Bitcoin Forum

Economy => Speculation => Topic started by: bitc0in on September 19, 2014, 03:40:53 AM



Title: Is bitcoin downing to 400?
Post by: bitc0in on September 19, 2014, 03:40:53 AM
http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

Since the last few days there has been a significant downing in the bitcoin price.The chances are bitcoin hitting the downward value of $400 soon.

Quote
Merchant market affects

Danielli suggested that merchant adoption may indeed be having an effect on the market, an opinion that is now widely debated in the community.

These market observers point to the fact that though more merchants are accepting bitcoin payments, they are not holding these funds in bitcoin. Thus, they argue, the market is not attracting enough buyers to absorb these bitcoins on the open market.

However, Danielli took this argument a step further, suggesting that this influence is measurable when comparing bitcoin to the second most popular cryptocurrency, litecoin.

For example, he pointed to the difference between performance in the bitcoin and litecoin markets, noting that when bitcoin had fallen 7.5% during the day’s trading, litecoin had declined only 5%.



Title: Re: Is bitcoin downing to 400?
Post by: Frscott on September 19, 2014, 03:46:10 AM
May hit mid 300s since no major news about bitcoin. Altcoins doing well though.


Title: Re: Is bitcoin downing to 400?
Post by: titulng on September 19, 2014, 03:58:13 AM
Below $400, I'm going to go bankrupt   :'(


Title: Re: Is bitcoin downing to 400?
Post by: pajrinn on September 19, 2014, 04:07:06 AM
The more days bitcoin be downtrade :(
I hope can go up again :(


Title: Re: Is bitcoin downing to 400?
Post by: mycoinfans on September 19, 2014, 04:27:19 AM
The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.


Title: Re: Is bitcoin downing to 400?
Post by: master-P on September 19, 2014, 04:29:31 AM
There is a lot of resistance though, I don't see it downing to sub-400 levels unless a huge amount of coins (over 3500) are dumped in a short period.


Title: Re: Is bitcoin downing to 400?
Post by: Hunyadi on September 19, 2014, 04:32:02 AM
Who knows? Personally I think we are bottoming now.


Title: Re: Is bitcoin downing to 400?
Post by: OrientA on September 19, 2014, 07:25:13 AM
Below $400, I'm going to go bankrupt   :'(

Did you borrow to invest?


Title: Re: Is bitcoin downing to 400?
Post by: krishatnet on September 19, 2014, 07:33:53 AM
I think bitcoin will not go below 400$. It will bounce back from 400$.


Title: Re: Is bitcoin downing to 400?
Post by: little_kristof on September 19, 2014, 07:34:57 AM
The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.

So now you can buy. On btc-e lowest price was 390$. This is not looking good. What you think ?


Title: Re: Is bitcoin downing to 400?
Post by: rohnearner on September 19, 2014, 08:02:27 AM
We are already below 400$ trading around 390$ on btc-e can't say how long this will remain this way..!


Title: Re: Is bitcoin downing to 400?
Post by: master-P on September 19, 2014, 08:28:27 AM
One hell of a roller coaster ride!


Title: Re: Is bitcoin downing to 400?
Post by: LiteCoinGuy on September 19, 2014, 08:39:00 AM
http://www.cryptocoinsnews.com/wp-content/uploads/2014/03/bitcoin-roller-coaster.gif


Title: Re: Is bitcoin downing to 400?
Post by: chennan on September 19, 2014, 08:46:10 AM
Many people are complaining the investors, miners, mining rig manufacturers etc. If the price further decreases,  many bitcoin related business will go to bankruptcy.   


Title: Re: Is bitcoin downing to 400?
Post by: BAIDY1 on September 19, 2014, 08:47:46 AM
I don't think so, if the currency prices have been falling, so a lot of new enterprises about bitcoins will loss, which is disadvantageous to the entire industry about  bitcoin!


