Bitcoin Forum

Economy => Speculation => Topic started by: Xian01 on February 13, 2013, 11:47:52 PM



Title: Explanation for BTC price drop ?
Post by: Xian01 on February 13, 2013, 11:47:52 PM
Blah blah blah.

INB4 "The sky is falling"


Title: Re: Explanation for BTC price drop ?
Post by: mb300sd on February 13, 2013, 11:49:04 PM
Someones taking a dump


Title: Re: Explanation for BTC price drop ?
Post by: bitarrow on February 13, 2013, 11:49:33 PM
dont know but Ive been waiting for a buying opportunity to happen


Title: Re: Explanation for BTC price drop ?
Post by: humanitee on February 13, 2013, 11:50:01 PM
Everyone has a price, everyone has bills to pay (in fiat (for now)).


Title: Re: Explanation for BTC price drop ?
Post by: zoinky on February 13, 2013, 11:51:31 PM
The USD is just getting stronger  ;D


Title: Re: Explanation for BTC price drop ?
Post by: Nemesis on February 13, 2013, 11:51:42 PM
Its best to buy now.

After another spike then its a real dump


Title: Re: Explanation for BTC price drop ?
Post by: notig on February 14, 2013, 12:17:39 AM
dropping like crazy


Title: Re: Explanation for BTC price drop ?
Post by: Cluster2k on February 14, 2013, 12:22:50 AM
Everyone has a price, everyone has bills to pay (in fiat (for now)).

Once governments agree to collect taxes in bitcoin then I can see the need for fiat dying.

The stellar drop from $26 to $23 (and still going) is quite something to watch.  We've had a fantastic rise from mid teens to mid twenties in just a few weeks.  A normal healthy correction to $20 or so is nothing to worry about.


Title: Re: Explanation for BTC price drop ?
Post by: vdragon on February 14, 2013, 12:25:34 AM
Well I have been watching the amounts sold last few hours. Someone will have a lot of money. Don't worry, he will be finished soon, even he has more he will wait for price to bounce back.


Title: Re: Explanation for BTC price drop ?
Post by: flaab on February 14, 2013, 12:30:14 AM
Someone just hit the bid for 15k bitcoins!!


Title: Re: Explanation for BTC price drop ?
Post by: bitarrow on February 14, 2013, 12:33:56 AM
$20 is in sight


Title: Re: Explanation for BTC price drop ?
Post by: Spaceman_Spiff on February 14, 2013, 12:34:52 AM
Reason?  Price went up 100% in a month, people like to take some profits...


Title: Re: Explanation for BTC price drop ?
Post by: dmcurser on February 14, 2013, 12:35:53 AM
wtf is mt gox broken or what ive had a oreder pending for 23.06 for id last 10 mins and it hasnt gone thur wtf


Title: Re: Explanation for BTC price drop ?
Post by: notig on February 14, 2013, 12:35:57 AM
what's the volume today compared to other days?


Title: Re: Explanation for BTC price drop ?
Post by: payb.tc on February 14, 2013, 12:39:06 AM
yes! burn baby burn! muahahahaha


Title: Re: Explanation for BTC price drop ?
Post by: TTBit on February 14, 2013, 12:39:45 AM
High was $21.33 *one week ago*. Still +10% since then.


Title: Re: Explanation for BTC price drop ?
Post by: bitarrow on February 14, 2013, 12:44:30 AM
High was $21.33 *one week ago*. Still +10% since then.
not for long


Title: Re: Explanation for BTC price drop ?
Post by: flaab on February 14, 2013, 12:44:39 AM
It is 22.30 already: volume must be something near the 20k or 25k bitcoins.
A very strong hand just cashed out.


Title: Re: Explanation for BTC price drop ?
Post by: Nemesis on February 14, 2013, 12:49:33 AM
mtgox is so laggy lol. my order pending there



Title: Re: Explanation for BTC price drop ?
Post by: payb.tc on February 14, 2013, 12:50:23 AM
It is 22.30 already: volume must be something near the 20k or 25k bitcoins.
A very strong hand just cashed out.

wouldn't that be the definition of a weak hand?


Title: Re: Explanation for BTC price drop ?
Post by: flaab on February 14, 2013, 12:57:31 AM
It is 22.30 already: volume must be something near the 20k or 25k bitcoins.
A very strong hand just cashed out.
wouldn't that be the definition of a weak hand?
Oh, right! Yes. My bad. Anyway the guy was loaded with btcs!


Title: Re: Explanation for BTC price drop ?
Post by: BIGMERVE on February 14, 2013, 01:01:47 AM
It is stopping about now :)

Maybe


Title: Re: Explanation for BTC price drop ?
Post by: fcmatt on February 14, 2013, 01:03:49 AM

i cannot even get reliable data right now to determine what is going on...


Title: Re: Explanation for BTC price drop ?
Post by: Nemesis on February 14, 2013, 01:07:09 AM

i cannot even get reliable data right now to determine what is going on...
mtgox server is terrible eh? You would have thought they could handle such volume by now


Title: Re: Explanation for BTC price drop ?
Post by: humanitee on February 14, 2013, 01:09:20 AM

i cannot even get reliable data right now to determine what is going on...
mtgox server is terrible eh? You would have thought they could handle such volume by now


I'm always amazed they hold so much of the market. They really are a terrible exchange for this very reason. It's hard for the market to price correctly when you have to wait 10 minutes for an order to go through or for something to load.


Title: Re: Explanation for BTC price drop ?
Post by: vdragon on February 14, 2013, 01:14:08 AM

 Am I good or what :D


Title: Re: Explanation for BTC price drop ?
Post by: cypherdoc on February 14, 2013, 01:47:09 AM
https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcTK5Z1BbswWi-boIgTeB2Zohxw9fweSNj7ZHM-TK2t94t5nKUZC


Title: Re: Explanation for BTC price drop ?
Post by: notme on February 14, 2013, 06:13:37 AM

i cannot even get reliable data right now to determine what is going on...
mtgox server is terrible eh? You would have thought they could handle such volume by now


mtgox is terrible... they clearly don't give a fuck and I've been much happier since I quit using them.


Title: Re: Explanation for BTC price drop ?
Post by: vdragon on February 14, 2013, 03:09:24 PM
@notme - which one are you using now? I tried bitstamp, but not really happy


Title: Re: Explanation for BTC price drop ?
Post by: notme on February 15, 2013, 04:54:10 AM
@notme - which one are you using now? I tried bitstamp, but not really happy

I'm pretty happy with bitfloor.