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Title: Bitcoin have lost more than $100 in a day... Post by: spartak_t on June 21, 2016, 01:58:10 PM The price on BTC-e is $614 as we speak. Any reason for this?
Title: Re: Bitcoin have lost more than $100 in a day... Post by: tokeweed on June 21, 2016, 02:03:10 PM No real reason except that Bitfinex coincidentally went offline earlier today during the price drop. Hopefully everything is ok. But some members of the forum are skeptical.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Bitcoin Brazil on June 21, 2016, 02:06:31 PM I also think that the price drop has to do with the upcoming britain leaving europe possibility.
Anyways, the price drop is okay, might go back to 580, and nxt week will be around 700 again... when halving comes my guess is it will have reached 850 peace Title: Re: Bitcoin have lost more than $100 in a day... Post by: Bit_Happy on June 21, 2016, 02:11:43 PM The price on BTC-e is $614 as we speak. Any reason for this? "Greedy" people suddenly getting scared. These markets are completely insane sometimes. In the "good old days" we had bounces from $26, 28, ~$32 down to $10, back up to ~$30, down to $14, up to $25, and later down to $1.9992, or very similar. Good times for brave traders.... Title: Re: Bitcoin have lost more than $100 in a day... Post by: RodeoX on June 21, 2016, 02:13:09 PM Looks normal to me. Speculators drive up the price then sell off when they fear a dip. No mystery here.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: avikz on June 21, 2016, 02:21:10 PM The price is decreasing because of the huge sell order received in various forms. In exchanges and offline also.
Chinese people just used bitcoin to send money outside the country and some traders have ridden the tide to make big profit out of it. Now they are squaring off their position and the price is dropping. It is quite normal for any exchange traded currency. Title: Re: Bitcoin have lost more than $100 in a day... Post by: X-ray on June 21, 2016, 02:25:18 PM The price on BTC-e is $614 as we speak. Any reason for this? Have a lot of reason for this because many people get a panic from The DAO cases it gives a big effect for this, and few times before the halving time I think it's became one of a factor and another reason.Title: Re: Bitcoin have lost more than $100 in a day... Post by: GreenBits on June 21, 2016, 02:27:56 PM Looks normal to me. Speculators drive up the price then sell off when they fear a dip. No mystery here. Yezzir, it always seems to recede a little when we make some solid progress. I think we still have some more upward progress to achieve, but the uneducated fear selling in this market is the only reason why btc is so volatile ATM. I also think the DAO has shaken general trust in cryptos. Most people aren't savvy, they just lump all coins and related techs into a single basket. Title: Re: Bitcoin have lost more than $100 in a day... Post by: BTCBinary on June 21, 2016, 02:31:50 PM I think that the price is in a reverse but it will bounce back up. I guess we will still see the price going up and passing the $1000 mark before the halving.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: spartak_t on June 21, 2016, 02:35:17 PM Looks like price decline has stopped.
Looks normal to me. Speculators drive up the price then sell off when they fear a dip. No mystery here. Probably. Imho, the recent rise in price was not normal so... I also think the DAO has shaken general trust in cryptos. Most people aren't savvy, they just lump all coins and related techs into a single basket. Tell me about it.... I somehow tried to warn people (https://bitcointalk.org/index.php?topic=1504662.msg15148011#msg15148011), but..... Title: Re: Bitcoin have lost more than $100 in a day... Post by: yayayo on June 21, 2016, 02:36:23 PM I didn't loose a single Bitcent. All are still sitting nicely in my wallet.
Some trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case. I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat. ya.ya.yo! Title: Re: Bitcoin have lost more than $100 in a day... Post by: The Sceptical Chymist on June 21, 2016, 02:37:04 PM More sellers than buyers, that's usually what accounts for this. Bitcoin is volatile, but we all knew that. I'm holding and I'm not going to sell.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Btcvilla on June 21, 2016, 02:40:30 PM Now is the best time to buy. If only I had some money to buy with.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Efficiency V on June 21, 2016, 02:42:45 PM Now is the best time to buy. If only I had some money to buy with. I agree, for whatever reason it dropped, now is a good price to buy at. I think we will see it go back up to at least mid 700s or higher in a reasonable amount of time. Just some nervous selling going on currently. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Karartma1 on June 21, 2016, 02:52:14 PM Come on guys, finex blackout led the crash. Finex is a leading BTC exchange and if it collapses, well, bitcoin is affected.
Now it seems up and running again but let's see what happens since some panic has started Title: Re: Bitcoin have lost more than $100 in a day... Post by: spartak_t on June 21, 2016, 02:56:40 PM Everything is back to normal, but the price difference on BTC-e is still $25 from the average one....
