What is happening to the price of Bitcoin?

[RKZ72]

I don't understand WHY does this have to happen to me 

[QuestionAuthority]

It's going down but that will stop when it goes back up again.

Because bad things always happen to you. Haven't you figured that out yet?

[bucktotal]

consider the dude who just bought 30k btc for what was apparently >= market price at the time (~650) 

[Melbustus]

consider the dude who just bought 30k btc for what was apparently >= market price at the time (~650) 

Consider also that Tim Draper understands bitcoin's long-term potential, as well as the fickle nature of markets, and is likely not concerned. Plus, having a net worth in the billions allows one to sit tight with greater ease as well, of course.

[Magic Of Nigeria]

just wait bro it will go up it always does.

[nuff]

To 9 posts OP, it's actually a good thing that price drops. take the opportunity now to buy more if you can afford to

[Magic Of Nigeria]

To 9 posts OP, it's actually a good thing that price drops. take the opportunity now to buy more if you can afford to

yeah and what happens if it drops another $100 in 4 days.

[bucktotal]

consider the dude who just bought 30k btc for what was apparently >= market price at the time (~650) 

Consider also that Tim Draper understands bitcoin's long-term potential, as well as the fickle nature of markets, and is likely not concerned. Plus, having a net worth in the billions allows one to sit tight with greater ease as well, of course.

if i was good with the interwebs, i would make a pic that says....

"tim draper is not concerned"

 

[falllling]

bitcoin game over, stop streaming

[nuff]

To 9 posts OP, it's actually a good thing that price drops. take the opportunity now to buy more if you can afford to

yeah and what happens if it drops another $100 in 4 days.

OP probably wasn't a member yet when price hit $350 4 months ago and shot up $680 two months later. If you're savvy enough to buy at $350 and sell at $680 then all's good innit?. It's a cycle.