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Author Topic: Does anyone know why Bitcoin is down today?  (Read 2402 times)
threejs (OP)
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December 20, 2015, 06:56:30 PM
 #1

Just curious.  Thanks.
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December 20, 2015, 08:43:05 PM
 #2

The high volume buys that pumped the price up for the last month and a half petered out. Personally I think it's because people started buying things for Xmas. Bitcoin's down because of the lack of high volume buys and the downward pressure from people selling bitcoins to buy presents.
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December 20, 2015, 08:52:18 PM
 #3

Bitcoin is down because the internet is down for maintenance. Give it a few hours. As soon as they bring the internet back up, Bitcoin will be up and running again, too. Wink
LOL I expected more of a "come on start selling all your coins at 1 cent" type of reply on this thread.
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December 20, 2015, 08:54:54 PM
 #4

Just curious.  Thanks.

Why up, why down? Normal things probably.. like everything else on market. I think this fall its not to big to be worried about. Lets just relax and see how it will be in next few days. I believe we will see 500 soon.

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December 20, 2015, 08:57:30 PM
 #5

Just curious.  Thanks.

Why up, why down? Normal things probably.. like everything else on market. I think this fall its not to big to be worried about. Lets just relax and see how it will be in next few days. I believe we will see 500 soon.
I think we might reach $500 very soon. There is only 10 days left for the year to end. Better to buy all you can afford.
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December 20, 2015, 09:05:28 PM
 #6

Just curious.  Thanks.

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December 20, 2015, 09:07:09 PM
 #7


BITCOIN RECOVERS ON MAN SAVED FROM TIGER CAGE NEWS!!!

http://news.sky.com/story/1609541/watch-man-saved-after-jumping-into-tiger-den

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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December 20, 2015, 09:09:25 PM
 #8

i guess that a lot of people just started selling it

 
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fisheater22
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December 20, 2015, 09:10:16 PM
 #9

The answer is obvious, my friends! It is the Jews! Covetous Jews, who have taken all our money and hoarded it for themselves. And hidden all the cash in some secret Jew Cave that they built, probably back in the early 60’s Angry
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December 20, 2015, 09:12:18 PM
 #10

So you call 20 dollars decline in the price as it is down ?
It is normal for bitcoin price to have more strong movements in short time. Do not be panic
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December 20, 2015, 09:13:05 PM
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So you call 20 dollars decline in the price as it is down ?
It is normal for bitcoin price to have more strong movements in short time. Do not be panic

Well Said!

The time to panic is when Bitcoin goes sub $400!

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
threejs (OP)
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December 20, 2015, 09:47:30 PM
 #12

So you call 20 dollars decline in the price as it is down ?
It is normal for bitcoin price to have more strong movements in short time. Do not be panic

Thanks to everyone who replied.  I thought it might have been something specific like Cryptsy freezing accounts or going under.  But like some said it was only 20 bucks.

Well Said!

The time to panic is when Bitcoin goes sub $400!
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December 20, 2015, 09:52:41 PM
 #13

well i actually dont know what has happened that bitcoin price was dumped that much in such a short period of time i guess the main reason why it could have happened is that people started selling and the other who saw the price drop did that too because they were afraid to loose money
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December 20, 2015, 09:54:51 PM
 #14

well i actually dont know what has happened that bitcoin price was dumped that much in such a short period of time i guess the main reason why it could have happened is that people started selling and the other who saw the price drop did that too because they were afraid to loose money

Rumours are some big whale sold some coins and people went into panic selling mode.

And so the current price is back at 440 (439 USD) now.

Either the market corrects back to 460 USD or we will see some more dumping tomorow.

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December 20, 2015, 10:25:06 PM
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well i actually dont know what has happened that bitcoin price was dumped that much in such a short period of time i guess the main reason why it could have happened is that people started selling and the other who saw the price drop did that too because they were afraid to loose money

Forget news, what about technicals!?

What about this:

https://www.tradingview.com/x/8fu1wgJ3/

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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December 20, 2015, 10:26:48 PM
 #16

Probably the whales were to impatient and were taking some profit.
And so our pump is officialy over.

Let's hope for the best and we don't retract to lower then 300 dollar

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December 20, 2015, 10:50:34 PM
 #17

Satoshi dumping hard on gox.
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December 20, 2015, 10:58:49 PM
 #18

Satoshi's coins are still untouched. So nah. It wasn't him.
Perhaps people finally  understand the current price is way to high and since it was caused by a pump, it was a good price to sell anyway.

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December 20, 2015, 11:40:09 PM
 #19

we've been going up, then stabilized, so we went down, we'll stabilize, then go up again.
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December 21, 2015, 12:45:06 AM
 #20

Why anything? Why did it go up? It's just markets breathing upwards and downwards. Nothing to get worked up about really.
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