Title: Re: Bitcoin have lost more than $100 in a day... Post by: alyssa85 on June 21, 2016, 02:58:10 PM It went up too fast, and all those people who bought at $700+ two years ago sent their coins to the exchanges and sold. It was bound to happen. It is only when all the 2014 lot have finally sold will the market have cleared properly and be ready for a genuine push up.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Daneric on June 21, 2016, 03:01:15 PM For experienced traders, this change in the bitcoin price is very normal, but for those who do not have any clue on market dynamics, it seems to be horror to them. There is no rule that says the price has to go up only. It might be bullish but there might be lows and highs as the price progresses. The change is that a normal market dynamic that happens with other trading currencies and commodities. You can expect it to down further and start going up again.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: owm123 on June 21, 2016, 03:08:56 PM Chinese people just used bitcoin to send money outside the country and some traders have ridden the tide to make big profit out of it. Exactly. They buy btc just as a way of getting money out of china. Now probably selling out to fiat, once they transfer what they wanted. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Mr.grin on June 21, 2016, 03:10:27 PM I guess this is the effect of halving, people might panic because when bitcoin prices fell below $ 50, many people will sell their bitcoin. but I am pretty sure the price of bitcoin is still going to grow back
Title: Re: Bitcoin have lost more than $100 in a day... Post by: isen on June 21, 2016, 03:13:22 PM The price on BTC-e is $614 as we speak. Any reason for this? There are two reasons for this drop1) Bitfinex was offline 2) $19 Million in Bitcoin were sold in Australia Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic. Title: Re: Bitcoin have lost more than $100 in a day... Post by: JessicaSe on June 21, 2016, 03:15:06 PM The price on BTC-e is $614 as we speak. Any reason for this? There are two reasons for this drop1) Bitfinex was offline 2) $19 Million in Bitcoin were sold in Australia Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic. Yeah better to have patience and wait till the halving, as price will again start moving up when halving comes near, so hold your coins till then and sell when you see higher price. Title: Re: Bitcoin have lost more than $100 in a day... Post by: hasiramasenju on June 21, 2016, 03:26:34 PM this is exactly what ii'm afraid because prices rise up with pretty fast several days ago and possible too if the prices will down very fast too but i'm still holding my bitcoin and waiting for the exact moment and i wish my decision will not be wrong
Title: Re: Bitcoin have lost more than $100 in a day... Post by: hatshepsut93 on June 21, 2016, 03:42:27 PM I didn't loose a single Bitcent. All are still sitting nicely in my wallet. Some trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case. I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat. ya.ya.yo! bitcoin will be valued in fiat until you will be able to buy all your everyday stuff with bitcoin (spoiler: governments would never allow it) Title: Re: Bitcoin have lost more than $100 in a day... Post by: talks_cheep on June 21, 2016, 04:22:01 PM I didn't loose a single Bitcent. All are still sitting nicely in my wallet. Some trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case. I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat. ya.ya.yo! bitcoin will be valued in fiat until you will be able to buy all your everyday stuff with bitcoin (spoiler: governments would never allow it) He was just trying to be cute, that's all, and to show his misplaced confidence in bitcoin. Just as I had feared, btc's going back to its darkside. The Chinese pumpers have run out of newer fools with cash. It's all down hill from here, good news is it's not going to be a 2-year slog like it did before from 1200 to 200 in 2014-2015. We will only slide from 800 to 200, a few months at most. Best to buy'em on the dips, they say. Title: Re: Bitcoin have lost more than $100 in a day... Post by: pedrog on June 21, 2016, 05:25:44 PM The price on BTC-e is $614 as we speak. Any reason for this? It's tuesday... Title: Re: Bitcoin have lost more than $100 in a day... Post by: crairezx20 on June 21, 2016, 05:32:16 PM Maybe many people are selling their bitcoin in the market or the other are converting again back into ethereum. the price of ethereum is increase again back..
Don't to sell and i think the price will increase again.. Title: Re: Bitcoin have lost more than $100 in a day... Post by: CryptoBjorn on June 21, 2016, 06:11:15 PM The price on BTC-e is $614 as we speak. Any reason for this? There are two reasons for this drop1) Bitfinex was offline 2) $19 Million in Bitcoin were sold in Australia Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic. The day after tomorrow is Brexit, some Currency guru's said that Brexit will happen so maybe the die hard investors want to quickly short the GBP so they can make some good cash on it. Else I can't explain a decrease of over 100 dollars. (665 US dollar now) Title: Re: Bitcoin have lost more than $100 in a day... Post by: AsaroUk on June 21, 2016, 07:06:21 PM The price will indeed increase again in about a few weeks, its gonna take some time before it will again.
Its just a matter of time before it will, the halving will also help us to let it increase this year. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Netpyder on June 21, 2016, 07:14:16 PM 654 i am expecting 550 before a rise to 850 then decrease back to 650 and sit there. imho
Title: Re: Bitcoin have lost more than $100 in a day... Post by: steven0021 on June 21, 2016, 07:20:44 PM The price on BTC-e is $614 as we speak. Any reason for this? There are two reasons for this drop1) Bitfinex was offline 2) $19 Million in Bitcoin were sold in Australia Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic. The day after tomorrow is Brexit, some Currency guru's said that Brexit will happen so maybe the die hard investors want to quickly short the GBP so they can make some good cash on it. Else I can't explain a decrease of over 100 dollars. (665 US dollar now) News that brexit will happen and people shorting GBP = Bitcoin price drop? Where did you get that from? If anything the price should've raised because of those news Title: Re: Bitcoin have lost more than $100 in a day... Post by: glendall on June 21, 2016, 07:48:38 PM Maybe many people are selling their bitcoin in the market or the other are converting again back into ethereum. the price of ethereum is increase again back.. Don't to sell and i think the price will increase again.. Don't think that is it, for the simple reason that it is much easier to acquire ETH by trading your BTC for it, not selling your BTC than transferring money than buying ETH with USD. Title: Re: Bitcoin have lost more than $100 in a day... Post by: gtglener on June 21, 2016, 08:06:03 PM It is only a short time drop and I sure that within a week or two we will see again a faster rise in the price of bitcoin and once again the train will start and we all will be benefited with the profit of halving.