Bitcoin Forum

Economy => Speculation => Topic started by: Coinbuddy on September 29, 2014, 06:21:22 AM



Title: Bitcoin price going down down and down! :( 377.5$
Post by: Coinbuddy on September 29, 2014, 06:21:22 AM
See the bitcoin price 377.5$ it is still going down.Why? is there any good reason.It is constantly going down.I think something is going bad.Every market is going down.See the stats

http://i61.tinypic.com/2s8ppx5.png


Title: Re: Bitcoin price going down down and down! :( 377.5$
Post by: piramida on September 29, 2014, 07:10:38 AM
bitcoin price, if you look at the charts, goes down about 90% of the time. the rest of the time it rallies up. that's the nature of iterative price discovery process.


Title: Re: Bitcoin price going down down and down! :( 377.5$
Post by: Coinbuddy on September 29, 2014, 08:08:51 AM
bitcoin price, if you look at the charts, goes down about 90% of the time. the rest of the time it rallies up. that's the nature of iterative price discovery process.
It will bounce back?


Title: Re: Bitcoin price going down down and down! :( 377.5$
Post by: piramida on September 29, 2014, 08:29:50 AM
bitcoin price, if you look at the charts, goes down about 90% of the time. the rest of the time it rallies up. that's the nature of iterative price discovery process.
It will bounce back?

yes, of course it will. it bounced back after crashing to 1/16th of it's max. then to 1/6th. now it's just 1/4th (if it drops to $300 which it even did not yet), absolutely no reason to panic unless you need to cash out right now.