Bitcoin Forum

What's going on folks? BTC doing the dive.

PANIC SELL. FUD FUD FUD.
 

There is not even agreement on a price.  ::)

Taking a small break. It doesn't go up vertically. These pullbacks are periodic and healthy before going higher.

bitcoin going up... normal
bitcoin going down... normal
just get on with it ;)

It "plunged" to the price it was, what, a week ago?  ::)

I recall thinking that on april, 11th, 2013.

A 17% drop in value from peak is significant, I think.....

is SR down again???

looks like another yuropoor looking for an excuse to get buttmad about America

good, good, blame America, ignore your own government's pilfering!  gooooood!

http://i.dailymail.co.uk/i/pix/2011/12/10/article-2072549-0F0CE65900000578-678_468x320.jpg
Caption: 'They were outside my gold-flaked mansion with torches and pitchforks, but I just pointed at America and the retards fell over themselves whining and forgot all about me!'

 :)

You must be new.

Spread less than $5 between bitstamp and gox right now.  We will see if that holds.

less than $3 now

Mtgox was at $140-150 last week and the week before. Right now its at $121 asking. So, it "plunged" by ~$20.

BUT, CampBX has been at $120 for the last 3 weeks. Give or take a few days.
I see it as normalizing, correct me if I'm wrong. Mtgox had an inflated price on BTC for over 2 weeks.

By the way, can someone explain to me in a situation such as that prevents people from buying on CampBX and then selling on Mtgox for a $20+ coin profit? Or is that what people were doing?

Bingo.  This is the factor to look out for.  Gox price was significantly overinflated due to withdrawal problems.  It's more important to see what's happening on bitstamp and btc-e.  Besides, payment processors like bitpay no longer follow the gox API (thankfully).  By all logic, Gox shouldn't be influencing the market to the same degree it had been prior to the shit hitting the fan.

Volatility means all good. There are no central banks who could add or subtract some money supply to stablize the price, if the price is stable, then it means the exchange rate was manipulated  8)

Manipulation is such a loaded term.  Everybody manipulates the market, and everyone has the same goal - profit.  Manipulation is just thrown around most frequently when one of two things happens: 1) a big buy/sell makes people go "damn that's a lot of money!", or 2) there is an assumption that someone with deep pockets is keeping the price stable, though it should be noted that this is virtually indistinguishable from normal trading activity and therefore calls into question the assumption...

Anybody who was around since January of this year would know that this small drop is expected. Shaking out the weak hands.

We did the same shake at least 10 times from $13 to $266.

Don't get shaken off from $120 to $1000.

To the best of my knowledge, nothing has changed here. People are still waiting for their withdrawals from July etc.

It does look like the price of btc has stablized between the exchanges who are actually processing withdrawals, however. Very unfortunate, as this ruins our wonderful previously available 10% arbitrage abilities.

There needs to be something really important to maintain the rally.. and now there isnt