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Title: Sub $530? Post by: bitcoinsrus on March 27, 2014, 01:39:29 PM Why is the price now lower than 530? Is this a flash crash, due to china enforcing bans on btc (just read a few articles on this section)?
Whats up brah?! Title: Re: Sub $530? Post by: btbrae on March 27, 2014, 01:45:45 PM That looks like a big player beginning to dump his coins... perhaps the Mtgox "hacker".
Title: Re: Sub $530? Post by: escrow.ms on March 27, 2014, 01:46:06 PM panic sell..
http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/ It will go up again. Title: Re: Sub $530? Post by: john_doe on March 27, 2014, 01:58:07 PM panic sell.. http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/ It will go up again. That's old news. Title: Re: Sub $530? Post by: K128kevin on March 27, 2014, 01:59:42 PM It probably will go up again soon. This seems like it is definitely a result of the China news though.
http://www.bloomberg.com/news/2014-03-27/pboc-orders-banks-to-shut-bitcoin-exchange-accounts-caixin-says.html Title: Re: Sub $530? Post by: escrow.ms on March 27, 2014, 02:02:00 PM panic sell.. http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/ It will go up again. That's old news. Ah oops copy pasted wrong url.. new one is http://www.coindesk.com/bitcoin-price-drops-new-chinese-bank-rumours/ edit: Oh john doe.. :o Title: Re: Sub $530? Post by: Wandererfromthenorth on March 27, 2014, 02:07:36 PM Well, we are in a prolonged downtrend regardless of news. so dumps are predictable.
News that play on fear just makes the process faster. Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit. Bottom will be around $400 or even lower. Title: Re: Sub $530? Post by: dyland on March 27, 2014, 02:13:38 PM Well, we are in a prolonged downtrend regardless of news. so dumps are predictable. News that play on fear just makes the process faster. Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit. Bottom will be around $400 or even lower. I really hope this downtrend doesn't last too long.....there's stuff I want to buy. Title: Re: Sub $530? Post by: dannyspk on March 27, 2014, 02:16:58 PM Well, we are in a prolonged downtrend regardless of news. so dumps are predictable. News that play on fear just makes the process faster. Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit. Bottom will be around $400 or even lower. I really hope this downtrend doesn't last too long.....there's stuff I want to buy. Placing your bets too high. Title: Re: Sub $530? Post by: K128kevin on March 27, 2014, 02:19:21 PM Well, we are in a prolonged downtrend regardless of news. so dumps are predictable. News that play on fear just makes the process faster. Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit. Bottom will be around $400 or even lower. Actually almost all of the downward movement since the peak around late november/early december has been a result of news. When there is no bad news the price almost always tends to go upward. I would say that we are in a prolonged upward trend that is being frequently disrupted by harmful news like the China ban. Title: Re: Sub $530? Post by: JHammer on March 27, 2014, 02:37:50 PM That is OLD news Bro.. March 21?????? That was like YEARS ago.. Today is March 27 BTW
Title: Re: Sub $530? Post by: suchnoob on March 27, 2014, 02:42:31 PM That is OLD news Bro.. March 21?????? That was like YEARS ago.. Today is March 27 BTW You should read the rest of the posts BRO, not just 1st post. Title: Re: Sub $530? Post by: Edward50 on March 27, 2014, 02:46:31 PM Well, we are in a prolonged downtrend regardless of news. so dumps are predictable. News that play on fear just makes the process faster. Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit. Bottom will be around $400 or even lower. Yes, I notice the same trend. In December when the china ban came out everyone was screaming hold, and it is fake news, just like you said. Then bitcoin dropped like 50%. The smart people are getting out as high as they can. Title: Re: Sub $530? Post by: IIOII on March 27, 2014, 02:56:05 PM The smart people are getting out as high as they can. Smart people get in and hodl. It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing. Title: Re: Sub $530? Post by: Cassius on March 27, 2014, 03:03:05 PM The smart people are getting out as high as they can. Smart people get in and hodl. It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing. Yup. It's called a correction for a reason. It's a necessary step on the way to rehab after the bubble, Gox and FUD. No point fighting it. Title: Re: Sub $530? Post by: Cassius on March 27, 2014, 03:31:45 PM Price drop means a bunch of hands sold. Does not necessarily correlate to news headlines. How does your logic look a few hours ago in the $580 range? My logic? Sorry, not sure I understand the question. My point was that bitcoin has been seriously overvalued and now people are playing catch up. And I think that 500 is a key confidence level to establish or otherwise. Title: Re: Sub $530? Post by: dyland on March 27, 2014, 03:35:08 PM Well, we are in a prolonged downtrend regardless of news. so dumps are predictable. News that play on fear just makes the process faster. Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit. Bottom will be around $400 or even lower. I really hope this downtrend doesn't last too long.....there's stuff I want to buy. Placing your bets too high. I assume you mean this: Yeah, my average buy-in was about $650.00... Title: Re: Sub $530? Post by: chesthing on March 27, 2014, 03:59:57 PM The smart people are getting out as high as they can. Smart people get in and hodl. It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing. Title: Re: Sub $530? Post by: Torque on March 27, 2014, 04:08:40 PM The smart people are getting out as high as they can. Smart people get in and hodl. It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing. Positive or negative trends are all relative. Take a look at this: http://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-08-30zeg2013-10-05ztgSzm1g10zm2g25zv That sure looks like a slight negative trend to me, with a very negative crash toward the end. Although anyone that sold everything in October because of this had no idea what was coming, and are probably crying right now... |