wtf is going on?!

[BillyBobZorton]

Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

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[uki]

Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

I don't agree. Currently the main force behind any price movement in Bitcoin, either up or down, is speculation. Therefore, it shouldn't surprise anyone if out of a sudden we start losing $50 in less than a day. Same as the movement in the opposite direction. The only question is, the size of the pocket of the whale who decided to manipulate the price this current time.

[jod_doj]

bitcoin price is kinda fluctuating right now, but i can see a lot of positive tendencies as the price is going up

[xslugx]

Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

I don't agree. Currently the main force behind any price movement in Bitcoin, either up or down, is speculation. Therefore, it shouldn't surprise anyone if out of a sudden we start losing $50 in less than a day. Same as the movement in the opposite direction. The only question is, the size of the pocket of the whale who decided to manipulate the price this current time.

Well right now it's more the down of Chinese currency that's backing the bitcoin rise

[richardsNY]

bitcoin price is kinda fluctuating right now, but i can see a lot of positive tendencies as the price is going up

The Bitcoin price has been fluctuating since its first exchange listing. It's just normal as people are used to it nowadays. Those who aren't used to it will most likely panic when they see a sharp dump.

[yugo23]

bitcoin price is kinda fluctuating right now, but i can see a lot of positive tendencies as the price is going up

The Bitcoin price has been fluctuating since its first exchange listing. It's just normal as people are used to it nowadays. Those who aren't used to it will most likely panic when they see a sharp dump.

Still fluctuation is most of the time linked to something specific!

[Moneyburner]

Just regular volatility... we've actually been pretty sideways since we lasthit $500

[DrLove2048]

I think a big push from the ETH gains are coming in as well, not all of it but some of the reason

[yugo23]

Just regular volatility... we've actually been pretty sideways since we lasthit $500

Doesn't seem like simple volatility no, much more upper trend than normal volatility

[uki]

Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

I don't agree. Currently the main force behind any price movement in Bitcoin, either up or down, is speculation. Therefore, it shouldn't surprise anyone if out of a sudden we start losing $50 in less than a day. Same as the movement in the opposite direction. The only question is, the size of the pocket of the whale who decided to manipulate the price this current time.

Well right now it's more the down of Chinese currency that's backing the bitcoin rise

that is a good point actually. Chinese do not need further recommendations to get into Bitcoin, as soon as their economy experiences further difficulties. So one may eventually count on new money flowing into Bitcoin. They would be interesting in getting at the lowest price possible, though.

[Watercooler]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price 

[MatTheCat]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price 

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

[--Encrypted--]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price  

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

or, they can choose to hold btc because it is rising. people don't always dump to fiat.

[1Referee]

I think a big push from the ETH gains are coming in as well, not all of it but some of the reason

What you mean with comming in as well? The profits in ETH are mostly all in BTC, so how can it affect the price other than for the bad?

[MatTheCat]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price  

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

or, they can choose to hold btc because it is rising. people don't always dump to fiat.

Yes.....but you miss the point. People coming out of ETH and into BTC, aint gonna make BTC rise against the USD. Folks putting BTC into ETH, already exchanged thier USD for BTC.

[--Encrypted--]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price  

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

or, they can choose to hold btc because it is rising. people don't always dump to fiat.

Yes.....but you miss the point. People coming out of ETH and into BTC, aint gonna make BTC rise against the USD. Folks putting BTC into ETH, already exchanged thier USD for BTC.

ahhh. damn how did I overlook that simple fact?   it does make sense that btc/eth trades will only affect btc/eth price and not btc/usd. it was so basic, I'm feeling a bit stupid now.

[Yanisumin]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price 

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

But the Ethereum/BTC volume is too small to affect the bitcoin price. The recent bitcoin price is affected by the block size issue.

[tommorisonwebdesign]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price 

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

But the Ethereum/BTC volume is too small to affect the bitcoin price. The recent bitcoin price is affected by the block size issue.

I don't even think that's the best way to make any money. It's like gambling. What if you bought BTC thinking it's going to go up then it goes down?

[Gasotard]

bitcoin price is kinda fluctuating right now, but i can see a lot of positive tendencies as the price is going up

I see more media reports about the bitcoin and other digital currencies. It will take some time for bitcoin to be used widely.

[electronicash]

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price 

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

But the Ethereum/BTC volume is too small to affect the bitcoin price. The recent bitcoin price is affected by the block size issue.

I don't even think that's the best way to make any money. It's like gambling. What if you bought BTC thinking it's going to go up then it goes down?

it does mean that ETH's value still depend on BTC just like the rest of the alt coins.

if btc goes down then theres nothing left to do but wonder and wait till it goes up again