Bitcoin Forum

So I noticed we dropped to $330 this morning when I woke up. I wasn't expecting for the price to go up but definitely I'm not hoping it would go any lower but to my surprise I didn't noticed that it was about to fall.

So are we falling back again? What's causing this?

The CEO of Blockchain is telling anyone who'll listen that we're going back to $250.

Why: because the run-up was almost certainly due to Mavrodi's MMM Global Republic of Bitcoin pyramid scheme.

I guess.

Good joke with Mavroni,people always are looking for seme explanation.There is no demand for now,it could be also speculative movedown,becouse btc auction finished.Maybe USA authorities  were pumping to get better price from auction

Btc is still like altcoin,pumped and dumped

Going back to 300 today.  Reason: more sellers than buyers

My guess would be 250~270USD.
This year bitcoins have stabilised more or less, so I guess the price would at here.

We close now to $300, i hope bitcoin no going under $300. No reason and i cant explain how bitcoin price fall like this

Reason is more sellers than buyers.  Why would anyone want to buy when Bitcoin crashing hard??

I hope it will go back to 250ish and stay there for a bit. I need to rebuy and my paycheck should arrive in about a week or so.

I guess the Chinese are not so desperate for bitcoins after all.  Every time bitcoin rockets upwards in value we have a chorus of 'It's the Chinese!' and 'they need bitcoin to smuggle millions of dollars abroad'.  Why would Chinese desperately need bitcoins a few days ago and suddenly not need them any more?

Let's face it, we all pile onto a bubble and buy, then flee and dump when it blows.  This is no different.

Sad but true... I think it would make Satoshi a little sad....

"dropped"...

it should be said that hit back to $300, we never stand on mountains stably

Sadly still the price falling down. Update price is $324.
Still searching for the answer why bitcoin price going down like a meteor.
What happens to our predict that the price will be rise to $1200?

1. Yes
2. There is no answer to this question. There was no reason for a jump to $500, there will be no reason for the fall below $200. Reasonless trading @ it's best :P

The price fell to $300 a few moments ago. It could go below $300 for some time. The reason could be the collapse of MMM Ponzi scheme or other negative events.

Sooner or later it will, just not right now :). This spike last week was nice and profitable enough, I'm looking forward for the next one :).
Maybe this upsurge was partly or entirely unrelated to the latest Chinese capital control rules, and there's a lot less buy pressure then we are expected.

Unlikely to drop below 300. The point of these dumps is to establish a floor, and it looks like 300 is it. If we stay above that another pump is inevitable, and it will go higher.

Yeah i think this is one of the reason why bitcoin price dropped and its damaging image of bitcoin.

few hours ago the bitcoin price around $307-$310 but the current price now $320 i think this is a good news
and probably until tomorrow the price look stable above $300

We are falling back to 300 because people who want to buy want to do it at lower prices, and people who want to sell want to do it fast. If you want to buy and prices are going down you will wait for a better price. Normaly when prices are going down you want to sell fast. Normal people loose money, and traders earns a lot.

Why buy now? Because it is always best to buy when others are selling maybe? Much more potential gains due to cheap coins to pick up.

Also the strategy of worlds greatest investors. Don't be part of the herd, be in front of the herd.

The speculators ran out.

There was no real SOLID news or reason backing the sudden price increase, sanity is now returning and we probably will see $250 again before the end of the year, as I've been predicting for a while now.

 I don't think we'll see $230 again though, pretty sure the price will settle in a LITTLE higher.


 $10 price variations are small, not worthy of consideration. Pretty much the "noise level" on the price.


 Only morons were predicting $1200 on this spike.

It was most likely a hot air pump that caused the price to go to $500. Now everything has cooled down, people start to realize the same and start selling before it goes down further. This just makes me more believe in the theory that it has something to do with the FBI auctioned the last SilkRoad coins. After the auction was over, it started to fall HARD. Just look now, it touched $300 and no one is willing to support these prices. That says enough.

The press give good news 1 week...yea....advertising eyeballs to their concerns etc

The next week ..the press needs more news...so bad news about bitcoin....and  yea....advertising eyeballs to their concerns etc

the circle of Pos/fud continues :)

i would say less buyers than sellers, which are always the same 2-3 manipulators with big stash

right now it's all in the hand of the demand, great demand = great price, lower demand = lower price

Less than $300? Yes might be possible. That would be really sad but try to take advantage of it if you are a real believer in Bitcoin and try to accumulate more.At least this is what I will do and always have done when the price decreased. Try to leave the feelings out, not feeling depressed by actual situation, and think long term if you have caught the bigger picture of what Bitcoin can grow to.

It's all part of the cycle, btc was down for almost the whole year, so it's bound to go up sometime. Now it's up, it's bound to go down. History will continue to repeat itself unless huge events, like big news entitling appreciation (like the Economist cover) or the halving next year, affect the cycle.

And hey, if ever we're already at the floor during this downtrend ($320ish), it's a good thing. This level would be the baseline for the coming weeks.

I am afraid but it seems that we will. Why? Who the heck knows! I am quite disappointed though. Also if we break $300, I don't see why we wouldn't go as low as $250 again to our old levels. Like that, we will be again at the square one!

Quite frustrating I have to admit!

Two or three weeks ago someone predicting $500 in two or three weeks would have been considered a moron too.

If you are living paycheck to paycheck, my advice is not to buy bitcorns.

My advice is to buy as much as you can afford without having to sell it in the foreseeable future, as it is your best bet of getting out of the paycheck lifestyle.

This is where the wall will be. That is my prediction anyways so my hoping is with your too.
Not so many will sell if it holds there. I will definitely buy at that price. Here is hoping it will reach that today.
I am with OP on this one, doubt it will fall below that.

It was obvious that this is going to happen eventually because that pump and rise on the price had no apparent reason even if some people say there is ...
so the price now is 314$ according to preev.com , hopefully we don't go under 300$ because that won't be so nice .

Just in case you didn't noticed. That rise till 500usd, was a pump.
And after a pump......

Yes I do believe that the price will not go under $300 levels in very near future. Because the cost of bitcoin mining itself around $300. So we can expect bitcoin prices may sustain around this $300 levels itself.

so many people had high hopes from this pump, even prices as +$1000 were constantly mentioned. it didn't last unfortunatly. but we'll definitely see another pump in the next months as the block halving is comming closer and closer.

We will not fall under 300 as the recent mini pump only started around 350 and above. Before that we had a slow and stable price increase. I'd say anyone wanting to buy cheap bitcoins (under 500 USD) has another 6 weeks to do that. We will see another real bubble at the end of next year, but I expect a rise to 900-1100 USD by August. 3k by end of december 2016, back to 1.5k january 2017.

 And they'd still be semi-morons, since the peak was a good bit below that point.

 There was NO REAL NEWS, no way Bitcoin was going to exceed it's previous peak.

 The halfing pump won't be 'till probably at least April, more likely May-June timeframe next year.
 THAT one will have a solid reason behind it, and I expect pricing to stay a good bit higher after the pump speculators die out.

 Will it get back below $300? I'd say "definitely, probably by end of month".
 Will it get back under $250? I'd say "probably, but not certain as so many folks bought it and probably plan to hold for the NEXT spike to sell".
 Will it get back under $230? I'd say "probably not, unless some major anti-Bitcoin news shows up".

Current times are good for trying to get your coin count up. We don't have that much time left before people will go crazy in order to get themself a few coins. Buy while you still can at a good rate.

It can happen to see price under 300$ but that will be for short period.I think we will see new floor between 320-340$ for a while exact the way it was between 220-240$ for some period.No worries because there need to be correction for some solid floor on long term basis.