BTC a real Currency!!! Why the price drop

[i3lome]

http://rt.com/usa/bitcoin-sec-shavers-texas-231/

I see this today and notice BTC is down from $97 since last night. Whats the deal

[Mitchell]

Because of the taxes and shit. Not that I care or anything, I don't live in the USA.

[i3lome]

So would it have been better if bitcoin was not a currency? Will government regulation destroy BTC?

[Mitchell]

So would it have been better if bitcoin was not a currency? Will government regulation destroy BTC?

I doubt that they can regulate BTC, so idk. People are just freaking out atm, like always.

[BrotherOfChartBuddy]

Because it's dying!
Sell, sell, before it goes to ZERRROOO!!!

[BCB]

Because the $200M Avalon was a fake.

[DeathAndTaxes]

Correlation is not causation.  The sun also rose this morning so maybe the sun going up makes Bitcoin prices go down.  Bitcoins enjoy the night life.

[i3lome]

Because it's dying!
Sell, sell, before it goes to ZERRROOO!!!

I doubt BTC is dying. IF it dies all the other crypto becomes pointless. BTC has to many followers. People just want to make fast money, that's why they switch to the pump and dumps

[reznor]

Because it's dying!
Sell, sell, before it goes to ZERRROOO!!!

Just like fiat currency, bitcoins also have price fluctuations but it is not dying. As difficulty rises so as the price is.

If the prices of bitcoins are falling then it is good to buy some of it.

The only way to kill bitcoins is to shutdown the Internet if you know what i mean.

[Hfleer]

Well it's still up from the July low a decent amount.  Price seems to fluctuate a lot lately, it's supply and demand.

[smoothie]

In markets growth doesn't occur in one direction.

[i3lome]

I understand but I don't get it. Ive seen 15-$30 price jumps on pure speculation. It dont make since to me that proof of acceptance wouldn't make a price increase.  I guess panic drive's prices