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Title: How Come Bitcoin Dropped? Post by: JudoMS on January 17, 2015, 09:28:50 AM I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now?
Title: Re: How Come Bitcoin Dropped? Post by: Quartx on January 17, 2015, 09:33:33 AM I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now? How long ago is your previously? XD Like any other currency, bitcoin is volatile to market forces. It may be $350 previously but it has since dropped to the price you see now. although it will soon stablize and rise again (I hope) Title: Re: How Come Bitcoin Dropped? Post by: Stcgold on January 17, 2015, 09:34:09 AM A Lower Price is a Better Price
dont think too hard just buy and HLOD :) Title: Re: How Come Bitcoin Dropped? Post by: JudoMS on January 17, 2015, 09:34:41 AM I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now? How long ago is your previously? XD Like any other currency, bitcoin is volatile to market forces. It may be $350 previously but it has since dropped to the price you see now. although it will soon stablize and rise again (I hope) About a month ago? :o Title: Re: How Come Bitcoin Dropped? Post by: JimClone on January 17, 2015, 10:14:13 AM Got something to do with Bitstamp losing 18k of coins and also someone dumping 50k coins.
Title: Re: How Come Bitcoin Dropped? Post by: Possum577 on January 18, 2015, 07:19:51 PM More sellers than buyers...it's as simple as that.
Title: Re: How Come Bitcoin Dropped? Post by: elephantas1 on January 18, 2015, 07:22:42 PM More sellers than buyers...it's as simple as that. and also there are a lot of dumpers who sell a lot of coins at a small amount of timeTitle: Re: How Come Bitcoin Dropped? Post by: Coinshot on January 18, 2015, 08:46:19 PM How Come Bitcoin Dropped?
Because there are more buyers than sellers 8) If you are looking for a deeper cause then its part of the natural boom bust cycle. Be ready for the next boom phase. Title: Re: How Come Bitcoin Dropped? Post by: Dread Pirate Roberts on January 18, 2015, 09:10:29 PM a lot problem on hacker and ponzi investment . make it price of market
shock trade sell Title: Re: How Come Bitcoin Dropped? Post by: Amph on January 18, 2015, 10:01:30 PM you can buy more now, this is a good thing afterall, everyone was asking for cheap bitcoin to rise his/her fortune, here you go
buy a tons now Title: Re: How Come Bitcoin Dropped? Post by: JudoMS on January 19, 2015, 02:53:31 AM Thanks for answering and some tip. It increased by about $20 now :P
Title: Re: How Come Bitcoin Dropped? Post by: tyrexs on January 19, 2015, 06:13:56 AM come under $100
Title: Re: How Come Bitcoin Dropped? Post by: edmonddantes on January 19, 2015, 06:25:38 AM Right now,banks are manipulating the price of bitcoins!
Title: Re: How Come Bitcoin Dropped? Post by: VERUMinNUMERIS on January 19, 2015, 07:03:34 AM Right now,banks are manipulating the price of bitcoins! Correct. Banks know the ETF is a done deal so they're manipulating BTC to buy up as much as they can. They're gonna make trillions over the next 3 years. Govts too. Title: Re: How Come Bitcoin Dropped? Post by: clementinal on January 19, 2015, 10:20:30 AM i dont think banks would take such a risk, though it looks like some big players are involved
Title: Re: How Come Bitcoin Dropped? Post by: Sarahiko on January 19, 2015, 10:26:05 AM Big players are always involve when it comes to bitcoin, some sell it low to compensate their falling business or just plain manipulation of the market.
Title: Re: How Come Bitcoin Dropped? Post by: LitcoinCollector on January 19, 2015, 10:31:44 AM Just keep calm and buy! :)
Title: Re: How Come Bitcoin Dropped? Post by: bitbaby on January 19, 2015, 11:47:02 AM Not really sure what is the exact cause but I am guessing it might have to do with bitstamp hack, people anticipated that it will drop the price and dumped their coins.
Title: Re: How Come Bitcoin Dropped? Post by: Q7 on January 19, 2015, 11:53:06 AM Basically it's a case of lack of fresh new fund going in to buy up the coins. New coins by miners or whoever will end up in the market. If there are more supply than demand, naturally seller will be more than willing to lower the selling price in order to conclude the sales. though this is the case, more likely I believe it is a case of manipulation by the big whales to cause bitcoin price to drop.
Title: Re: How Come Bitcoin Dropped? Post by: bornil267645 on January 19, 2015, 12:44:23 PM Well it was not of total surprise given the past history of the bitcoin. But if that's true, then it will rise up at some point given the past history of bitcoin.
Title: Re: How Come Bitcoin Dropped? Post by: SirChiko on January 19, 2015, 01:31:25 PM More sellers than buyers...it's as simple as that. and also there are a lot of dumpers who sell a lot of coins at a small amount of timeTitle: Re: How Come Bitcoin Dropped? Post by: nwfella on January 19, 2015, 05:49:58 PM People that have essentially stolen the coins they hold from others via Cloud Mining scams, HYIP, ponzi schemes and outright hack's could give two s!@# about BTC price, thus, far more selling than buying going on.
Title: Re: How Come Bitcoin Dropped? Post by: noma on January 19, 2015, 07:22:33 PM I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now? I would say panic. If you have a house worth a million and price start falling and its 800K and still expected to drop, then you would sell too. Title: Re: How Come Bitcoin Dropped? Post by: Biitcoin on January 19, 2015, 07:29:51 PM I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now? I guess that getting Bitsmap hacked played a big part on the crash of the price . so yeah ... Title: Re: How Come Bitcoin Dropped? Post by: biodieselchris on January 19, 2015, 07:35:01 PM Bitffinex alone shows a big red 3-day bar of >500k bitcoins starting Jan 13th. Somebody big is selling. Until they stop and then renewed interest in bitcoin begins anew it'll keep falling.
Title: Re: How Come Bitcoin Dropped? Post by: Nordark on January 19, 2015, 07:55:45 PM This might have contributed also https://www.cryptocoinsnews.com/bitcoin-ponzi-cryptodouble-disappears-least-2233-bitcoins/
Title: Re: How Come Bitcoin Dropped? Post by: KennyTheMartian on January 19, 2015, 09:42:38 PM Just a bunch of negatives happening around the same time which led me to believe it had an impact on the BTC price.
Negatives : Bitstamp hack, CEX stopping mining, possibly Russia situation and probably MMs. Title: Re: How Come Bitcoin Dropped? Post by: supermine on January 19, 2015, 11:28:56 PM Due to falling prices, it rises more expectation is also valid assesorator. Even if prices have been bought higher, when lower equitiy was on sale because of dollar divergencies now the prices fluctuate not as much as they did back then. I would say my bets are on a prices higher thean rising at a low rate - thus hold and sell until we go to and drop from to the moon again, then sell. BOOM BUST BABY 4EVA!!! (watch my tube - "all that stolen wallet-to-da-moon-mind-thebear-u-troll-edit")
Title: Re: How Come Bitcoin Dropped? Post by: specgamer on March 08, 2015, 02:58:23 AM A lower price for bitcoin is better for us investors. Just buy as much as you can, and HOLD.....
Wait to be rich when the price go up. ;) |