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Bitcoin Forum > Economy > Economics > Speculation > Why market going downward after such good news like "expedia accepted btc" = =
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Author Topic: Why market going downward after such good news like "expedia accepted btc" = =  (Read 1160 times)
opsgame (OP)
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June 12, 2014, 07:41:32 AM
 #1
 Huh Huh Huh
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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blatchcorn
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June 12, 2014, 07:48:47 AM
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The market generally ignores a good news story until there has been a huge build-up, then the market decides it should correct itself after ignoring all this good news.
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June 12, 2014, 08:02:05 AM
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a full market crushing to $5xx and $4xx is coming very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, $6xx is already the top bubble
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June 12, 2014, 08:02:31 AM
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Because the price is not a numeric measurement of the current strength of the news - it is much more complicated than that as bitcoin is a decentralized commodity/currency.
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June 12, 2014, 08:10:01 AM
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The rally was caused by insiders and now they are realizing their profits Smiley
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June 12, 2014, 08:11:51 AM
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Quote from: zby on June 12, 2014, 08:10:01 AM
The rally was caused by insiders and now they are realizing their profits Smiley

I like that one, that or the market is going down because a lot more people will be converting Bitcoins to Fiat to rent hotels
In other words a short term speculation at the cost of long term benefit
Believing in Bitcoins and it's ability to change the world
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June 12, 2014, 08:16:49 AM
 #7
We went from $440 to $670 in 2 weeks. It is time for a correction. Expedia had nothing to do with it.
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