Anyone know why stablecoin price is falling so fast?

There are 246 million quarks. So for it to reach the price of where litecoin is now it would have to reach $3.2

Thinking about it that looks unlikely. I take it too many people own lots of shares?

Was quark really cheap in the beginning and few people loaded up on all the shares? 

Why was stable coin removed from the list?

 I agree with everyone about not being too greedy and missing the bottom. This was my big mistake in 2011 that I regret now, but I learned from it.

Seems like the accepted and probable best low we will get is around $600. I figured a low of $300 to $500, so since I always undershoot it will be around $600 maybe even only $700.

Probably the best strategy at this point is to just sit the market out now and wait. Only buy bitcoins if its heading north for a good reason. We will probably sit back and watch it slowly keep dropping.

The speculation forum has really slowed up recently, and mt gox volume is the lowest I have seen it at only 9730 bitcoins. Seems to be dropping and dropping. The speculative boom is ending quick and many people will probably be slowly cashing out as it takes a long time getting your money from these exchanges.

Could be years before another bitcoin bubble happens.

Seems like the mods are afraid of alt-coins and how well they are doing. They probably just want to protect their bitcoin investments.

Only reason I can see them being against expanding alt-coins.

Wrong in that it will bottom lower or wrong in that it will never reach that point?

I think it could easily fall to $600. And it has fallen that low after the $1200 high.

You have to take certain things into account here. Less than a year ago bitcoin traded at $13. For most of 2012 it traded less than $13.
Now it has jumped up to crazy levels. Has the demand really increased that much? Are the buyers there to continue to pay these high prices for coins and cash out the people who want out?

New money entering into the market is definitely not the reason why the price is so high. It is ridiculously hard to get money safely into bitcoins and especially at high amounts. I know because I recently had to do it, and this was after Dwolla stopped being a way to transfer money.

The high price bitcoin reached will have many bitcoin holders hoarding their coins as the price drops and will cause the price to stay higher. This is really the hardest thing to predict for a bottom is how current holders value their coins and if they will simply just not sell them.

I am thinking if the price starts to decline more into the $700's many people will wake up and realize that bitcoin price has just reached too high and they are quickly losing their chances to cash out when the price is still ridiculously high.









 

Just wondering how you guys stay organized.

How do you keep track of all of them?

Do you write down what you paid for each coin?

Should their be a limit on how many you keep at the exchanges? Should you pull them out immediately and store them in your wallet?

Hey accord01, you wrote these reasons in another post about why you think it is going to fall. How far do you give it?

1) double top at ~1200, closing in on triple top

2) no more money coming in from china

3) latest rally/bounce overbought like crazy

4) over 7 million bought is funds from bitfinex leveraged positions going long.

5) There is absolutely not enough new money to sustain this rally...

6) heavy hitters have their fingers ready for the trigger, as well as smart bulls and all the bears.

Why is that? Because the price has been so unpredictable lately or you think it can really go either way?

Please only serious posts by bears only. I need a discussion on how far you think this price will drop.

I am slowly buying bitcoins for non-bitcoin investments that are somewhat price related to bitcoins. I am only investing in non-bitcoin investments which are still cheap even if bitcoin falls below $300.

I personally believe the price is still way too high and all the signs are pointing for a big drop. Volume is also super low which usually means further drops are coming. Bitcoin has been nothing but weak the last few days and I expected the price to be in the $700's when I woke up this morning.

How far do you think this will one go until the price finally stabilizes? I am thinking around $300-500, since I always undershoot it will probably fall in the $600's.

What are you guys thinking? Where do you see bitcoin finally falling and stabilizing at?

That's if it stays above $800. Looks weak and low volume. 

Do you think NXT is worth investing money in now?

Yup, those times were a lot different. Plus a fall from $30 to $2, when just months before bitcoin was fractions of a pennies. I mean, you literally could buy thousands for almost nothing. A $1.00 seemed to be where it would finally stabilize at. A good bet to almost double your coins than buying at $2.00.

It is easy to say now when bitcoin is $1000 a coin that I was crazy not to buy in the single digits.

The recent booms were partly because years passed and the government didn't shut it down, it didn't get hacked etc. There were all things to worry about at the time. You sure wouldn't want to throw 10K into it.

 Although, I still think the prices right now are unsustainable.

I agree, these type of wallstreet guys always meet up with their friends who are also in the same type of business.

His friends are obviously going to ask him about his type of work and show interest in it because the guy just  made fortunes with the run to $1000.

Are these other hedge fund guys really going to start putting large portions of their clients money into bitcoins, probably not.

Especially with the price of bitcoin slowly dropping from high of 1200's to now 800's. Doubtful that any of them are going to consider bitcoin a good investment when it was only $13 dollars earlier this year.

I was wondering where this information was coming from. What is 2nd market and why is it not reliable?

I find it hard to believe that any legitimate financial intuition will allow peoples retirement fund to be put into Bitcoins.

The speculation child board was created for bitcoin in 2011 after too many speculation threads were being made in other areas.

I think it is time that we have a speculation child board for alt-coins as the main board is too filled.

About 10 hours ago some user came on here and wrote a very good post about the bitcoin price falling. He listed it in about 6  reasons numbered like this giving very good facts about why the price will fall from here. Odd thing is I can't find this post?

1)
2)
3)
4)
5)
6)

Some of the reasons that I remember were that some company took a leveraged position (or maybe people used this company to take a leveraged position) into bitcoin (in the millions) and that was the reason for the recent rise.
Also other reasons of weak demand etc.

Maybe someone here remembers seeing this. Weird thing is it was one of the best analysis I have seen that explained bitcoins recent run up to $1000 which has made no sense to me.
I wanted to ask the original poster more about this company or people using a company to take a leveraged position in bitcoins.

Anyway, this post seems to have been deleted. I checked my history and checked all posts in the speculation thread and can't seem to find it. Maybe I missed it though.

Do any of you remember this?

Yup, it is looking very weak for bitcoin right now.

It never made sense to me that it rose back up to $1000 so fast. It should really be sub-500.

This recent recovery was a very weak low volume recovery.

Too many people are cashing out and they do it slowly to make sure the exchanges don't rob their bitcoins. There is no way that the demand for $1000 bitcoins is there to cash out all these people.

Think about it $1000 bitcoins, crazy.

I never said I was converting away from being a bear, especially at $1000 dollar bitcoins.