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Author Topic: Will we fall back to less than $300 again? Why?  (Read 1767 times)
jacee
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November 11, 2015, 12:11:24 AM
 #1

So I noticed we dropped to $330 this morning when I woke up. I wasn't expecting for the price to go up but definitely I'm not hoping it would go any lower but to my surprise I didn't noticed that it was about to fall.

So are we falling back again? What's causing this?
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November 11, 2015, 12:14:14 AM
 #2

The CEO of Blockchain is telling anyone who'll listen that we're going back to $250.

Why: because the run-up was almost certainly due to Mavrodi's MMM Global Republic of Bitcoin pyramid scheme.

I guess.

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November 11, 2015, 01:32:37 AM
 #3

The CEO of Blockchain is telling anyone who'll listen that we're going back to $250.

Why: because the run-up was almost certainly due to Mavrodi's MMM Global Republic of Bitcoin pyramid scheme.

I guess.
Good joke with Mavroni,people always are looking for seme explanation.There is no demand for now,it could be also speculative movedown,becouse btc auction finished.Maybe USA authorities  were pumping to get better price from auction

Btc is still like altcoin,pumped and dumped


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cptdome1
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November 11, 2015, 01:34:40 AM
 #4

Going back to 300 today.  Reason: more sellers than buyers
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November 11, 2015, 01:48:09 AM
 #5

My guess would be 250~270USD.
This year bitcoins have stabilised more or less, so I guess the price would at here.

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November 11, 2015, 02:37:10 AM
 #6

We close now to $300, i hope bitcoin no going under $300. No reason and i cant explain how bitcoin price fall like this
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November 11, 2015, 02:43:20 AM
 #7

We close now to $300, i hope bitcoin no going under $300. No reason and i cant explain how bitcoin price fall like this

Reason is more sellers than buyers.  Why would anyone want to buy when Bitcoin crashing hard??
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November 11, 2015, 02:46:23 AM
 #8

I hope it will go back to 250ish and stay there for a bit. I need to rebuy and my paycheck should arrive in about a week or so.
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November 11, 2015, 02:51:40 AM
 #9

I guess the Chinese are not so desperate for bitcoins after all.  Every time bitcoin rockets upwards in value we have a chorus of 'It's the Chinese!' and 'they need bitcoin to smuggle millions of dollars abroad'.  Why would Chinese desperately need bitcoins a few days ago and suddenly not need them any more?

Let's face it, we all pile onto a bubble and buy, then flee and dump when it blows.  This is no different.

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November 11, 2015, 02:57:02 AM
 #10

Let's face it, we all pile onto a bubble and buy, then flee and dump when it blows.  This is no different.

Sad but true... I think it would make Satoshi a little sad....

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November 11, 2015, 08:37:39 AM
 #11

"dropped"...

it should be said that hit back to $300, we never stand on mountains stably

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BitMaxz
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November 11, 2015, 08:51:47 AM
 #12

Sadly still the price falling down. Update price is $324.
Still searching for the answer why bitcoin price going down like a meteor.
What happens to our predict that the price will be rise to $1200?

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November 11, 2015, 09:03:42 AM
 #13

1. Yes
2. There is no answer to this question. There was no reason for a jump to $500, there will be no reason for the fall below $200. Reasonless trading @ it's best Tongue
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November 11, 2015, 09:10:09 AM
 #14

The price fell to $300 a few moments ago. It could go below $300 for some time. The reason could be the collapse of MMM Ponzi scheme or other negative events.
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November 11, 2015, 09:13:01 AM
 #15

Sadly still the price falling down. Update price is $324.
Still searching for the answer why bitcoin price going down like a meteor.
What happens to our predict that the price will be rise to $1200?

Sooner or later it will, just not right now Smiley. This spike last week was nice and profitable enough, I'm looking forward for the next one Smiley.
Maybe this upsurge was partly or entirely unrelated to the latest Chinese capital control rules, and there's a lot less buy pressure then we are expected.
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November 11, 2015, 09:16:34 AM
 #16

Unlikely to drop below 300. The point of these dumps is to establish a floor, and it looks like 300 is it. If we stay above that another pump is inevitable, and it will go higher.

There is no bubble.
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November 11, 2015, 09:20:34 AM
 #17

The price fell to $300 a few moments ago. It could go below $300 for some time. The reason could be the collapse of MMM Ponzi scheme or other negative events.
Yeah i think this is one of the reason why bitcoin price dropped and its damaging image of bitcoin.

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November 11, 2015, 09:46:40 AM
 #18

few hours ago the bitcoin price around $307-$310 but the current price now $320 i think this is a good news
and probably until tomorrow the price look stable above $300

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November 11, 2015, 10:32:05 AM
 #19

We are falling back to 300 because people who want to buy want to do it at lower prices, and people who want to sell want to do it fast. If you want to buy and prices are going down you will wait for a better price. Normaly when prices are going down you want to sell fast. Normal people loose money, and traders earns a lot.
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November 11, 2015, 10:37:20 AM
 #20

We close now to $300, i hope bitcoin no going under $300. No reason and i cant explain how bitcoin price fall like this

Reason is more sellers than buyers.  Why would anyone want to buy when Bitcoin crashing hard??

Why buy now? Because it is always best to buy when others are selling maybe? Much more potential gains due to cheap coins to pick up.

Also the strategy of worlds greatest investors. Don't be part of the herd, be in front of the herd.

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