750 line all hell breaks loose.

 

[88m3]

If it breaks that 750 line all hell breaks loose.

I want it to hit 250

 

[ill]

I want it to hit 250

I want it to hit $2.50

 

[88m3]

I want it to hit $2.50

Can the currency/commodity BitCoin be worth negative? @Domingo Halliburton

 

[Domingo Halliburton]

Can the currency/commodity BitCoin be worth negative? @Domingo Halliburton

I wish they would make an etf that tracks bitcoin.

so I can short bitcoin

 

[88m3]

I wish they would make an etf that tracks bitcoin.

so I can short bitcoin

The two most funny stories I read about bitcoin this week are The University of Cyprus now accepts bitcoins and two the news out of China re: bitcoins(advises banks it's not an actual currency, and fake bitcoins being sold).

 

[ill]

The two most funny stories I read about bitcoin this week are The University of Cyprus now accepts bitcoins and two the news out of China re: bitcoins(advises banks it's not an actual currency, and fake bitcoins being sold).

Some guy bought a Tesla with his Bitcoins http://money.cnn.com/2013/12/06/autos/tesla-bitcoin/

 

[heisenburrr]

here we goooo, shyt is crashing

 

[Dooby]

If it breaks that 750 line all hell breaks loose.

What did you mean when you said this? Because its 745 right now

 

[Ed MOTHERFUCKING G]

I just passed a yellow lotus with a BITCOIN license plate here downtown Seattle...

 

[heisenburrr]

went as low as 650. now back up to around 825

but it's literally moving by dozens of dollars every second, crazy volatile right now

 

[heisenburrr]

and as I'm typing this, goes back down to 750