Blue_Tiger73 (OP)
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November 05, 2015, 10:08:38 AM |
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Why is the price of Bitcoin suddenly going down so rapidly.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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romjpn
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November 05, 2015, 10:11:08 AM |
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End of the bubble ? Or it's just coughing because of the auction + OkCoin having problems of access it seems.
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hopenotlate
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November 05, 2015, 10:13:20 AM |
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Maybe because last days we assisted to a suddenly going up and some "players" are taking their easy profits
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freedomno1
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November 05, 2015, 10:17:51 AM |
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Why is the price of Bitcoin suddenly going down so rapidly.
Retreading and stabilization before another rally It's in a testing range and it makes sense after the rapid rise to settle down and consolidate somewhere. |
Believing in Bitcoins and it's ability to change the world
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justbitcoins
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November 05, 2015, 10:23:26 AM |
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It is good that the price of bitcoin fell lately before a bubble is formed. We do not want another bubble.
The consolidation after dramatic price is necessary for the future price rise.
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harizen
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November 05, 2015, 10:26:55 AM |
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You think it's fail?
From $300 target by end of October then jumping to $500 yesterday then around $385 today. It's above expectation. Many expect just a small increase in the last week of October and bitcoin surprise as for a rapid increase so I think the price today is fair. Like I said in the past, stablization really needs to have a strong support. So I can't say that this price is a fail. It's a step for more stronger new floor.
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minerbit hill
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November 05, 2015, 10:29:08 AM |
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it's a fall for this session but considering the previous rates of it i.e...before china's bump it is quite better and more profitable .
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medUSA
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November 05, 2015, 10:29:11 AM |
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It's a healthy correction after the rapid rise. It's actually a good thing. Flush out the weak minded  |
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erickimani
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November 05, 2015, 10:33:07 AM |
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it is just similar to pyramid schemes. you cannot predict their progress but surely one day they will come down and be forgotten. I am no hating because I also want to trade with them.
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randy8777
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November 05, 2015, 10:45:43 AM |
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why are people even surprised because the price is going down. it's normal to see people sell coins in order to secure their profits. the price went too high for people to start building support levels. i hope $400 will be the floor the comming days.
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Nahl
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November 05, 2015, 10:48:10 AM |
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the price goes up more than $100 in a day and looks like the epic episode from bitcoin has been ended
last time i saw the bitcoin price $398 at Bitstamp
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hoian0809
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November 05, 2015, 10:50:48 AM |
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Expect some kind of manipulation, and over the moon after next year. No way this story can go without financial institutions who are experts in market manipulations. So we are ahead of one growth, big fast fall and then again rise. Just my opinion.
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harizen
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November 05, 2015, 11:00:44 AM |
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why are people even surprised because the price is going down. it's normal to see people sell coins in order to secure their profits. the price went too high for people to start building support levels. i hope $400 will be the floor the comming days.
Yeah some considered the price down as fail even without realizing that this is a success somehow. I hope so that $400 range will be the new floor to gain much stability. I hate to see below $299 value now even for buying purposes.  |
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rich93
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November 05, 2015, 11:09:42 AM |
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The auction is today, and is it only coincidence the price fell less than one day before? The price clipped $500 then fell so it might have been due to that and the auction.
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Soros Shorts
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November 05, 2015, 12:49:37 PM |
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it is just similar to pyramid schemes. you cannot predict their progress but surely one day they will come down and be forgotten. I am no hating because I also want to trade with them.
Pyramid schemes only fall once and don't recover. In fact, one large fall will unravel a pyramid scheme. This fall in price is not the first for Bitcoin and certainly not the largest. The two are just not similar at all. |
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MF Doom
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November 05, 2015, 12:53:25 PM |
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It's a healthy correction after the rapid rise. It's actually a good thing. Flush out the weak minded I was expecting a correction as well (I mean anyone who thinks $100 price jumps overnight is sustainable is crazy), but I think the way the price is moving points to serious manipulation, possibly whale manipulation, but I'mwondering if there are some exchanges participating too. |
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Abiky
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November 05, 2015, 12:57:19 PM |
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Maybe is because the massive pumps have ended? But still, I think the price is great apart from what it was like a month ago ($235). Perhaps, in the end of 2015 the price would rise between the $500 - $600 mark. I'm still holding my Bitcoin here.  |
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agustina2
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November 05, 2015, 12:59:37 PM |
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Fail at the current price today playing around $380-$390?. I don't think so. That's a big price still. Many don't expect it to happen in the last week of the Month of October. I see $350 target by end of November but yet it surpassed the target so I can consider today's price still a great increasel.  Don't rush things. We will go to the moon slowly. |
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newcripto
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November 05, 2015, 01:02:24 PM |
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I will explain this recent fall with these words''to make a big jump you need to take two steps backward'' there is not possible just one way traffic so price just can't go go up there will be many ups and downs till price will reach where they should be truly.I see it normal and expect next upwards movement in couple of days again.
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erickimani
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November 05, 2015, 01:07:51 PM |
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Bitcoin is a young economy and hence it fluctuates a lot
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