LogFAQs


Current Events > Bitcoin loses over a fifth of its value in less than 24 hours

Topic List
Page List: 1
darkphoenix181
11/30/17 11:16:35 AM
#1:


https://www.reuters.com/article/us-global-markets-bitcoin/bitcoin-loses-over-a-fifth-of-its-value-in-less-than-24-hours-idUSKBN1DU1Z3

LONDON (Reuters) - Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. BTC=BTSP.

he cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours. It then edged back up to trade at around $9,400 in the hour that followed, still down roughly 4 percent on the day. (Graphic: Bitcoin searches exceeds that of Trump - reut.rs/2zSavA6)

One market-watcher attributed the fall to outages in bitcoin exchanges and the heavy price surge of recent times.

Naturally a few of the early bitcoin traders are taking some profits off the table, said Charles Hayter, founder of CryptoCompare.com.

Volatility is in the market at the moment and that means both positive and negative moves.

The latest fall has tempered an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1,100 percent year-to-date on Wednesday. As of 1500 GMT on Thursday, it was still up around 880 percent.

In the past week, Google searches for bitcoin exceeded searches for Trump for the first time, data from Google showed, even though U.S. President Donald Trump has been prominently in the news this week.


atm it is at $9,400
---
sigless user is me or am I?
... Copied to Clipboard!
Balrog0
11/30/17 11:17:04 AM
#2:


I thought it was only down like 16%
---
He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
... Copied to Clipboard!
Blue_Inigo
11/30/17 11:17:08 AM
#3:


KDKwHML
---
"This is your last dance."
... Copied to Clipboard!
Turbam
11/30/17 11:17:42 AM
#4:


Everyone panic and sell sell sell!!!
---
~snip (V)_(;,;)_(V) snip~
I'm just one man! Whoa! Well, I'm a one man band! http://i.imgur.com/p9Xvjvs.gif
... Copied to Clipboard!
ColdRainAndSnow
11/30/17 11:18:08 AM
#5:


People dont understand corrections in the market, even $9000 is higher than it was a week and half ago
---
http://i.imgur.com/yti3O4e.gif
... Copied to Clipboard!
Antifar
11/30/17 11:18:28 AM
#6:


Make of this what you will: oRyK2Do
---
kin to all that throbs
... Copied to Clipboard!
DevsBro
11/30/17 11:18:45 AM
#7:


Time to bu--

slid to as low as $9,000


Kermitthefrogthinking.jpg
---
http://backloggery.com/devsbro/sig.gif http://i.imgur.com/kU5vu5N.png
Never pepper popcorn
... Copied to Clipboard!
yoshirulezz1
11/30/17 11:19:41 AM
#8:


It still high af
---
.
... Copied to Clipboard!
Drasilor
11/30/17 11:19:56 AM
#9:


And how much is it up this year?
---
#mypresidentistrump
... Copied to Clipboard!
CableZL
11/30/17 11:20:26 AM
#10:


... Copied to Clipboard!
Slaya4
11/30/17 11:20:48 AM
#11:


It needed to. Was growing waaay too fast.
---
Am I going too hard?
... Copied to Clipboard!
HiddenRoar
11/30/17 5:25:10 PM
#12:


darkphoenix181 posted...

One market-watcher attributed the fall to outages in bitcoin exchanges and the heavy price surge of recent times.

Naturally a few of the early bitcoin traders are taking some profits off the table, said Charles Hayter, founder of CryptoCompare.com.

Volatility is in the market at the moment and that means both positive and negative moves.

The latest fall has tempered an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1,100 percent year-to-date on Wednesday. As of 1500 GMT on Thursday, it was still up around 880 percent.


It's not because the IRS demanding Coinbase, one of the more prominent exchanges, hand over tax info of 10k people?
... Copied to Clipboard!
UnholyMudcrab
11/30/17 5:26:11 PM
#13:


... Copied to Clipboard!
Topic List
Page List: 1