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Title: Explanation help for the drop?? Post by: bitcoindirect on February 07, 2014, 03:21:36 AM Im aware that Apple products started an issue but everyone says that we shouldn't see an issue from it. So can anyone help explain the reason my bitcoin ticker alarm keeps going off due to decently extreme drops...thanks
Title: Re: Explanation help for the drop?? Post by: yoshix003 on February 07, 2014, 03:25:14 AM Due to MTGox restricting the flow of trade. Also Apple blocking the famous app does not help the issue.
Solution: Dump iOS.. for MtGOX that is not an easy solution we need more exchanges. Title: Re: Explanation help for the drop?? Post by: bitcoindirect on February 07, 2014, 03:31:19 AM The apple portion I know but im assuming once that new undeniable app gets created there would be a panic. But I wasnt aware of Mt Gox restrictions. Whats that about? I hear Mt Gox is thought to be messing with the inflation and not to be the most trusted exchange anyway.
Does anyone have a prediction as to what will happen and when. Whether it's deflation or inflation? Any predictions or advice will help. Thanks. I got some im holding onto from mining when it was 109 and then some purchases between 750 and 810. Title: Re: Explanation help for the drop?? Post by: poor_Boy on February 07, 2014, 04:00:32 AM This is the BEST time to buy BTC, and most of the Altcoins. ;D
Once BTC gets around $700, people will start buying again, and then we'll all have stiff necks, from looking up at the price. :D Title: Re: Explanation help for the drop?? Post by: Steelie on February 07, 2014, 04:31:27 AM Russia ban use of bitcoin
http://rt.com/business/bitcoin-russia-use-ban-942/ Title: Re: Explanation help for the drop?? Post by: cubicdissection on February 07, 2014, 04:34:20 AM My (uneducated) guess is Gox. issues, uncertainty over china, apple ban (minor). Also there was some kind of statement in Russia that no one seems to be talking about...I read that it was an actual ban on Bitcoin, but I've not seen it corroborated.
I saw $730 briefly, now it's back up mid $740's. I don't have cashflow to buy in right now so I'm a little frustrated watching this opportunity slip by. >:( Title: Re: Explanation help for the drop?? Post by: keithers on February 07, 2014, 04:39:30 AM I really dont think apple removing blockchain.info from the app store had that big of an effect on the market. The growing frustrations with money being stuck on Gox definitely has had some effect on things though.
Title: Re: Explanation help for the drop?? Post by: bitcoindirect on February 07, 2014, 04:51:46 AM What is the deal with Gox? I havn't seen this article...and yea I saw the deal with Russia. Apparently they aren't allowing it at all? Is that confirmed or speculation as of now?
Title: Re: Explanation help for the drop?? Post by: glendall on February 07, 2014, 05:02:06 AM Sometimes there isn't any one particular reason.
It may help to look at the market price as really only a measure of confidence in something. A lot of folks lost confidence today. Not that many though. Not a big deal. Title: Re: Explanation help for the drop?? Post by: bitcoindirect on February 07, 2014, 06:06:59 AM Thanks! So no thoughts or speculation on what the price will go to and/or at what time. Or are we going to still see a drop?
Title: Re: Explanation help for the drop?? Post by: keithers on February 07, 2014, 06:50:33 AM Thanks! So no thoughts or speculation on what the price will go to and/or at what time. Or are we going to still see a drop? Unfortunately no one has the crystal ball to give you an exact answer on that oneTitle: Re: Explanation help for the drop?? Post by: CryptKeeper on February 07, 2014, 07:05:40 AM Read this: http://www.iphonefaq.org/archives/973146 (http://www.iphonefaq.org/archives/973146)
I think, the blockchain.info app will soon reappear in the app store in a revamped iOS 7 version! Title: Re: Explanation help for the drop?? Post by: circusmidget11 on February 07, 2014, 08:02:43 AM Aside from Apple removing blockchain app, there's also the ban of anything related to bitcoin on paypal, ebay, etc as well.
Title: Re: Explanation help for the drop?? Post by: bitcoindirect on February 07, 2014, 08:16:06 AM When did the ban happen on paypal and ebay? I thought they just stated them as competitors? And paypals CEO is invested and has stated the potential of being able to accept bitcoin in the future into paypal....