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: ~Bitcoin~ on June 21, 2016, 08:30:55 PM The price on BTC-e is $614 as we speak. Any reason for this? I don't see any reason for this panic dump, people may have thought bitfinex will have same issue like cryptsy or mtgox and start dumping whatever coin they have. This price could be good point to buy back as we may see 100$ pump tomorrow again to go over 800$. ;)Title: Re: Bitcoin have lost more than $100 in a day... Post by: chaosknight on June 21, 2016, 08:40:46 PM The price on BTC-e is $614 as we speak. Any reason for this? I don't see any reason for this panic dump, people may have thought bitfinex will have same issue like cryptsy or mtgox and start dumping whatever coin they have. This price could be good point to buy back as we may see 100$ pump tomorrow again to go over 800$. ;)Yes and I am eagerly waiting to see the price of $800 so I can sell some coins and collect some good profits from it, but I think it will take some more time to reach there. Title: Re: Bitcoin have lost more than $100 in a day... Post by: pawel7777 on June 21, 2016, 08:44:46 PM I also think that the price drop has to do with the upcoming britain leaving europe possibility. How would that be related? I could find arguments for brexit to drive BTC price up not down. Upcoming is the referendum, which is non-binding anyway. Even if 'Leave' wins, the exit wouldn't happen any time soon. Title: Re: Bitcoin have lost more than $100 in a day... Post by: randy8777 on June 21, 2016, 08:55:23 PM The price on BTC-e is $614 as we speak. Any reason for this? I don't see any reason for this panic dump, people may have thought bitfinex will have same issue like cryptsy or mtgox and start dumping whatever coin they have. This price could be good point to buy back as we may see 100$ pump tomorrow again to go over 800$. ;)people nowadays are very sensitive when it comes to exchanges going down. they directly start thinking negative and start dumping as result. bitfinex is up and running again. i think we'll definitely get to see a good pump before the block halving. chances to see $1000 prices before the block halving have gone down, but even reaching $800 would make a lot people happy. Title: Re: Bitcoin have lost more than $100 in a day... Post by: TraderETH on June 21, 2016, 09:00:37 PM Today is trend down for bitcoin and it is not problem the price is always fluctuating. It is chance to take profit ;D
Title: Re: Bitcoin have lost more than $100 in a day... Post by: glendall on June 21, 2016, 09:34:43 PM Yup, today is a good day to buy.
I feel like a moron for not taking my own advice on Friday and buying coins way higher than I should. But not panicking yet, as I think 800 is more likely than 600 in two weeks. Enough time for gains for my shirt to re-threaded and recomposed. Title: Re: Bitcoin have lost more than $100 in a day... Post by: mrhelpful on June 21, 2016, 09:43:56 PM This is totally a buy back in day.
To anyone who missed out prior before it rises again towards $800 I say this is a good bargain. Prices can go back and I wouldnt heavily rely on btc-e to dictate the price. I would look at bitstamp and the chinese exchange more. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Raimonn on June 21, 2016, 10:20:37 PM I don't see this correction, as a big problem, before that 100$ down, bitcoin price scaled from 400$ to 750$. Now 650$ looks as an small correction, traders could take some profits, and others will buy at this level expecting more increasings.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: 1Referee on June 21, 2016, 10:33:50 PM It's a perfect day for day traders dreaming of such volatility. It is however not that nice for people who bought themselves some coins above the $700 level previously. Let's just hope this was the worst part of the correction and that it will go up from here.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: uki on June 21, 2016, 10:47:11 PM The price on BTC-e is $614 as we speak. Any reason for this? No reason. Same, as there was no reason for the recent rises. It is all speculative pumping and dumping. NO real reasons or explanation of such price action. Title: Re: Bitcoin have lost more than $100 in a day... Post by: greatr on June 21, 2016, 11:23:22 PM The price on BTC-e is $614 as we speak. Any reason for this? No reason. Same, as there was no reason for the recent rises. It is all speculative pumping and dumping. NO real reasons or explanation of such price action. i think bitcoin is definitely going to recover pretty soon and make us a lot of money with a new growth Title: Re: Bitcoin have lost more than $100 in a day... Post by: jubalix on June 21, 2016, 11:46:16 PM its actually good to have a down like this rather than quasi parabolic up for longer
Title: Re: Bitcoin have lost more than $100 in a day... Post by: yhansky on June 22, 2016, 01:42:53 AM Its a normal thing,it is very similar to what happened when bitcoin price jump from 480 to 580 in just 2 days..
Maybe bitcoin will be back on the right track on its upward trend this weekends. Title: Re: Bitcoin have lost more than $100 in a day... Post by: bitcoinhopper on June 22, 2016, 01:51:56 AM Yes the bitcoin has lost more than 100 dollar in a day but its getting back up so we do not have to worry about that in my opinion.
Its that we need to have some patient for it. Title: Re: Bitcoin have lost more than $100 in a day... Post by: RoomBot on June 22, 2016, 01:55:37 AM Yup!
Bitcoin actually depends upon "volatility." That's not a bad thing. It's like a pulse, or the ebb & flow of the tide; otherwise all you have is stagnation. The thing is, we can truly expect some more big movement as word of the BTC halving gets around.... It started even sooner than I expected. I've been buying small amounts weekly all year at $400-$500 & once at $590 ;D Like everyone else here, wishing I could afford to buy more during this dip. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Daneric on June 22, 2016, 10:33:57 AM There are high chances its heading back down from one of those levels though, most likely, but anything is possible of course and the uptrend is a strong one, so be careful (long term uptrend) sellers already stepping in and rejecting higher prices, buyers stronger tho still so far, gonna be surprised if they can take it much higher made it right through 675, looking pretty strong so far;starting to look like it may be a reversal, but still needs to get above 690 resistance area
Title: Re: Bitcoin have lost more than $100 in a day... Post by: sishendaoye on June 22, 2016, 11:18:56 AM There are high chances its heading back down from one of those levels though, most likely, but anything is possible of course and the uptrend is a strong one, so be careful (long term uptrend) sellers already stepping in and rejecting higher prices, buyers stronger tho still so far, gonna be surprised if they can take it much higher made it right through 675, looking pretty strong so far;starting to look like it may be a reversal, but still needs to get above 690 resistance area I see the downtrend has already started. Which means forget 100 dollar, it will go much lower then 100 dollar. I don't expect it to go to 350 but yes nobody knows and anything can happen. The only thing we should be careful now is to not fall into panic selling. Title: Re: Bitcoin have lost more than $100 in a day... Post by: uki on June 22, 2016, 10:30:20 PM The price on BTC-e is $614 as we speak. Any reason for this? No reason. Same, as there was no reason for the recent rises. It is all speculative pumping and dumping. NO real reasons or explanation of such price action. i think bitcoin is definitely going to recover pretty soon and make us a lot of money with a new growth Title: Re: Bitcoin have lost more than $100 in a day... Post by: RoomBot on June 23, 2016, 01:19:08 AM $590?