Title: Re: Is bitcoin downing to 400?
Post by: BadAss.Sx on September 19, 2014, 08:48:39 AM
Stupid of those businesses to rely on btc


Title: Re: Is bitcoin downing to 400?
Post by: sudahlah on September 19, 2014, 08:48:50 AM
yea it's downing to 300 i guess lol  ;D


Title: Re: Is bitcoin downing to 400?
Post by: Nabu on September 19, 2014, 08:50:19 AM
The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.

So now you can buy. On btc-e lowest price was 390$. This is not looking good. What you think ?

there is a little bit of problem. no one have bucks for buying, all in a coin %)


Title: Re: Is bitcoin downing to 400?
Post by: Velkro on September 19, 2014, 08:51:00 AM
back at roller coaster indeed, im not worried about price :)


Title: Re: Is bitcoin downing to 400?
Post by: Nabu on September 19, 2014, 08:51:25 AM
Who knows? Personally I think we are bottoming now.

no way! we are digging now


Title: Re: Is bitcoin downing to 400?
Post by: OrientA on September 19, 2014, 09:19:44 AM
Who knows? Personally I think we are bottoming now.

no way! we are digging now

Digging for the future rise.


Title: Re: Is bitcoin downing to 400?
Post by: Chellger on September 19, 2014, 09:23:09 AM
You know. I have my 1.7 Bitcoins and I guess I'll at least hold them until Bitcoin reaches € 250,-- or maybe € 200,--

But I am worried about the future of Bitcoin.


Title: Re: Is bitcoin downing to 400?
Post by: mixan on September 19, 2014, 10:54:09 AM
It will go down to ~300$ and stay there for a short time, then go back to 5-600$, it sure feels like the market is hijacked


Title: Re: Is bitcoin downing to 400?
Post by: herebittybittybitty on September 19, 2014, 11:36:04 AM
But I am worried about the future of Bitcoin.

Why?


Title: Re: Is bitcoin downing to 400?
Post by: antibitcoinconsortium on September 19, 2014, 11:39:12 AM
There is a lot of resistance though, I don't see it downing to sub-400 levels unless a huge amount of coins (over 3500) are dumped in a short period.


stop lying.
the order book is extremely thin
even our partners cant sell off their small amount of 25k btc because it would total colapse the market instantly
there are much bigger players in the market then our partners so it can only go down
you can purchase all full details, please send pm if you have interest


Title: Re: Is bitcoin downing to 400?
Post by: OrientA on September 19, 2014, 02:05:59 PM
There is a lot of resistance though, I don't see it downing to sub-400 levels unless a huge amount of coins (over 3500) are dumped in a short period.


stop lying.
the order book is extremely thin
even our partners cant sell off their small amount of 25k btc because it would total colapse the market instantly
there are much bigger players in the market then our partners so it can only go down
you can purchase all full details, please send pm if you have interest

Maybe your partners can only crash the market for short period. I would like to know if they are keen to sell 25k BTC at $300.


Title: Re: Is bitcoin downing to 400?
Post by: bitc0in on September 19, 2014, 02:55:14 PM
It's going down I am yelling "Bitcoin"  :-X


Title: Re: Is bitcoin downing to 400?
Post by: herebittybittybitty on September 19, 2014, 03:11:49 PM
There is a lot of resistance though, I don't see it downing to sub-400 levels unless a huge amount of coins (over 3500) are dumped in a short period.


stop lying.
the order book is extremely thin
even our partners cant sell off their small amount of 25k btc because it would total colapse the market instantly
there are much bigger players in the market then our partners so it can only go down
you can purchase all full details, please send pm if you have interest

Maybe your partners can only crash the market for short period. I would like to know if they are keen to sell 25k BTC at $300.

Right now they're not even selling at $400. And why were his "partners" so dumb as to buy $10,000,000 worth of bitcoin in the first place?


Title: Re: Is bitcoin downing to 400?
Post by: bryan23 on September 19, 2014, 04:16:05 PM

right
its crypto market
up and down