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Author Topic: Why Bitcoin price Up or down today? What happened?  (Read 1330 times)
White sugar
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June 08, 2017, 05:47:55 PM
 #21

The price is sidewaysing after the push to the new ATH near $3k

Looks like the tweets from Mark Kuban ended the mini bull run and people are just bored now
JamStrong
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June 08, 2017, 08:26:19 PM
 #22

The price is sidewaysing after the push to the new ATH near $3k

Looks like the tweets from Mark Kuban ended the mini bull run and people are just bored now

Does Mark have bitcoin or something related to bitcoin? I wonder why he would tweet about bitcoin being a bubble when $3000 was so close. Or maybe it was just a coincidence
richardsNY
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June 08, 2017, 08:38:47 PM
 #23

The price is sidewaysing after the push to the new ATH near $3k

Looks like the tweets from Mark Kuban ended the mini bull run and people are just bored now

Does Mark have bitcoin or something related to bitcoin? I wonder why he would tweet about bitcoin being a bubble when $3000 was so close. Or maybe it was just a coincidence

Mark is a complete no-no. Before all this, 99% of the people here didn't know who he was, or that he had some sort of interest in Bitcoin, and now suddenly people think he is the reason behind the price going in this or that direction.... People here are a joke -- they jump on everything that comes in the news, it's really pathetic.
djgtr
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June 08, 2017, 09:25:42 PM
 #24

That's a normal situation that happens daily with bitcoin and as you do yiur trading on your few btc holding and maybe you can increase it all the time your have earnings, you should do short term tradings. You can wait until the price will bounce back again to higher price because bitcoin is really known to be possible of capability of price rise strikes, and that due to rise of the demand also. So you should stay focus and relax on your plans and goals of your investments, just let the day ends with a positive thoughts.
topper26
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June 08, 2017, 09:35:22 PM
 #25

Screw Mark Cuban he is a nob.
Jim crammer on cnbc said now bitcoin may get to 1 million ( but his reason is quite different) He claims corporations are buying large amounts of BC due to protection from ransomware and not invention. Whatever. Just as long as it keeps rising!
ModGirl
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June 08, 2017, 09:41:56 PM
 #26

The price of bitcoin depend on the demand of bitcoin. At that day the demand of it increased very high and people wanted to buy bitcoin at higher price and because of that on exchanges the price of bitcoin increased up very higher while after that a little drop is the correction of the price.
endaiin (OP)
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June 09, 2017, 04:18:07 PM
 #27

Bitcoin price today is a litle bit higher than yesterday. Maybe  segwit news become positive issue for investor.
JimboToronto
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June 09, 2017, 05:03:38 PM
 #28

Why do people always have to have a reason for daily price fluctuations?

There's a reason for the continuing long-term price rise... supply and demand. Supply of new coins is limited and decreases with every halving. Demand grows continually with ongoing global adoption. The price is bound to keep going up long-term.

Some large price dips can be attributed to events or news. Usually they are triggered by things like problems at individual exchanges such as hacks or fiat transfer problems, and exacerbated by panic selling by noobs and other weak hands.

Other large dips are simply natural corrections and profit-taking after a particularly steep rally. These are also often accompanied by panic selling.

In most cases the price recovers fairly quickly from these dips. The best thing to do is use these dips as buying opportunities.

A daily price  fluctuation of $100-$200 is just normal business-as-usual and needs no news or other reason to justify it.
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