Bitcoin Forum

This is very interesting. YOU MUST READ IT: http://www.bitcoinvalues.net/alibaba-ipo-responsible-bitcoin-crash.html

This is silly.

But, if it lets the sheep sleep at night then so be it.

I doubt it. The article does not present any evidence to support it claim.

If that is the case then bitcoin price will rise after the IPO complete, a lot of people sell it on the first 3 days on the IPO...

This theory makes no sense to me.

Why not?

I'm sorry - and I mean this in the nicest possible way - your website really needs a spelling check and an editor.

I don't get it
How can Alibaba IPO make bitcoin price crash  ???
Expect they sold huge amount bitcoin

Just ignore this news

Bitcoin is crashing because normal people can't obtain BTC beyond gambling with their hard earned fiat money. People that buy BTC are most of the time already FIAT wealthy, so this doesn't help as we need 99% acceptance. The 99% don't buy gold, which is the use that most bitcoin buyers are giving to BTC, a sort of an electronic asset, not a currency.

Yeah I don't think that the Alibaba IPO is really related to the Bitcoin crash. Interesting theory though.

Blaming everyone but oneself seems to be the trait for human.

Are you a problem solver or just a critic? If you're a problem solver you will over to help with spelling or editing!

IPOs come and go.
Bitcoin is timeless.  :)

Unless you are paying him (or offering to pay him) to correct your spelling errors there is no reason for him to fix them.

As for your logic in your article, I strongly disagree. The people that are investing in bitcoin and people that are investing in the alibaba IPO have different risk tolerances and therefore are likely different investors (using different money)

I sure hope the price of Alibaba is not as volatile as bitcoin. It would be suicidal for a stock to have such price fluctuations.

another nonsense conspiracy theory

You will find a lot more of these in the bitcoin world.  ;D

I Blame Obama^TM

Just too much miner selling their bitcoin...

Sounds like crap, btc has been in decline for several months now, seems like the theory is being made to fit the facts here

This is a pretty far fetched theory
Most Ali baba investors are large money manager and fin institutions that haven't exactly yet locked down btc as an investment

Possibly, wealthy investors are selling bitcoins and transferring their funds to money managers.  ;D

It is not related to the decline in bitcoins, but it has some kernel of truth in its concept.
While Alibaba didn't crash bitcoin prices, it might pump the bitcoin prices to unimaginable levels if Alibaba adopts it.
The world's trading volume is in China, and Chinese people don't give a shit about the US or the rest of the world.
Before, every time there was a very encouraging news from the US, the prices reacted accordingly rationally.
These days, especially after the fall of MtGox, 85% of the worlds volume in trading are spread in the Chinese exchanges (OKCoin, BTCChina and Huobi).

It is not about mainstream adoption anymore, it is about Chinese adoption.
I bet that the markets would have reacted much favorably if instead of Paypal it was Alipay making the announcement of accepting bitcoins.

I sure hope this is not true as China is starting to take active measures to prevent people from using bitcoin (see the threads about china blocking access to this forum via their DNS servers).

I do agree with your conclusion that Alibaba likely did not cause the price of bitcoin to decrease as people who were hoping to try to invest in Alibaba would have probably sold their bitcoin several weeks ago in anticipation of being able to buy via the IPO or shortly thereafter

That was precisely my point.
China is the protagonist here, whatever happens in China will be strongly reflected in the overall bitcoin price because they own 85% of the world's volume.

ZOMG! This is yet another China Banned Bitcoin thread! To the Moon!

Usually gold is transferred as an electronic currency as well. When is the last time you have "bought gold" and received any in the mail, coins aside?

Why exactly would Alibaba adopting it bump the prices to unimaginable heights?

Miners selling their bitcoins to invest in Alibaba IPO. My point exactly in the article.

this was announced on National news 1 year ago.. so how is it causing a crash right now ?

I would have never really that these two would correlate together, very interesting.

A more opinions and speculations without proof. Just visiting the article you can determine it that its not a legit source

Even chinese capital, who holding a handful of Bitcoin is few, so the number of sold Bitcoin will not be increased much, and the price will be continued to fall.

Supply and demand folks. Not alibabas IPO.

causality vs correlation

Supply and demand can be manipulated and give false impressions.

Why not? If I'm a miner holding onto large stash of btc and not knowing what would happen with a rather bleak forecast, i would take the chance and diversify to buy alibaba ipo instead. One month down the road in october, I'm pretty sure I've made the right decision.

A number of IPOs come and go. These miners that you talk about could have diversified into the stock market at any point in time. They didnt have to wait for the Alibaba IPO.

What is Alibaba? It is a  PURE Chinese stock, fully controlled by Chinese Government Authority that is also well-known for banning Bitcoin, with unsure rulings any time. So the stock is partially controlled by the government, not fully by the markets, especially Alibaba's backup (Jiang-family江系) is subject to sanction by the current President (Xi DaDa). The conclusion: Do NOT hold this stock for long time.