It's selling for $590 on Coinbase, ATM. Last time I bought at $590, it was $599 ten minutes later, then $600..$700... almost $800 within a week ... and I spent some on foodler.com @ $770. :D So I'm buying again today. :) What a ride............ Title: Re: Bitcoin have lost more than $100 in a day... Post by: btc_owner on June 23, 2016, 01:21:07 AM 570dollars... don't stop lol..
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Sir_lagsalot on June 23, 2016, 01:23:30 AM It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: btc_owner on June 23, 2016, 01:32:29 AM It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect. "Price correction" we go back to the price before the "bull", we have already lost half of what we have "win"Title: Re: Bitcoin have lost more than $100 in a day... Post by: RoomBot on June 23, 2016, 01:38:00 AM It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect. "Price correction" we go back to the price before the "bull", we have already lost half of what we have "win"Just hold thru the halving and / or sell when you like the rising price. It WILL rise, even if temporarily, around the Halving next month! Title: Re: Bitcoin have lost more than $100 in a day... Post by: Piltover on June 23, 2016, 03:20:21 AM Yes of course this can also happen, the bitcoin can go to all kind of positions these days.
I think it will rise more and more the couple months. Title: Re: Bitcoin have lost more than $100 in a day... Post by: elyas772 on June 23, 2016, 04:29:23 AM other explanation frm coindesk
"The drop below $600 indicates that many traders believe that 'Bremain' will prevail. The vote is still too close to call with various polls indicating 'Brexit' and 'Bremain' in a dead heat." Bitcoin Price Drops $100 As ‘Brexit’ Hopes Falter source : http://www.coindesk.com/bitcoin-price-drops-100-brexit-hopes-falter/ Title: Re: Bitcoin have lost more than $100 in a day... Post by: 2012 on June 23, 2016, 04:46:43 AM That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: UngratefulTony on June 23, 2016, 04:51:50 AM It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect. "Price correction" we go back to the price before the "bull", we have already lost half of what we have "win"Just hold thru the halving and / or sell when you like the rising price. It WILL rise, even if temporarily, around the Halving next month! Listen to this man. HODL THRU THE HALVING. please Title: Re: Bitcoin have lost more than $100 in a day... Post by: lumeire on June 23, 2016, 04:53:56 AM That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon. It was to be expected. The price has been this irregular for years, traders have coped up, they knew what's coming. Probably a lot of newcomer speculators are now on a panic selling spree. Title: Re: Bitcoin have lost more than $100 in a day... Post by: fearlesscat10 on June 23, 2016, 06:33:24 AM That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon. It was to be expected. The price has been this irregular for years, traders have coped up, they knew what's coming. Probably a lot of newcomer speculators are now on a panic selling spree. While others are on a panic buying spree haha! I do wonder when the price will stop dropping though. I bought at $770 and now I regret it. It's a good thing that throughout my time with bitcoin, I've learned to control my emotions when trading and just shrug those things off sometimes. But things are definitely getting interesting with this year's halving. Good luck to us all, I guess. Title: Re: Bitcoin have lost more than $100 in a day... Post by: 1Referee on June 23, 2016, 06:40:40 AM That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon. It was to be expected. The price has been this irregular for years, traders have coped up, they knew what's coming. Probably a lot of newcomer speculators are now on a panic selling spree. While others are on a panic buying spree haha! I do wonder when the price will stop dropping though. I bought at $770 and now I regret it. It's a good thing that throughout my time with bitcoin, I've learned to control my emotions when trading and just shrug those things off sometimes. But things are definitely getting interesting with this year's halving. Good luck to us all, I guess. Just keep holding your coins as that is the best thing to do. You only lose money when you sell. If you have some free to spend money left, then you can buy at these prices to get the average price of your coins down. Title: Re: Bitcoin have lost more than $100 in a day... Post by: JumperX on June 23, 2016, 07:26:06 AM That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon. It was to be expected. The price has been this irregular for years, traders have coped up, they knew what's coming. Probably a lot of newcomer speculators are now on a panic selling spree. While others are on a panic buying spree haha! I do wonder when the price will stop dropping though. I bought at $770 and now I regret it. It's a good thing that throughout my time with bitcoin, I've learned to control my emotions when trading and just shrug those things off sometimes. But things are definitely getting interesting with this year's halving. Good luck to us all, I guess. Just keep holding your coins as that is the best thing to do. You only lose money when you sell. If you have some free to spend money left, then you can buy at these prices to get the average price of your coins down. Yeah if you have spare money then you can buy some bitcoins now, as price has really gone down so, its better to buy and hold those coins for the halving. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Darwin02 on June 23, 2016, 08:28:14 AM Its better to buy this time than to sell your bitcoin it will be rise again no worry the halving is not yet starting.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Doms on June 23, 2016, 08:50:02 AM These are actually exciting times. When the price reached $800, I was thinking of buying some thinking that it could go even higher. But I eventually decided to just wait and see what the next price action will be. And now, we are at $590, and I was able to buy a few at $560. Lucky for me that I didn't buy when we were touching the sky.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: fearlesscat10 on June 23, 2016, 08:50:39 AM That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon. It was to be expected. The price has been this irregular for years, traders have coped up, they knew what's coming. Probably a lot of newcomer speculators are now on a panic selling spree. While others are on a panic buying spree haha! I do wonder when the price will stop dropping though. I bought at $770 and now I regret it. It's a good thing that throughout my time with bitcoin, I've learned to control my emotions when trading and just shrug those things off sometimes. But things are definitely getting interesting with this year's halving. Good luck to us all, I guess. Just keep holding your coins as that is the best thing to do. You only lose money when you sell. If you have some free to spend money left, then you can buy at these prices to get the average price of your coins down. Yeah if you have spare money then you can buy some bitcoins now, as price has really gone down so, its better to buy and hold those coins for the halving. Yeah, but it looks like it's stabilized around $590? It went to $570 for a while then it bounced back up to $590. Maybe that was the crash and we'll be stable / going up from here until halving. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Cyaren on June 23, 2016, 08:53:34 AM Well, some people are suggesting that it has something to do with Brexit, and it could be exactly that.
