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worldinacoin (OP)
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June 07, 2013, 10:52:16 AM |
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Really drop a lot! Anyone know what happen? I don't see any unpleasant news on Bitcoin at all. In fact a lot of positive news.
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Chet
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June 07, 2013, 10:57:54 AM |
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nice time to buy  |
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Saint!
Newbie
 Offline
Activity: 46
Merit: 0
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June 07, 2013, 11:02:18 AM |
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Yeah just saw this, seem to start some time last night (UK time)
Few small sells dropping the price aggresively and then suddenly this morning boom massive sell off.
Manipulation?
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worldinacoin (OP)
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June 07, 2013, 11:03:30 AM |
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Mtgox don't accept receiving or sending of funds until you are verified. Still waiting for the verification  |
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ronaldlee0917
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June 07, 2013, 11:26:47 AM |
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Because Mr. Manipulator is back and he wants the price to go down, have a look at that beautiful 6k ask wall.
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Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin |
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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June 07, 2013, 11:45:05 AM |
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Bitpay is cashing out kncminer's pre-order bitcoin for USD, i guess that's in the magnitudes of millions of USD  |
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Saint!
Newbie
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Activity: 46
Merit: 0
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June 07, 2013, 11:50:00 AM |
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Well someone just bought a big chunk of it not sure if its going to buck the trend though.
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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June 07, 2013, 11:59:36 AM |
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Bitpay is cashing out kncminer's pre-order bitcoin for USD, i guess that's in the magnitudes of millions of USD that´s what i would call counter productive. all the millions of dollars going into mining projects in the last couple of months -- what affects could this have on the bitcoin price? |
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worldinacoin (OP)
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June 07, 2013, 12:01:00 PM |
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I guess those gigantic hashing machines operate all at once. Too much competition. But somehow or other someone will go in to support the prices. Bitcoin price drop will affect the VCs and angel capitals that have invested in Bitcoin projects and they have invested hundreds of millions.
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notme
Legendary
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Activity: 1904
Merit: 1002
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June 07, 2013, 12:05:35 PM |
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I guess those gigantic hashing machines operate all at once. Too much competition. But somehow or other someone will go in to support the prices. Bitcoin price drop will affect the VCs and angel capitals that have invested in Bitcoin projects and they have invested hundreds of millions.
And all of those millions were not converted to BTC. They are being spent on programmers, servers, and advertising. The VC's are investing USD now to earn BTC in the future. If Bitcoin price falls, they just earn more BTC when the future comes. |
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Frozenlock
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June 07, 2013, 12:06:54 PM |
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I guess those gigantic hashing machines operate all at once. Too much competition. But somehow or other someone will go in to support the prices. Bitcoin price drop will affect the VCs and angel capitals that have invested in Bitcoin projects and they have invested hundreds of millions.
No it won't. VC's invested in Bitcoin exchanges and other services, not in Bitcoin itself. The price really doesn't matter. |
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SGExodus
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June 07, 2013, 12:08:33 PM |
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Climbing back up already...
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JSMill
Newbie
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Activity: 56
Merit: 0
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June 07, 2013, 12:14:38 PM |
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Bitpay is cashing out kncminer's pre-order bitcoin for USD, i guess that's in the magnitudes of millions of USD I thought you didn't have to pay upfront for KNC's? |
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Saint!
Newbie
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Activity: 46
Merit: 0
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June 07, 2013, 01:03:02 PM |
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Climbing back up already...
ish, not falling as fast is probably a better description. |
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Welsh
Staff
Legendary
Offline
Activity: 3262
Merit: 4110
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June 07, 2013, 01:04:52 PM |
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It's a good time to buy, but WILL it drop even more is the question?
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ft73
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June 07, 2013, 01:05:04 PM |
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Climbing back up already...
Dead cat. |
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Welsh
Staff
Legendary
Offline
Activity: 3262
Merit: 4110
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June 07, 2013, 01:05:56 PM |
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Climbing back up already...
I wouldn't say it's climbing back up, it's constantly dropping and rising. |
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wopwop
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June 07, 2013, 01:07:25 PM |
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Miners are selling their day profits
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ironcross360
Full Member
Offline
Activity: 140
Merit: 100
Troll of the Fourth Reich.
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June 07, 2013, 01:08:33 PM |
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Fuck.
When do we expect it to go back up?
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Why are you just staring at this? Just send it! 1MHZjADM41ttjbPUiTPYWGYGm45XLf8ZeS
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ft73
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June 07, 2013, 01:11:39 PM |
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About buying now: try considering it this way:
* 115$ support was broken with volume
* next strong support is into 100$ area
* Bounces may be false signals, since RSI has gone undersold and has to recover.
* We're approaching weekend, when volume is low and manipulation is easy
You would buy now?
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