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Author Topic: Price Drop 6/2/13!?!  (Read 1555 times)
PurpleTentacle
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June 02, 2013, 03:18:06 PM
 #21

aaaand it's going down again, sadly I bought in at 124 Cry

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ondratra
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June 02, 2013, 03:23:45 PM
 #22

if someone just sold 20k he might be speculating or buying house Cheesy
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June 02, 2013, 03:39:02 PM
 #23

Every time I see the price fluctuate I look at the YTD or all time charts to get some perspective. 
Remember you don't take a loss unless you sell low.  If you bought at 130 just relax.
I bought reddit gold and some actual gold from amagi with btc over the weekend.  I immediately bought more btc to cover the cost. 
The price didn't affect the transactions at all.  It is trending up overall.
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June 02, 2013, 03:43:29 PM
 #24

Now down to $115, I can see CoinBase stopping sales claiming they are "high risk transactions". Price down another $-8 since I made this post! (-$15 for the day).

What I am saying is that if the ball gets rolling there will be no stopping its decline!!
Pajamaw
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June 02, 2013, 03:47:10 PM
 #25

Dammit that bastard couldn't have sold those yesterday? I just bought 2 for 130 haha.
Birdy
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June 02, 2013, 03:47:23 PM
 #26

What I am saying is that if the ball gets rolling there will be no stopping its decline!!

Actually this is false.
It gets easier to stop it when it goes lower as you need less money to do so.
Just like it's easier to crash it with less Btc when it's going up.
UniversalTrek
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June 02, 2013, 03:54:00 PM
 #27

Price fluctuates, dont worry about it.
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June 02, 2013, 03:58:37 PM
 #28

Looks like 115 might have been bottom for now.
PurpleTentacle
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June 02, 2013, 04:01:15 PM
 #29

Price fluctuates, dont worry about it.

Yeah, selling now would be plain dumb, the price is going to up again eventually.

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June 02, 2013, 04:32:52 PM
 #30

Someone selling 20k+ coins at once, we don't know why.
Maybe he couldn't buy the villa with Bitcoins yet.

How do you know that a 20,000 coin sell would caused the price drop of $8?
The charts show a straight line down, if it goes down in one go it was one big selloff.
Seems like there are still several smaller sell-offs going right now, if you watch them at http://bitcoinity.org/markets/mtgox/USD you can tell that those are most likely single-selloffs.
Damn that's a nice site, thanks for the link. That's what I wanted - ACTION on a lazy Sunday afternoon!
bitcoinscanada
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June 03, 2013, 01:57:35 AM
 #31

Buy low, sell high..
sabd
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June 03, 2013, 02:40:44 AM
 #32

Yes, holding seems a good option if you're like me - a pathetic excuse for a day trader. Lost 20 bitcoins so far trying to ride the highs and lows. Embarrassed

Every time I see the price fluctuate I look at the YTD or all time charts to get some perspective. 
Remember you don't take a loss unless you sell low.  If you bought at 130 just relax.
I bought reddit gold and some actual gold from amagi with btc over the weekend.  I immediately bought more btc to cover the cost. 
The price didn't affect the transactions at all.  It is trending up overall.
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June 03, 2013, 02:54:25 AM
 #33

Someone selling 20k+ coins at once, we don't know why.
Maybe he couldn't buy the villa with Bitcoins yet.

How do you know that a 20,000 coin sell would caused the price drop of $8?

There is speculation on Reddit.
Trojan
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June 03, 2013, 03:23:42 AM
 #34

Looks like 115 might have been bottom for now.
tinoki
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June 03, 2013, 04:06:24 AM
 #35

the normal up and down
Cyberclones
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June 03, 2013, 04:17:25 AM
 #36

I kind of want it to drop to $100 since I was looking at buying a little...
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June 03, 2013, 04:24:29 AM
 #37

Meh that was spare change didn't hit my buy point  Grin
BitCoinNewGuy
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June 03, 2013, 04:28:05 AM
 #38

Trojan, you have 1 post and -5 trust feedback. The hell?

Anyway, it will be interesting to see where btc goes from here...
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June 03, 2013, 04:28:22 AM
 #39

Panic sell and price fluctuation
worldinacoin
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June 03, 2013, 04:30:02 AM
 #40

It is not really a big drop, now it is at $119, BTC fluctuations are very high given the volatility, nothing to worry about.
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