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Title: [2014-08-20] Why the Bitcoin Price Is Falling – and Why It's Not a Crisis Post by: LiteCoinGuy on August 20, 2014, 02:55:10 PM Why the Bitcoin Price Is Falling – and Why It's Not a Crisis
One reason for this reaction from the Bitcoin community is that by now, Bitcoin enthusiasts are used to the big price fluctuations. "This is just how Bitcoin trades, for better or worse," Barry Silbert, the CEO of Bitcoin hedge fund operator SecondMarket, told The New York Times. "This is normal - par for the course." https://moneymorning.com/2014/08/19/why-the-bitcoin-price-is-falling-and-why-its-not-a-crisis/ http://s14.directupload.net/images/140820/ufh5j6xj.gif (http://www.directupload.net) ;D Title: Re: [2014-08-20] Why the Bitcoin Price Is Falling – and Why It's Not a Crisis Post by: Whitehouse on August 20, 2014, 03:04:17 PM Quote Virtually all investors know that the worst stock market crash in history, the crash of 1929, was in large part caused by people buying on margin - borrowing money to buy stock. As stock prices fell, such investors needed to dump their holdings quickly, as they were losing money they didn't really have. The panic selling triggered even more panic selling. Always bloody panic sellers whatever the industry. PS The face on that gif needs to be upset/angry on the way down :D. |