I would actually like to see the bitcoin price being stable at around $600 though. That should be a fair price since the miners are still going to make a decent profit off their machines after halving. Title: Re: Bitcoin have lost more than $100 in a day... Post by: opossum on June 23, 2016, 08:54:22 AM That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon. It was to be expected. The price has been this irregular for years, traders have coped up, they knew what's coming. Probably a lot of newcomer speculators are now on a panic selling spree. While others are on a panic buying spree haha! I do wonder when the price will stop dropping though. I bought at $770 and now I regret it. It's a good thing that throughout my time with bitcoin, I've learned to control my emotions when trading and just shrug those things off sometimes. But things are definitely getting interesting with this year's halving. Good luck to us all, I guess. Just keep holding your coins as that is the best thing to do. You only lose money when you sell. If you have some free to spend money left, then you can buy at these prices to get the average price of your coins down. Yeah if you have spare money then you can buy some bitcoins now, as price has really gone down so, its better to buy and hold those coins for the halving. Yeah, but it looks like it's stabilized around $590? It went to $570 for a while then it bounced back up to $590. Maybe that was the crash and we'll be stable / going up from here until halving. Yeah good to see price slowly moving up now, and lets hope it keeps on moving higher in coming days, as majority of people are holding their coins to see higher price at the halving. Title: Re: Bitcoin have lost more than $100 in a day... Post by: RoomBot on June 23, 2016, 10:37:57 PM These are actually exciting times. When the price reached $800, I was thinking of buying some thinking that it could go even higher. But I eventually decided to just wait and see what the next price action will be. And now, we are at $590, and I was able to buy a few at $560. Lucky for me that I didn't buy when we were touching the sky. That's riding the waves, BTC-Style! Title: Re: Bitcoin have lost more than $100 in a day... Post by: Herbert2020 on June 24, 2016, 05:26:16 AM aaaand bitcoin has gained $120 in one day starting from 23 June, i am just wondering why nobody makes any topic about the big rises and only ducks make comment about the fall :)
http://www.coindesk.com/price/#2016-06-23,2016-06-24,close,bpi,USD Title: Re: Bitcoin have lost more than $100 in a day... Post by: dothebeats on June 24, 2016, 10:43:48 AM aaaand bitcoin has gained $120 in one day starting from 23 June, i am just wondering why nobody makes any topic about the big rises and only ducks make comment about the fall :) http://www.coindesk.com/price/#2016-06-23,2016-06-24,close,bpi,USD It's just a freaking bear trap, just like what happens in the past few pumps. Nobody would let these bubble pop too early seeing that there are still many people eager to throw their cash at bitcoin hoping for some piece of profit. It was a nice opportunity to buy a few coins for those who have cash to spare, imo. Title: Re: Bitcoin have lost more than $100 in a day... Post by: a7mos on June 24, 2016, 10:56:39 AM And after few days it regain those $100. Once the painc sellers finished their excessive selling, the market returns to its original trend
Title: Re: Bitcoin have lost more than $100 in a day... Post by: randy8777 on June 24, 2016, 11:15:22 AM And after few days it regain those $100. Once the painc sellers finished their excessive selling, the market returns to its original trend they sold at the bottom, and the price directly went up like $100 again. they must feel horrible seeing the price somewhat recovered again. that's why you should never trade with emotions. it mostly ends up in something bad. Title: Re: Bitcoin have lost more than $100 in a day... Post by: thichtieuthuong on June 24, 2016, 12:22:37 PM aaaand bitcoin has gained $120 in one day starting from 23 June, i am just wondering why nobody makes any topic about the big rises and only ducks make comment about the fall :) Yeah I agree with you. Despite of that im happy to see that bitcoin is rising again. I hope it will rise more this weekend.http://www.coindesk.com/price/#2016-06-23,2016-06-24,close,bpi,USD Title: Re: Bitcoin have lost more than $100 in a day... Post by: Red-Apple on June 24, 2016, 02:09:12 PM And after few days it regain those $100. Once the painc sellers finished their excessive selling, the market returns to its original trend they sold at the bottom, and the price directly went up like $100 again. they must feel horrible seeing the price somewhat recovered again. that's why you should never trade with emotions. it mostly ends up in something bad. although this $100 rise was because of the brexit but even if that wasn't today i believe that bitcoin price would have gone up again but it might have taken a little bit longer than only one day. Title: Re: Bitcoin have lost more than $100 in a day... Post by: tokeweed on June 24, 2016, 02:54:01 PM Here's another theory. The Waves people must have something to do with it.
