Bitcoin have lost more than $100 in a day...

[isen]

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

[1715471723]

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[1715471723]

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[JessicaSe]

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

Yeah better to have patience and wait till the halving, as price will again start moving up when halving comes near, so hold your coins till then and sell when you see higher price.

[hasiramasenju]

this is exactly what ii'm afraid because prices rise up with pretty fast several days ago and possible too if the prices will down very fast too but i'm still holding my bitcoin and waiting for the exact moment and i wish my decision will not be wrong

[hatshepsut93]

I didn't loose a single Bitcent. All are still sitting nicely in my wallet.

Some trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case.

I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat.

ya.ya.yo!

bitcoin will be valued in fiat until you will be able to buy all your everyday stuff with bitcoin (spoiler: governments would never allow it)

[talks_cheep]

I didn't loose a single Bitcent. All are still sitting nicely in my wallet.

Some trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case.

I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat.

ya.ya.yo!

bitcoin will be valued in fiat until you will be able to buy all your everyday stuff with bitcoin (spoiler: governments would never allow it)

He was just trying to be cute, that's all, and to show his misplaced confidence in bitcoin.

Just as I had feared, btc's going back to its darkside. The Chinese pumpers have run out of newer fools with cash. It's all down hill from here, good news is it's not going to be a 2-year slog like it did before from 1200 to 200 in 2014-2015. We will only slide from 800 to 200, a few months at most. Best to buy'em on the dips, they say.

[pedrog]

The price on BTC-e is $614 as we speak. Any reason for this?

It's tuesday...

[crairezx20]

Maybe many people are selling their bitcoin in the market or the other are converting again back into ethereum. the price of ethereum is increase again back..
Don't to sell and i think the price will increase again..

[CryptoBjorn]

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

The day after tomorrow is Brexit, some Currency guru's said that Brexit will happen so maybe the die hard investors want to quickly short the GBP so they can make some good cash on it.
Else I can't explain a decrease of over 100 dollars.

(665 US dollar now)

[AsaroUk]

The price will indeed increase again in about a few weeks, its gonna take some time before it will again.
Its just a matter of time before it will, the halving will also help us to let it increase this year.

[Netpyder]

654 i am expecting 550 before a rise to 850 then decrease back to 650 and sit there. imho

[steven0021]

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

The day after tomorrow is Brexit, some Currency guru's said that Brexit will happen so maybe the die hard investors want to quickly short the GBP so they can make some good cash on it.
Else I can't explain a decrease of over 100 dollars.

(665 US dollar now)

News that brexit will happen and people shorting GBP = Bitcoin price drop? Where did you get that from? If anything the price should've raised because of those news

[glendall]

Maybe many people are selling their bitcoin in the market or the other are converting again back into ethereum. the price of ethereum is increase again back..
Don't to sell and i think the price will increase again..

Don't think that is it, for the simple reason that it is much easier to acquire ETH by trading your BTC for it, not selling your BTC than transferring money than buying ETH with USD.

[gtglener]

It is only a short time drop and I sure that within a week or two we will see again a faster rise in the price of bitcoin and once again the train will start and we all will be benefited with the profit of halving.

[~Bitcoin~]

The price on BTC-e is $614 as we speak. Any reason for this?

I don't see any reason for this panic dump, people may have thought bitfinex will have same issue like cryptsy or mtgox and start dumping whatever coin they have. This price could be good point to buy back as we may see 100$ pump tomorrow again to go over 800$.

[chaosknight]

The price on BTC-e is $614 as we speak. Any reason for this?

I don't see any reason for this panic dump, people may have thought bitfinex will have same issue like cryptsy or mtgox and start dumping whatever coin they have. This price could be good point to buy back as we may see 100$ pump tomorrow again to go over 800$.

Yes and I am eagerly waiting to see the price of $800 so I can sell some coins and collect some good profits from it, but I think it will take some more time to reach there.

[pawel7777]

I also think that the price drop has to do with the upcoming britain leaving europe possibility.

How would that be related? I could find arguments for brexit to drive BTC price up not down.

Upcoming is the referendum, which is non-binding anyway. Even if 'Leave' wins, the exit wouldn't happen any time soon.

[randy8777]

The price on BTC-e is $614 as we speak. Any reason for this?

I don't see any reason for this panic dump, people may have thought bitfinex will have same issue like cryptsy or mtgox and start dumping whatever coin they have. This price could be good point to buy back as we may see 100$ pump tomorrow again to go over 800$.

people nowadays are very sensitive when it comes to exchanges going down. they directly start thinking negative and start dumping as result. bitfinex is up and running again. i think we'll definitely get to see a good pump before the block halving. chances to see $1000 prices before the block halving have gone down, but even reaching $800 would make a lot people happy.

[TraderETH]

Today is trend down for bitcoin and it is not problem the price is always fluctuating. It is chance to take profit 

[glendall]

Yup, today is a good day to buy. 

I feel like a moron for not taking my own advice on Friday and buying coins way higher than I should. But not panicking yet, as I think 800 is more likely than 600 in two weeks.  Enough time for gains for my shirt to re-threaded and recomposed.

[mrhelpful]

This is totally a buy back in day.

To anyone who missed out prior before it rises again towards $800 I say this is a good bargain.

Prices can go back and I wouldnt heavily rely on btc-e to dictate the price. I would look at bitstamp and the chinese exchange more.