Does anyone know why Bitcoin is down today?

[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.