Bitcoin Forum

Hello, sorry for my English.
Can you tell me why the bitcoin price so low? Can anyone tell me will it go up?

small answer: price manipulation

exchanges are only doing a few hundred coins of actual trade vs real bank account withdrawal/deposits. the other 14,000 coins+ volume is from manipulators messing around with the prices on the mysql databases pushing the prices down.

for the last 2 weeks the main traders have been obvious. look at btc-e.

the majority of orders are 0.011 or 0.0212. and then there is an occassional order of 50-250 coins causing a wall, which stops price movements going beyond that wall.

it has been the same pattern for many weeks.

the best advice is to not worry about exchange prices. if you really need fiat (bank account money). then use localbitcoins.com
if you are simply trading for profit, then trade bitcoins for stable altcoins. and ignore the bitcoin-USD value.

It's good news about price going to low I like to use Value Investment I can hold  ;D

It's not low, it is still ridiculously overpriced. Over $300 dollars for a single bitcoin? Give me a break

When the value of bitcoin was  1200 $ , tell me ( please ) was it overpriced  or not?

Obviously, $1200 was insanity, top of a mania

Do not trade bitcoin for USD because by doing that you support the manipulators and crooked exchanges. However, what you could do is buy NuBits for your bitcoins because NuBits are always 1$ each. That way you are still supporting the cryptos and it's a nice hedge against bitcoin's decline. Oh and what is best about nubits is that you don't need to hold them on an exchange account like it is the case with USD but in your wallet instead.

Cultists, bulltards, whales, devs, early adopters and industry insiders are all dumping their stash, since they know the ponzi scheme is coming to an end. Plus: Miners got bills to pay, so they can't hold a rapidly depreciating asset. Thus they sell every coin they mine. This makes Bitcoin spiral further down, faster and faster.

No, price will not go back up. But there will probably be a few dead cat bounces along the way to zero. Expect double digit prices in a week or two, at most. That will be the time to buy "cheap coins". Still, no one will do so.

Doomsday prophet :)

You don't need to be a prophet to see a naturally occurring ponzi scheme unraveling.

All I see is people making huge profits on shorts ;)

So what can you advise me? Withdraw money now or later?

This forum is a worst place for seeking advice. Just do research yourself and make conclusion.

I do not know what determines the price of bitcoin. And i really have no time for research :(

It's hard to tell, depends on why did you get in the bitcoin in the first place. There's a possibility of a dead cat bounce/fake recovery. If it bounces back to $350 I recommend insta dump.

Those orders vary by one satoshi each. It's mostly how they're listed that makes every order look small. Exchanges couldn't be faking trades in such a was thay it would cause the price to drop so much. Part of it is real, and I think this part is 95% or so. Exchanges are supposed to be the middleman for p2p trades. If someone doesn't have the money, he won't be able to trade (MtGox is an exception). Or else the exchange would be insolvent if trades with fake coins or money were made.

Now it's bear phase and nobody knows where is the bottom. Who knows, we may hit 300 and start next rally. Just make you bet.
Those who spent on bitcoin more than they can afford to lose are now dumping in panic and suffer huge losses.

anyone buying right now is either completely blind or very bold. sells are only winers here. even if you think the price will moon later your still doing worse then if you were in fiat as it drops.

It's the lowest price of the year. It sounds logical to me that people are looking to buy now.

It is the lowest price of the year because people feel it might drop lower.  :)

Mining 1 btc cost is ~265 - 270 usd.

we will end the day with 360 - 370 again,....

It is the lowest price so far this year, however I am hoping that it moves lower so I can hopefully have the opportunity to purchase a lot of bitcoin at 2012 levels

no-one will understand the official release and whales will take advantage selling, making a beartrap like the SilkRoad 2013 trap, then people will start posting explanations that bitlicense is indeed positive and we have bubble

But you won't because you will be waiting for 2011 levels. I know the type :)

WOW.

Looks suspiciously like a troll fud thread to me...  ::)

I would be satisfied with 2012 levels. The only reason why I did not buy in 2012 was because I was not aware about bitcoin back then. I have purchased smallish amounts over the past ~18 months or so, however I would have loved to have been able to buy well under $10