Does anyone know why Bitcoin is down today?

[threejs]

Just curious.  Thanks.

[1715251924]

1715251924

[1715251924]

1715251924

[vanobe]

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.

[pissedoff]

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.

LOL I expected more of a "come on start selling all your coins at 1 cent" type of reply on this thread.

[iv4n]

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.

[pissedoff]

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.

[MatTheCat]

Just curious.  Thanks.

BITCOIN DOWN ON LGBT TYSON FURY PROTEST RAGE!!!


http://news.sky.com/story/1609597/tyson-fury-protest-at-sports-personality-awards

[MatTheCat]

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

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

[angryswamp]

i guess that a lot of people just started selling it

[fisheater22]

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

[a7mos]

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

[MatTheCat]

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!

[threejs]

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!

[BruceLee007]

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

[HarryKPeters]

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.

[MatTheCat]

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/

[LuckyYOU]

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

[TERA]

Satoshi dumping hard on gox.

[HarryKPeters]

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.

[Dilla]

we've been going up, then stabilized, so we went down, we'll stabilize, then go up again.

[European Central Bank]

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

[mtnsaa]

No one knows as usual, the market can be manipulated, not as easily as the altcoin one but in the pas couple of months something very weird has been happening and there's no real answer.

[talks_cheep]

I will tell you the real answer:

CHINA


They are behind EVERY rise and fall of bitcoin price movement since 2013. The reason why it's down today is because China decided it's time to dump before the end of the year, they're saying "let's take some profit off bitcoin"

I think they will keep selling and dumping until we go to 300. You're all screwed, price will stay around 300 until Feb/March 2016.

[bhokor]

Wow, -7% in a day man, it is called extreme volatility, i think lots of people are selling btc's for buy christmas gifts and too some inversors take the profits at end of year for close his balances

[threejs]

Satoshi dumping hard on gox.

Funniest comment of the day award

[Amph]

Wow, -7% in a day man, it is called extreme volatility, i think lots of people are selling btc's for buy christmas gifts and too some inversors take the profits at end of year for close his balances

7% is nothing in bitcoin world, it's the ordinary work of the market, 50% + would be considered a good swing in bitcoin

i would not be upset about those small fluctuations, they count nothing

[asa.convex]

Just curious.  Thanks.

Not sure.. I'm wondering too.

[wuvdoll]

Just curious.  Thanks.

Not sure.. I'm wondering too.

Th reason for down fall might be some people are encashing their bitcoins into fiat for getting ready for the occasions. More over a pull back is more common in a commodity trading before going forward.

[BitsandBites]

we've been going up, then stabilized, so we went down, we'll stabilize, then go up again.

Yeah I hope it will happend in january like in November and this month.
So that the price will be  stable around 500 dollars. That would be nice and hoping that it never goes down to 400 dollars again.

[jubalix]

you want some good down in an up trend....it sets more of a stable floor inmho

[asuryan180]

It is just stabilizing ,400~ will be the base price for mining profitability after halving, like it was stable around 200~ sometime ago.
a thread for every pump and every dump

[CasioK]

Just curious.  Thanks.

Not sure.. I'm wondering too.

Th reason for down fall might be some people are encashing their bitcoins into fiat for getting ready for the occasions. More over a pull back is more common in a commodity trading before going forward.

Going down and coming up are two sides of coin and every organization has to accept it. Also there's not a specific reason for downfall of btc. The reason may be users of btc are lacking interest to trust btc as its competitors aims to spread rumours about btc to be a hurdle in its growth.

[1Referee]

No one here knows beside the big guys behind the dump. It gave us a bit action yesterday and the opportunity to buy back lower. I managed to short some coins at $451 and buy them back at $430. Not the biggest profit, but still better than nothing 

[~Bitcoin~]

I don't think it is due to any fact or reason. That is pure manipulation as you can see now it is up again with lots of buying force. Bitcoin market seems very resistant to dump these days don't worry.

[gkv9]

@OP,
There are basically no reasons which can answer your question, because if there might be reasons, we must be seeing stability in markets instead of this high volatility which is just the result of manipulation of big whales and nothing...
So, just chill, relax, wait and watch the price where it goes...

[Denker]

Just curious.  Thanks.

Because the market decided to do so. More sellers than buyers I'd say.
Bitcoin goes up and down.And maybe a few people wanna take some profits to buy a few more christmas presents.
There could be several more reasons of course. However I wouldn't think too much about that.

[kwukduck]

Just curious.  Thanks.

Because there's no reason to go up... or even to be this high. The only way is down.

[KingW]

It will come back up on new years, buy all that you can now (:

[randy8777]

Just curious.  Thanks.

Because there's no reason to go up... or even to be this high. The only way is down.

the block halving is reason enough, isn't it? we are not even that high. people were easily buying when the price reached $425. they wouldn't do that if they thought the price to be high.

[budgie]

for the same reason BTC was up recently: for no reason at all

[bitlancr]

I don't think there is a specific reason for it to go down right now. Bitcoin is still hanging on, the green lines out throw the red ones.

I look at it as a chance to buy, it's not even that low.

[jt byte]

for the same reason BTC was up recently: for no reason at all

There is always a reason why it goes down. But I just don't really follow all the things about bitcoin going up or down.
For me is just aside work that I can do to just make profit. So yeah there is always a reason, but not sure what.

[kerrang]

the reason for all this dump is

China whales. 

[tn211]

What I can tell you is that bitcdoin is just a roller coaster that you don't spec that it can go down or up.
For me doesn't matter if it goes down now. I am just holding my bitcoin for a long term.

[Oscoda]

I don't really know but I am curious too. What is actually a strategy to make bitcoin go up or down??
Because if we know than I will just try my best to make bitcoin higher.

[richardsNY]

I don't really know but I am curious too. What is actually a strategy to make bitcoin go up or down??
Because if we know than I will just try my best to make bitcoin higher.

In order to be a market mover, you need a good amount of fiat. Minimum of $500K in fiat and at least 1000 Bitcoins will be a good start. If you have that kind of value to play with, then you can make the price a little bit higher.

[Alubert]

I think it is the profit taking. The recent price rose from $320 to $470. So a drop of $40 is just a small profit taking.

[7Priest7]

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.

of course that it's normal things in bitcoin world, price of bitcoin changes 4 times in day,

sometimes it rises, sometimes falls down, and everyone have no idea why, it just happens day by day, sometime because of pump and dump, no need to be afraid

[Oscoda]

It not that low know. You can see that the value is rising slowly and that is very good for those people who already has made an investment.
And we all hope that it will rise for a long time and that more people can have some profit, because of Bitcoin.