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August 09, 2015, 12:46:46 AM |
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Crushing? Yeah I agree that it is crushing toward the moon.
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Dissonance
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August 09, 2015, 01:46:48 AM |
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Because bitcoins like most assets including stocks and commodities are driven by momentum in the short to medium term trading. People buy because other people are buying. People sell because other people are selling. When a rally fizzles out and starts to go down stop losses get hit and then other people sell. That's what happen we didn't goto 300 people got out price goes down.
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jjacob
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Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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August 09, 2015, 02:40:21 AM |
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Well, a month back, it was rising sharply (supposedly on Greek fears).
Rises and crashes are a part of life.
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Jeremycoin
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𝓗𝓞𝓓𝓛
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August 09, 2015, 03:01:36 AM |
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Because we're still in 2015, just wait for next 5 years. And see what happen  |
faucet used to be profitable |
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Dire
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Crypto-Games.net: DICE and SLOT
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August 09, 2015, 03:07:19 AM |
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Why is it crashing?
"Because it is not backed by the awesome might and power of a centralized government." I like the downs as much as the ups, it goes up I feel better about the Bitcoins I have, the price goes down, I get to buy. What a wonderful world. |
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Mickeyb
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August 09, 2015, 05:53:44 AM |
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Relax, it's not crashing, it's just fluctuating a bit more than the last few days. Yesterday, 1 sell of 10,000 coins got us to about $266. This might be some Chinese miners who need to pay for their electricity. I suspect even that Ethereum launch has something to do with this. Yesterday, Ethereum got dumped to the ground, and these might be some holders that got into it a long time ago when Bitcoin was twice as price of today and now they finally sold and got out to fiat.
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zero01
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August 09, 2015, 07:09:36 AM |
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perhaps because of the many users of bitcoin and the price began to decline  |
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LiteCoinGuy
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Activity: 1148
Merit: 1014
In Satoshi I Trust
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August 09, 2015, 07:29:37 AM |
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Why is it crashing?
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tonycamp
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August 09, 2015, 07:35:26 AM |
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its not crashing its just fluctuation down into more sell then buy the offer its bigger than demand and this makes it lower in unit but the speculation also helps and the china factors into this long like passed year also help s not to be into 500 dollars a piece im might go to 200 dollars a piece but into January 2016 starts rise again
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sukamasoto
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Activity: 1148
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Black Panther
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August 09, 2015, 07:36:21 AM |
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Bitcoin's value depend on supply and demand. And about the crashing seems normal for me. At least bitcoin's value is not reaching lower than we expected. Because we're still in 2015, just wait for next 5 years. And see what happen Yeah, I still have faith on bitcoin for next year. The price will be unexpected ! |
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unusualfacts30
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August 09, 2015, 07:43:54 AM |
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Too many scam coins being created. People giving away their BTC to scammers. Scammers selling BTC for Fiat.
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bitcoinDash
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August 09, 2015, 07:51:14 AM |
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Were you around earlier this year? January?
This is just fun and games.
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LiteCoinGuy
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Activity: 1148
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In Satoshi I Trust
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August 09, 2015, 08:11:46 AM |
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Were you around earlier this year? January?
This is just fun and games.
good "old times"....this was total capitulation .... and i bought some BTC  |
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novadragon
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August 09, 2015, 08:23:44 AM |
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That's because bitcoin prices that are down dramatically this time...
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kevindurant
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August 09, 2015, 08:24:20 AM |
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Because it was on sideways for a long time. Either it moves up or down. It tried +300's so hard but fail to stay there. This crash was expected by many.
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yohanip
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A Programmer
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August 09, 2015, 08:27:06 AM |
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the price usually goes down on weekends, perhaps profit taking, perhaps selling, but yes, i think NYC has something to do with it.
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xhoneyael
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August 09, 2015, 08:41:06 AM |
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just a little price drop..its normal..
price will drop when there are many who's selling bitcoin exchange in dollar..
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Kprawn
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August 09, 2015, 08:53:25 AM |
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Price volatility is a part of Bitcoin, so for now get used to it. If you are a speculator, this should benefit you. The only people who should worry about this, would be the
merchants, who does not sell immediately after the purchase was made. Technology and modern PoS systems could adjust prices, according to the current Bitcoin price, so
this should in theory, not be a issue, if they convert to fiat immediately. {Not the best strategy, but one way to do it} Play the price in your favor and use payment
processors and you have no problems. The price was $5 a few years ago... now it's $270 ....Do you see any crash in that scenario?
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kostya.ash
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August 09, 2015, 09:11:18 AM |
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probably a lot of people leaving from bitcoin, and few are joining ?
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