[2014-08-19] Bitcoin Price is Record Low: The Best Time to Buy Bitcoins?

[zakoliverz]

http://www.cryptocoinsnews.com/news/bitcoin-price-record-low-best-time-buy-bitcoins/2014/08/18

In the last week we have witnessed sell orders of more than 1000 bitcoins at a time pushing the Bitcoin price downwards. The Bitcoin price has fallen from a stable 590 USD per Bitcoin (August 10th) to now 450 USD per Bitcoin. There have been no recent negative news or happenings that could explain the big sell offs, and one might start to wonder.

[CoinMode]

I wish I had some money to buy more coins right now. Margin trading flash crash that is totally unrelated to fundamentals? SCORE!

[gmx95]

I think it may fall further down to $300 range.

[bitbets]

Your title isn't right.

Current price of bitcoin is not a record low.

[LiteCoinGuy]

Could be a good time to buy some BTC

[Kprawn]

Well, if you did, you would double your investment, in a few months from now.

As for records low price, I would strongly disagree with that.  Have a look at the statistics on blockchain.info and look closer at the transaction volumes. {Record levels}

So there are loads of eCommerce going on in the background, just not sure, if it's hoard coins going, or coins being converted to fiat.

If it's conversion to fiat, it would explain the drop in price. {Over supply}

[cr1776]

Your title isn't right.

Current price of bitcoin is not a record low.

Yeah, what is up with "Record Low".  This is nowhere near a record low.