Quote Please don't accuse me of FUD. Can we get a clear answer from Sasha or the Waves team??? https://blockexplorer.com/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA Of the 30,000 BTC raised, they've already withdrawn 11,445 in the last few days! Where is this money going, what is it being used for? To put things in perspective, that's roughly $6.867 million USD! And they still can't get listed on Poloniex? There is something seriously up. If this was a business on the stock market, investors would be filing complaints with the SEC. I am seriously worried, the price of Waves keeps dropping more and more below the ICO. Monthly updates are not good enough. I'm afraid by the end of the month they will have withdrawn all the ICO funds! What the heck is seriously going on? Where is the money going? Why do they need $6.9 million USD for a Chrome extension??? There is no marketing or major developments. You don't need $6.9 million USD for a SMF free software-based forum. This is whole situation is getting worse everyday. Source (https://bitcointalk.org/index.php?topic=1524111.0) Could it be possible for that much BTC to cause a big fall in price if it were all dumped at BTCe? Title: Re: Bitcoin have lost more than $100 in a day... Post by: richardsNY on June 24, 2016, 03:53:56 PM And after few days it regain those $100. Once the painc sellers finished their excessive selling, the market returns to its original trend they sold at the bottom, and the price directly went up like $100 again. they must feel horrible seeing the price somewhat recovered again. that's why you should never trade with emotions. it mostly ends up in something bad. although this $100 rise was because of the brexit but even if that wasn't today i believe that bitcoin price would have gone up again but it might have taken a little bit longer than only one day. The problem with these rapid increases is that you know for sure that the price will go down again. That's why I prefer to see a slower but more stable growth. I am interested in the coming few days as I think the price will fall back to very low $600's, and maybe even below $600. Title: Re: Bitcoin have lost more than $100 in a day... Post by: safari88 on June 24, 2016, 04:12:52 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: BlackPanda on June 24, 2016, 04:53:49 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. true. This is a normal thing. bitcoin does have such characteristics. bitcoin is designed for unstable. the rise and dramatic fall in a short time is a normal thing. I have experienced many instances of so extraordinary because bitcoin always see movement up and down.Title: Re: Bitcoin have lost more than $100 in a day... Post by: yhansky on June 24, 2016, 04:54:08 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. Bitcoin increase again its price because brexit win,and made a little changes in the stock market and the result some stocks go down.Will wait until tomorrow what will be the impact of brexit ti bitcoin. Title: Re: Bitcoin have lost more than $100 in a day... Post by: LFC_Bitcoin on June 24, 2016, 06:00:36 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. The price rose fairly substantially into the high 700's, there was always going to be a dump & some profit taking. We're back in the mid 600's now, still so much higher than as recently as a few months ago. Things are looking good. Title: Re: Bitcoin have lost more than $100 in a day... Post by: naidray on June 24, 2016, 06:56:15 PM aaaand bitcoin has gained $120 in one day starting from 23 June, i am just wondering why nobody makes any topic about the big rises and only ducks make comment about the fall :) http://www.coindesk.com/price/#2016-06-23,2016-06-24,close,bpi,USD It's just a freaking bear trap, just like what happens in the past few pumps. Nobody would let these bubble pop too early seeing that there are still many people eager to throw their cash at bitcoin hoping for some piece of profit. It was a nice opportunity to buy a few coins for those who have cash to spare, imo. Title: Re: Bitcoin have lost more than $100 in a day... Post by: tusandii on June 24, 2016, 07:10:16 PM im new in btc, but don't know how i Feel BTC will going High after the Halving wich is 14 days left
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Bestwishes745 on June 24, 2016, 07:17:07 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. The price rose fairly substantially into the high 700's, there was always going to be a dump & some profit taking. We're back in the mid 600's now, still so much higher than as recently as a few months ago. Things are looking good. yeah the price is now getting its value again and we will be happy with $660 as it is more better than $380 which was four months ago, and in the coming week after 1st date, the price will start to increase more higher Title: Re: Bitcoin have lost more than $100 in a day... Post by: tusandii on June 24, 2016, 07:49:57 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. The price rose fairly substantially into the high 700's, there was always going to be a dump & some profit taking. We're back in the mid 600's now, still so much higher than as recently as a few months ago. Things are looking good. yeah the price is now getting its value again and we will be happy with $660 as it is more better than $380 which was four months ago, and in the coming week after 1st date, the price will start to increase more higher apologize if my sentence wrong , im a new ;D Title: Re: Bitcoin have lost more than $100 in a day... Post by: takingthis4 on June 24, 2016, 08:00:23 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. thats true, i believe that the price of the bitcoin is definitely not going to fall any more, the price of the bitcoins has already fell a lot, and it is now really stable to be honest i thinkim pretty sure that in a few weeks the price of the bitcoin is going to grow to a new all time high because all people are going to buy a lot of bitcoins in order to make a lot of big profit Title: Re: Bitcoin have lost more than $100 in a day... Post by: safari88 on June 24, 2016, 11:03:07 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. The price rose fairly substantially into the high 700's, there was always going to be a dump & some profit taking. We're back in the mid 600's now, still so much higher than as recently as a few months ago. Things are looking good. I think when the price has touched back to $700 it will no longer decreased until halving occurs. so I hope we can reach $800 before halving. Title: Re: Bitcoin have lost more than $100 in a day... Post by: tokeweed on June 25, 2016, 12:54:27 PM Quote https://blockexplorer.com/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA Of the 30,000 BTC raised, they've already withdrawn 11,445 in the last few days! Where is this money going, what is it being used for? To put things in perspective, that's roughly $6.867 million USD! And they still can't get listed on Poloniex? There is something seriously up. If this was a business on the stock market, investors would be filing complaints with the SEC. I am seriously worried, the price of Waves keeps dropping more and more below the ICO. Monthly updates are not good enough. I'm afraid by the end of the month they will have withdrawn all the ICO funds! What the heck is seriously going on? Where is the money going? Why do they need $6.9 million USD for a Chrome extension??? There is no marketing or major developments. You don't need $6.9 million USD for a SMF free software-based forum. This is whole