BTC plummeted $100

in bitcoin •  8 years ago  (edited)

Anyone know what the boop just happened? XD

BTC dropped $100 in like an hour, from $1200 to $1100, across multiple sources - preev, coinbase, coindesk.

It's back up now by about $20-$50. But I have no idea what happened yet. Anyone know?

Historical Link:

http://www.coindesk.com/price/#2017-02-23,2017-02-24,close,bpi|bitstamp|bitfinex|coinbase|itbit|okcoin,USD

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When the street starts buying, pros start selling... There is too much hype and too many articles on Bitcoin now. Additionally volatility and market depth must be tested before real money will flow in.

Just my luck. XD I heard about it in v 0.3 but I was pretty much broke until recently. Ohwell, I'll pick it up during the dips and hope I get lucky. It's a long term investment for me anyway. Aside from whatever amount that I am using as actual currency.

Then you are safe. Prepare for quite some volatility soon.

Looking at the historical link (posted above) I think it was the magic $1200 price point.
BTC hit $1200 and then a lot of sell orders got fulfilled.