Bitcoin Crashes – Plunges From 49 To 34 In One Day

bitcoin_crash

Some people are saying “I knew this was going to happen” right now, others are still trying to figure out what the heck is going on. As we speak Bitcoin is crashing. It has dropped from 49 earlier today to 34, and it’s still going.

A few people predicted the crash yesterday on Twitter, less than 24-hours in advance.

I don’t think Bitcoin is going anywhere but I’m not surprised this happened, and I wouldn’t be surprised if it continued to go down. We are still in the very early days of digital currency, but we’ll look back on days like today ten years from now and remember moments like this.

{ 4 comments… add one }

  • Lubo March 7, 2013, 7:18 am

    NO CRASH… the price is back to 45 in just a couple of hours. Somebody just sold 100 000 BTC… about 4 000 000 USD I guess…

  • nux March 7, 2013, 7:26 am

    It’s worth noting that it quickly recovered, and is hovering at $44.80 right now.

  • James Tuplin March 7, 2013, 10:29 am

    I bought one at $27 2 weeks back so there’s no denying the investment potential if you buy at the right time. I can only envy those early adopters at $10 a coin.

  • Bako.com March 7, 2013, 6:22 pm

    I just read an article where someone paid 10000 bitcoins for two large pizzas in 2009 :p I never heard of bitcoins but it seams like some type of online gambling. People might just keep building then up until the last guys who pays a $100 for a bitcoin are just left holding fake money that everyone stops wanting hahahaha

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