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Title: Any reason why are bitcoin price still going down? Post by: adicted on February 13, 2014, 09:47:57 PM It have been running from around 600-650 for the whole day , does that mean a lot of big shark are throwing thier coin ?
Title: Re: Any reason why are bitcoin price still going down? Post by: vaccinesaregood on February 13, 2014, 09:55:58 PM The collapse of GOX is dragging everyone down.
Title: Re: Any reason why are bitcoin price still going down? Post by: j3steven on February 13, 2014, 09:57:54 PM Possibly the recent news of SilkRoad 2.0 being hacked for 4000 BTC scaring ppl too..
Title: Re: Any reason why are bitcoin price still going down? Post by: adicted on February 13, 2014, 10:03:51 PM I don think the silkroad have anything to do with this , but what i see is mtgox dragging may be people panic : (
Title: Re: Any reason why are bitcoin price still going down? Post by: epinay on February 13, 2014, 10:06:32 PM BUY BUY BUY!!!
Title: Re: Any reason why are bitcoin price still going down? Post by: Einewton on February 13, 2014, 10:07:09 PM BUY BUY BUY!!! It's on it's way back up, boys!
Title: Re: Any reason why are bitcoin price still going down? Post by: blaaaaacksuit on February 13, 2014, 10:12:25 PM Interesting watching gold shoot up at the same time as this is crashing. Just a coincidence probably.
Title: Re: Any reason why are bitcoin price still going down? Post by: FeedbackLoop on February 13, 2014, 10:17:04 PM It have been running from around 600-650 for the whole day , does that mean a lot of big shark are throwing thier coin ? Just markets being markets in a tiny and very new thing. Also this belongs to the speculation sub-forum. Title: Re: Any reason why are bitcoin price still going down? Post by: adicted on February 13, 2014, 10:17:18 PM So when the time gold drop , Bitcoin rocket ! ;D
Title: Re: Any reason why are bitcoin price still going down? Post by: Automatic on February 14, 2014, 12:17:37 AM Probably because literally everywhere you look you hear "Bitcoin", "Exploit", "Stolen", "Theft", "Unrecoverable" and "Lost" all in the same sentence, that's never good PR.
Title: Re: Any reason why are bitcoin price still going down? Post by: Holliday on February 14, 2014, 12:20:07 AM Probably because literally everywhere you look you hear "Bitcoin", "Exploit", "Stolen", "Theft", "Unrecoverable" and "Lost" all in the same sentence, that's never good PR. Hmm... I remember living through something like this before. Title: Re: Any reason why are bitcoin price still going down? Post by: EvilPanda on February 14, 2014, 12:22:47 AM This really looks bad, It's Winter, the weather sux and now bitcoin going down. I can understand now why those bankers killed themselves :(
Title: Re: Any reason why are bitcoin price still going down? Post by: passionsurf on February 14, 2014, 12:23:09 AM Bitstamp has also suspended withdrawals.
http://www.latimes.com/business/hiltzik/la-fi-mh-bitcoin-a-new-rip-20140211,0,1065852.story Title: Re: Any reason why are bitcoin price still going down? Post by: Holliday on February 14, 2014, 12:27:40 AM Bitstamp has also suspended withdrawals. http://www.latimes.com/business/hiltzik/la-fi-mh-bitcoin-a-new-rip-20140211,0,1065852.story Wow. Breaking news! Three days ago. Title: Re: Any reason why are bitcoin price still going down? Post by: WuttWutt on February 14, 2014, 12:30:03 AM the price is going down because miners are wasting 3 million dollars per day on keeping your bitcoins valuable
Title: Re: Any reason why are bitcoin price still going down? Post by: traderCJ on February 14, 2014, 12:34:26 AM the price is going down because miners are wasting 3 million dollars per day on keeping your bitcoins valuable Those electrons could have fed starving children on Mars .. Title: Re: Any reason why are bitcoin price still going down? Post by: Roccker on February 14, 2014, 12:34:42 AM Ok, only 4000 coins stolen?
All sold at once on bitstamp would bring prize from current 602 to 570 for the moment. Not a big deal at all is it. Title: Re: Any reason why are bitcoin price still going down? Post by: Tzupy on February 14, 2014, 12:36:04 AM The price is going down because of inertia. Once a large drop starts, it needs a strong upward trend to break it.
Title: Re: Any reason why are bitcoin price still going down? Post by: BittBurger on February 14, 2014, 12:37:42 AM I knew there was a super cool hip trading word for it.
Title: Re: Any reason why are bitcoin price still going down? Post by: Holliday on February 14, 2014, 12:37:53 AM The price is going down because of inertia. Inertia. Up or down, that is where a lot of people lose money. It's also where a lot of people make money. |