Title: Re: Explanation help for the drop?? Post by: Forexperiments on February 07, 2014, 08:18:50 AM When did the ban happen on paypal and ebay? Unofficially, bitcoins were always being "banned" on ebay/paypal. Not really "banned", but simply the scammers could get a chargeback extremely easy If you receive a payment on paypal for bitcoins, the other person could say he never received your "goods". No matter how you explain or show the blockchain, paypal is biased and will give money back to the scammer... Title: Re: Explanation help for the drop?? Post by: guybrushthreepwood on February 07, 2014, 01:32:46 PM Im aware that Apple products started an issue but everyone says that we shouldn't see an issue from it. So can anyone help explain the reason my bitcoin ticker alarm keeps going off due to decently extreme drops...thanks I can't see why Apple removing the blockchain app would have this much of a negative effect on the price. Title: Re: Explanation help for the drop?? Post by: jcoin200 on February 07, 2014, 01:41:14 PM Russia ban use of bitcoin http://rt.com/business/bitcoin-russia-use-ban-942/ May become involved in "financing of terrorism" ... this sounds like Russia is taking a page out of the Obama administration play book. Add an element of fear so that people are scared to even use BTC. Clearly when you see governments over reaching their bounds and banning BTC/scaring people from using it, it proves they are afraid of it taking power away from them. Title: Re: Explanation help for the drop?? Post by: jzcjca00 on February 07, 2014, 01:41:19 PM Does anyone have a prediction as to what will happen and when. Whether it's deflation or inflation? Any predictions or advice will help. Thanks. I'm predicting that we will continue to see inflation at the rate of 25 bitcoins approximately every 9-10 minutes for the next 3 years. After all, it's written into the algorithm! As for the price, that will depend mostly on demand, which depends on investor sentiment, which depends on garbled and biased articles in the media, which are a lot harder to predict. Title: Re: Explanation help for the drop?? Post by: yatsey87 on February 07, 2014, 02:24:36 PM Reason for the drop? People panic selling. Always the case.
Title: Re: Explanation help for the drop?? Post by: keithers on February 07, 2014, 04:09:41 PM Reason for the drop? People panic selling. Always the case. Eventually we will get to a point where there are enough buyers waiting for panic sales that it will keep everything much more stable Title: Re: Explanation help for the drop?? Post by: Sonny on February 07, 2014, 04:18:39 PM Russia ban use of bitcoin http://rt.com/business/bitcoin-russia-use-ban-942/ Just another FUD. https://bitcointalk.org/index.php?topic=452894.msg4990065#msg4990065 Title: Re: Explanation help for the drop?? Post by: Sonny on February 07, 2014, 04:20:18 PM What is the deal with Gox? I havn't seen this article... https://www.mtgox.com/press_release_20140207.html Quote Statement Regarding BTC Withdrawal Delays Tokyo - JAPAN - February 07, 2014 Dear MtGox Customers, In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state. In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes. We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST). We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. Sincerely, The MtGox Team Title: Re: Explanation help for the drop?? Post by: iglasses on February 08, 2014, 12:10:58 AM Im aware that Apple products started an issue but everyone says that we shouldn't see an issue from it. So can anyone help explain the reason my bitcoin ticker alarm keeps going off due to decently extreme drops...thanks I can't see why Apple removing the blockchain app would have this much of a negative effect on the price. Headlines bro...headlines Any perceived negativity towards a thing from father Apple is viewed as being bad for the thing. Title: Re: Explanation help for the drop?? Post by: keithers on February 08, 2014, 12:28:01 AM Im aware that Apple products started an issue but everyone says that we shouldn't see an issue from it. So can anyone help explain the reason my bitcoin ticker alarm keeps going off due to decently extreme drops...thanks I can't see why Apple removing the blockchain app would have this much of a negative effect on the price. Headlines bro...headlines Any perceived negativity towards a thing from father Apple is viewed as being bad for the thing. The fact that Apple removed blockchain.info from app store is minuscule in comparison to Gox freezing withdrawals altogether. Despite the fact that most of the regulars in bitcoin know that Gox has been having problems lately, from the outside they were still perceived as one of the biggest if not the biggest exchange in the world. Title: Re: Explanation help for the drop?? Post by: circusmidget11 on February 08, 2014, 07:42:38 AM I would expect prices to drop for awhile until things get settled then prices will start to jump back up again so hopefully Mt Gox will start functioning again.
Title: Re: Explanation help for the drop?? Post by: keithers on February 08, 2014, 08:51:33 AM I would expect prices to drop for awhile until things get settled then prices will start to jump back up again so hopefully Mt Gox will start functioning again. I will be surprised if Gox is ever fully functional again. I think we are just gonna have to adjust to pricing without Gox, just how we had to recover after all the China news... Title: Re: Explanation help for the drop?? Post by: bitcoindirect on February 09, 2014, 10:07:23 PM So is Gox completely done? Or is that speculation? It appears that they are finally on the same page of pricing as the rest...but has there been anymore updates on when peopel can withdraw? That's when I feel I need to be ready to buy in...what do you guys think?
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