situation is getting worse everyday. Could it be possible for that much BTC to cause a big fall in price if it were all dumped at BTCe? Theory debunked. Please disregard my comment above. Here's what happened. Quote According to escrow agreement the funds have to be transferred from the escrow address. https://blockchain.info/address/35fe2CM2zbMeSfhRjpjW8ikTJcZj8NooFD official Waves cold wallet 5 k is withdrawn for current and upcoming development and marketing costs, good moment to sell BTC. 1 k out of it is spent on WAVES buy-back. Source (https://bitcointalk.org/index.php?topic=1524111.msg15356634#msg15356634) Title: Re: Bitcoin have lost more than $100 in a day... Post by: Qunenin on June 25, 2016, 01:21:01 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. true. This is a normal thing. bitcoin does have such characteristics. bitcoin is designed for unstable. the rise and dramatic fall in a short time is a normal thing. I have experienced many instances of so extraordinary because bitcoin always see movement up and down.The decline of bitcoin was a temporary thing for the past few days. I told my friends a few days back that do not panic on this decreasing price. the price will rise again and today it happen. It is again about to reach 700$. So i will advise all my friends that do not panic sell the coins even if the price decrease for a short period of time. Title: Re: Bitcoin have lost more than $100 in a day... Post by: upsidedown75 on June 25, 2016, 07:23:46 PM aaaand bitcoin has gained $120 in one day starting from 23 June, i am just wondering why nobody makes any topic about the big rises and only ducks make comment about the fall :) People do make threads on bitcoin price rising but it's sad to see this behavior of bitcoins to fluctuate by over $200 in just a week. It was high all this time and the price rise did not even last for a month. It just took 12 days for it to drop and hence it makes many users lose. That's what I feel risky to invest over $500 in BTC.http://www.coindesk.com/price/#2016-06-23,2016-06-24,close,bpi,USD Title: Re: Bitcoin have lost more than $100 in a day... Post by: JessicaSe on June 25, 2016, 09:32:17 PM aaaand bitcoin has gained $120 in one day starting from 23 June, i am just wondering why nobody makes any topic about the big rises and only ducks make comment about the fall :) People do make threads on bitcoin price rising but it's sad to see this behavior of bitcoins to fluctuate by over $200 in just a week. It was high all this time and the price rise did not even last for a month. It just took 12 days for it to drop and hence it makes many users lose. That's what I feel risky to invest over $500 in BTC.http://www.coindesk.com/price/#2016-06-23,2016-06-24,close,bpi,USD yeah and I really don't like to hold it for a long time, I sold few coins last week at the price of $750 and I think that was the best decision as price started to fall after that. Title: Re: Bitcoin have lost more than $100 in a day... Post by: angaper on June 25, 2016, 10:35:06 PM Actually the bitcoin price has been so volatile these last weeks that it seems to exclusively follow pure speculation. In fact I had never observed a direct relation between global market trends and the bitcoin behavior, which seems to have a very particular and independent behavior.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: pitham1 on June 26, 2016, 11:32:52 AM With Bitcoin, people should not be surprised by $100 gains (Or $100 losses).
It is all part of the game. Strengthen your hands to take such volatility. Title: Re: Bitcoin have lost more than $100 in a day... Post by: upsidedown75 on June 26, 2016, 07:30:43 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. true. This is a normal thing. bitcoin does have such characteristics. bitcoin is designed for unstable. the rise and dramatic fall in a short time is a normal thing. I have experienced many instances of so extraordinary because bitcoin always see movement up and down.Title: Re: Bitcoin have lost more than $100 in a day... Post by: potatopower on June 26, 2016, 07:59:51 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. though there is no reason for it to grow too, in my opinion the price will bounce back though anything might happenTitle: Re: Bitcoin have lost more than $100 in a day... Post by: torrentheaven on June 26, 2016, 08:03:08 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. true. This is a normal thing. bitcoin does have such characteristics. bitcoin is designed for unstable. the rise and dramatic fall in a short time is a normal thing. I have experienced many instances of so extraordinary because bitcoin always see movement up and down.I don't think bitcoin can ever get rid of price volatility it will always follow it even in future, so you can never expect stable price in bitcoin even if is used more by people. Title: Re: Bitcoin have lost more than $100 in a day... Post by: neonshium on June 27, 2016, 03:00:35 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. Yes, in currency we can expect things like that, now bitcoin is a currency which is supported and used by a number of large companies, so we do not have to fear when the price of it comes down and have to wait for the rise again.Title: Re: Bitcoin have lost more than $100 in a day... Post by: Amph on June 27, 2016, 04:15:15 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. though there is no reason for it to grow too, in my opinion the price will bounce back though anything might happenthere is, the value must grow or miner are fucked, and more usage from average joe bring more value, on the other hand there is zero reason for it to fall, and no buying cheap coin isn't a reason... Title: Re: Bitcoin have lost more than $100 in a day... Post by: wuvdoll on June 27, 2016, 07:21:36 PM It's over $630 now and I fear it may drop even more till halving ends. It's just a test period and we shouldn't actually watch the price but see what has bitcoins gained. There are so many articles now written on bitcoins because of its price and now it's best to hold rather than buy/sell. Just watch where it goes.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: pearnapple on June 27, 2016, 10:46:25 PM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. though there is no reason for it to grow too, in my opinion the price will bounce back though anything might happenthere is, the value must grow or miner are fucked, and more usage from average joe bring more value, on the other hand there is zero reason for it to fall, and no buying cheap coin isn't a reason... the price is not falling so fast any more to be honest and i really hope that it will show only upward trend from now on because it would surely attract many people to bitcoin then Title: Re: Bitcoin have lost more than $100 in a day... Post by: richardsNY on June 27, 2016, 11:09:55 PM It's over $630 now and I fear it may drop even more till halving ends. It's just a test period and we shouldn't actually watch the price but see what has bitcoins gained. There are so many articles now written on bitcoins because of its price and now it's best to hold rather than buy/sell. Just watch where it goes. I think whales are looking to keep the price down a few more days to make people sell their coins at current rates. Once the whales are happy with the number of coins that they accumulated, they will most likely create another pump. Just have a few more days patience. Title: Re: Bitcoin have lost more than $100 in a day... Post by: RoomBot on June 28, 2016, 01:44:52 AM I'm hardly a whale, but I'm buying.
