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Author Topic: Why is the price dropping?  (Read 7862 times)
wikenpp
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August 28, 2016, 06:28:48 PM
 #141

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...
It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

For the people who are waiting since the 2013 rise it will be a long waiting time, although I am certain in time the price will  get high, but when you compare the price to 1 month back it's sad to see the hack did bring it so low. Even lower after this weekend.
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August 28, 2016, 07:13:36 PM
 #142

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...
It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

the problem with a lot people here is that they only look at short term charts. there looking, these people think the price is going downwards. if they ever take the effort to open charts longer than just 1 or 2 months, then they will indeed see an impressive rush to where we are now. and looking at that, it makes me happy as it can be seen as quite an achievement.
That is exactly my point. People should do a bit of their own due research before making such statements. Price is going up and down, there is never straight highway just up or just down. The long term is definitely rising.

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iv4n
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August 28, 2016, 07:41:28 PM
 #143

I don't know exactly why price is dropping, and reading comments I get no one here have correct answer on this question. After rise, price is consolidating on some point and maybe cause of that price drops sometimes. Also pump of the price can be reason of falling. I'm not sure will price of bitcoin ever be stable luke we expect to be.
Price will rise and fall, fluctuations are something wecan expect in future. Who knows when price will be stable, until then we can just guess about reasons of rise or fall.

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uki
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August 28, 2016, 08:15:33 PM
 #144

I don't know exactly why price is dropping, and reading comments I get no one here have correct answer on this question. After rise, price is consolidating on some point and maybe cause of that price drops sometimes. Also pump of the price can be reason of falling. I'm not sure will price of bitcoin ever be stable luke we expect to be.
Price will rise and fall, fluctuations are something wecan expect in future. Who knows when price will be stable, until then we can just guess about reasons of rise or fall.
It is actually the other way around. The price fluctuates widely because there is a lot of speculation behind it, aka pump and dump. That is the reason why many people have heard about Bitcoin and that is why many decided to put their fiat money in it. Not having these wild fluctuations Bitcoin would be as attractive as bonds for example and I guess much less would stay in the pits.

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angaper
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August 28, 2016, 08:31:15 PM
 #145

I don't know why people is still answering this thread that was opened in January, before the pump of May-June. This thread has lost validity, so it should be closed.
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August 28, 2016, 08:55:53 PM
 #146

I don't know why people is still answering this thread that was opened in January, before the pump of May-June. This thread has lost validity, so it should be closed.

Well, since the majority of the people only read titles, this thread is still related to the current circumstances where the price is indeed going down.
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August 28, 2016, 09:23:38 PM
 #147

Chinese miners, for your own betterment, expell Blockstream as soon as possible, or you will be left with tons of investments into useless hardware. Monero and Ethereum are coming to chop the Bitcoin's head off.

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August 29, 2016, 07:55:58 AM
 #148

Chinese miners, for your own betterment, expell Blockstream as soon as possible, or you will be left with tons of investments into useless hardware. Monero and Ethereum are coming to chop the Bitcoin's head off.
Bitcoin'd head was supposed to be rolling many times already, but it didn't. the answer is simple: network effect. it will be very hard to dethrone Bitcoin and if this happens at all it must be some game-changing breakout in technology. Whether Mondeo and ETH have it, I doubt it.

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Ethalir
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August 29, 2016, 10:55:46 AM
 #149

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know
I have been familiar with bitcoin with all these ups and downs,

If the price doesn't change for a while then I'm surprised Tongue

I'm just surprised about the DOGE altcoin which increased dramatically these days after few months dying.
Prices of the bitcoin are always dropping a little bit but off course not much there will also be a price rise off course and most of the time i can tell you that will be more than when the price of the bitcoin is dropping. So dont be scared that the coin will drop allot because he wont for sure!
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August 29, 2016, 12:22:25 PM
 #150

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know
I have been familiar with bitcoin with all these ups and downs,

If the price doesn't change for a while then I'm surprised Tongue

I'm just surprised about the DOGE altcoin which increased dramatically these days after few months dying.
Prices of the bitcoin are always dropping in some point but he will also rise sometimes it depends about how many people are actually using the bitcoins and the rest
of the peopel are just holding bitcoins by more holding the price will drop allot but when we are all using the coin everyday the price will only rise positive.
warwar
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August 29, 2016, 12:32:33 PM
 #151

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know
I have been familiar with bitcoin with all these ups and downs,

If the price doesn't change for a while then I'm surprised Tongue

I'm just surprised about the DOGE altcoin which increased dramatically these days after few months dying.
Prices of the bitcoin are always dropping a little bit but off course not much there will also be a price rise off course and most of the time i can tell you that will be more than when the price of the bitcoin is dropping. So dont be scared that the coin will drop allot because he wont for sure!

