Bitcoin Forum

Economy => Speculation => Topic started by: kodtycoon on April 07, 2014, 02:35:40 PM



Title: why the sudden drop in price? came outa nowhere?
Post by: kodtycoon on April 07, 2014, 02:35:40 PM
why the sudden drop in price? came outa nowhere?


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: zolace on April 07, 2014, 02:49:09 PM
Where have you been?   Price has dropped like two weeks ago, prices actually been stable this past week.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: RodeoX on April 07, 2014, 02:49:27 PM
I see about a $10 drop at bitstamp. Looks like a big sell went through an hour or so ago. Is that what your seeing? I guess it's supply and demand. If you were to want to take $50K of profits denominated in dollars, you would likely move the market unless you were in a dark pool.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: nrigo on April 07, 2014, 03:39:41 PM
There are some drop prices like this one every working days. These big orders come probably from mining companies or merchands which are selling with market orders. That explains Bitcoin price volatility, but it's a good apportunity to buy  at a lower price.  :)


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: Sage on April 07, 2014, 03:58:46 PM
You're still seeing the inflation from the China bubble working its way out of the market.

The trend is still down.  And it's not going to take off again for awhile.

Expect more downside.

(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: Acidyo on April 07, 2014, 04:00:39 PM
Gox selling stolen coins probably.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: RomertL on April 07, 2014, 04:06:27 PM
Just the normal daily volatility...


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: bitsmichel on April 07, 2014, 05:59:21 PM
Quote
why the sudden drop in price? came outa nowhere?

price drop is not that big.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: elavenil on April 07, 2014, 06:01:04 PM
Bitcoin price is stable for last few days at $4** range.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: ChuckBuck on April 07, 2014, 06:04:35 PM
What sudden price drop?  BTC been around $450 +- $5-10 or so last few days.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: serenitys on April 07, 2014, 06:09:04 PM
It went down to 439 a little while ago but shows 444-447 between bitcointicker and bitcoinwisdom at 1pm CST

Seems to be stuck in the $400-$500 range for awhile though. Makes me think everyone's holding except small exchanges until the 15th...like market paralysis...


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: allthingsluxury on April 07, 2014, 06:23:06 PM
Relatively stable at the moment.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: hilariousandco on April 07, 2014, 06:28:01 PM
why the sudden drop in price? came outa nowhere?

Do you expect a warning or something?


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: reRaise on April 07, 2014, 08:01:20 PM
You're still seeing the inflation from the China bubble working its way out of the market.

The trend is still down.  And it's not going to take off again for awhile.

Expect more downside.

(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)

You are just speculating, it's not a fact. People said the same when Bitcoin reached $60 from $266. I'm calling it a bottom, the downtrend is slowly getting exhausted and oversold.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: ashapasa on April 07, 2014, 08:16:27 PM
china always china


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: hilariousandco on April 07, 2014, 08:23:39 PM
Panic sellers, always panic sellers


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: HCLivess on April 08, 2014, 12:08:33 AM
1
10
100
<- You Are Here Now
1000
10000
100000
1000000


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: Dalmar on April 08, 2014, 12:17:40 AM
https://i.imgur.com/PUxgu8A.jpg

Prepare for the death cross.


Title: Re: why the sudden drop in price? came outa nowhere?
Post by: MicroGuy on April 08, 2014, 12:28:57 AM
why the sudden drop in price? came outa nowhere?

I think Overstock and other retailers could be divesting some of their BTC inventory.

It's important to note that many investors are still bullish on cryptocurrencies, just not Bitcoin at the moment.

http://coinmarketcap.com/mineable.html