I think it will go over $1000 in the next 2 weeks, and then there will be a big sell-off. Just my 2 satoshis. BTC Title: Re: Bitcoin have lost more than $100 in a day... Post by: RodeoX on June 28, 2016, 02:15:48 AM I'm traveling this week and catching up on the news at the airport. The brexit happened?! WTF did you blokes do? Oh well, good for BTC at least. Now if we have a nexit, and swexit will be a hell of a year.
Title: Re: Bitcoin have lost more than $100 in a day... Post by: Schuyler on June 28, 2016, 04:41:42 AM It's over $630 now and I fear it may drop even more till halving ends. It's just a test period and we shouldn't actually watch the price but see what has bitcoins gained. There are so many articles now written on bitcoins because of its price and now it's best to hold rather than buy/sell. Just watch where it goes. I think whales are looking to keep the price down a few more days to make people sell their coins at current rates. Once the whales are happy with the number of coins that they accumulated, they will most likely create another pump. Just have a few more days patience. Title: Re: Bitcoin have lost more than $100 in a day... Post by: martinacar on June 28, 2016, 05:34:42 AM It's over $630 now and I fear it may drop even more till halving ends. It's just a test period and we shouldn't actually watch the price but see what has bitcoins gained. There are so many articles now written on bitcoins because of its price and now it's best to hold rather than buy/sell. Just watch where it goes. I think whales are looking to keep the price down a few more days to make people sell their coins at current rates. Once the whales are happy with the number of coins that they accumulated, they will most likely create another pump. Just have a few more days patience. 580 dollars seems to be a bargain considering the potential. Just a week ago we were at the 780 mark. But for me it is a risk too, since i expect a massive dump after the halving. Title: Re: Bitcoin have lost more than $100 in a day... Post by: 1Referee on June 28, 2016, 05:38:05 AM It's over $630 now and I fear it may drop even more till halving ends. It's just a test period and we shouldn't actually watch the price but see what has bitcoins gained. There are so many articles now written on bitcoins because of its price and now it's best to hold rather than buy/sell. Just watch where it goes. I think whales are looking to keep the price down a few more days to make people sell their coins at current rates. Once the whales are happy with the number of coins that they accumulated, they will most likely create another pump. Just have a few more days patience. 580 dollars seems to be a bargain considering the potential. Just a week ago we were at the 780 mark. But for me it is a risk too, since i expect a massive dump after the halving. I think a lot people start to realize that a dump will happen after the block halving, which might be a reason for them to wait before buying at these prices. And a lot newer Bitcoiners don't even know what the halving is and does, so it gives them even more stress as they don't know what to expect. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Amph on June 28, 2016, 07:23:16 AM I'm traveling this week and catching up on the news at the airport. The brexit happened?! WTF did you blokes do? Oh well, good for BTC at least. Now if we have a nexit, and swexit will be a hell of a year. this is why all those thing are not neherent to the recent increase, if bitcoin each time it need to move up we need a fiat scandal, we are screwed, and bitcoin failed Title: Re: Bitcoin have lost more than $100 in a day... Post by: streazight on June 28, 2016, 07:27:57 AM there is no reason for the decline, this is a regular thing and do not panic. it is evident today bitcoin has again increased. true. This is a normal thing. bitcoin does have such characteristics. bitcoin is designed for unstable. the rise and dramatic fall in a short time is a normal thing. I have experienced many instances of so extraordinary because bitcoin always see movement up and down.Title: Re: Bitcoin have lost more than $100 in a day... Post by: Galiatram on June 28, 2016, 08:18:09 AM I didn't loose a single Bitcent. All are still sitting nicely in my wallet. This is not strange because there are a couple ofd people who are just holding their bitcoins and not even spent just one so it is not realySome trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case. I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat. ya.ya.yo! strange that the price of the bitcoin has dropped allot and i think that there is allot to do with the english people who has bitcoins. Title: Re: Bitcoin have lost more than $100 in a day... Post by: sishendaoye on July 05, 2016, 01:55:39 PM It's over $630 now and I fear it may drop even more till halving ends. It's just a test period and we shouldn't actually watch the price but see what has bitcoins gained. There are so many articles now written on bitcoins because of its price and now it's best to hold rather than buy/sell. Just watch where it goes. To be honest i do not think that it is bad thing if the price is going to drop again because many people are waiting for a cheap price to buy Bitcoin for. This might be your chance not everybody is able to afford Bitcoins that are worth $700 a piece. Title: Re: Bitcoin have lost more than $100 in a day... Post by: Iceborn on July 05, 2016, 02:29:10 PM That was true there was a period where the bitcoin dropped that much that he almost dropped 100 dollar in one day but the next day there came
50 dollar back so it was not very sad but it is never funny when the bitcoin drops. |