Nothing to be scared off. Right! You should scared if the price of the bitcoin is 1$ hahaha but that aint gonna happen Cheesy That is the bitcoin is! Unpredictable price real characteristics Cheesy. Bitcoin tell us to buy more bitcoin because its price is too low so something that bitcoin is saying buy more ! Cheesy
tn211
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August 29, 2016, 02:52:56 PM
 #152

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know
I have been familiar with bitcoin with all these ups and downs,

If the price doesn't change for a while then I'm surprised Tongue

I'm just surprised about the DOGE altcoin which increased dramatically these days after few months dying.

You are right, but I even think we do not need to wait for such long times in my opinion, the halving will let the price go to a higher amount for sure.The only thing I'm hoping for is that the price will get stable on a moment but this will take time for sure, it will not gt stable anytime soon.
Altcoinmoney
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August 29, 2016, 03:13:56 PM
 #153

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know
I have been familiar with bitcoin with all these ups and downs,

If the price doesn't change for a while then I'm surprised Tongue

I'm just surprised about the DOGE altcoin which increased dramatically these days after few months dying.
\The price is always rising and dropping you cant do anything about it because you dont own all of the coins you know if everybody is keeping the coins rolling than the price will rise allot. But there are to many people who are just holding and holding and trhat is not good for the price you know.
bitcoin-hunter
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August 29, 2016, 03:29:43 PM
 #154

prices of the bitcoins are always dropping and that is only because there are so many people who are just holding that stupid coin you need to let them roll and not just holding them to wait for a rise because it wont.
setupbounds
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August 29, 2016, 07:01:12 PM
 #155

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know
I have been familiar with bitcoin with all these ups and downs,

If the price doesn't change for a while then I'm surprised Tongue

I'm just surprised about the DOGE altcoin which increased dramatically these days after few months dying.
Prices of the bitcoin are always dropping a little bit but off course not much there will also be a price rise off course and most of the time i can tell you that will be more than when the price of the bitcoin is dropping. So dont be scared that the coin will drop allot because he wont for sure!

Nothing to be scared off. Right! You should scared if the price of the bitcoin is 1$ hahaha but that aint gonna happen Cheesy That is the bitcoin is! Unpredictable price real characteristics Cheesy. Bitcoin tell us to buy more bitcoin because its price is too low so something that bitcoin is saying buy more ! Cheesy
How sure are you that bitcoin isn't going to drop in price by 'alot'? Because it has happened before, and there's no guarantee that it won't happen again. Actually, it just happened a month ago and now the price is hanging. It's actually something to be afraid of if you're an investor since your profits would depend on whether bitcoin goes up in value or not.
StoreBit
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August 29, 2016, 09:41:13 PM
 #156

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...
It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

the problem with a lot people here is that they only look at short term charts. there looking, these people think the price is going downwards. if they ever take the effort to open charts longer than just 1 or 2 months, then they will indeed see an impressive rush to where we are now. and looking at that, it makes me happy as it can be seen as quite an achievement.
That is exactly my point. People should do a bit of their own due research before making such statements. Price is going up and down, there is never straight highway just up or just down. The long term is definitely rising.
i think the price of bitcoin is not dropping any more. because it is trading in a very lowest price, and hope that very soon it will start rising once again. and will cross 1000 USD. hope bitcoin will really give us good profit.
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August 30, 2016, 01:04:55 AM
 #157

bitcoin price movements can go up and down very quickly. some of the factors that caused prices to decline bitcoin bitcoin is no issue about the weakening in the market. like conditions hack exchange some time to happen. market confidence will decline.
savetherainforest
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August 30, 2016, 03:39:13 AM
 #158

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know

... Oh... Ok... This was made in January! ...  Cheesy  Cheesy  Cheesy

But we may probably have 1 more week of sideways then we get pumps! (yes... with an "-s" .. plural...!!!)
DomesticTrader
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August 30, 2016, 07:35:32 AM
 #159

The price is not only dropping it will also rise again but for now the price wont come higher than the 600 dollar because there are to many people just holding their coins and you all need to spent some of them to earn a nice price of the coin.
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August 30, 2016, 12:49:33 PM
 #160

bitcoin price movements can go up and down very quickly. some of the factors that caused prices to decline bitcoin bitcoin is no issue about the weakening in the market. like conditions hack exchange some time to happen. market confidence will decline.
when hacker has attacking the exchange would have caused panic to the holders who do not have more funds but for the holders who have more funds they do not need to sell bitcoin instead they will buy more when prices fall.

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