falling prices

[doom309]

any ideas as to why bitcoin price has dropped so much in the last few weeks?  its getting a bit bearish imo, whats concerning me is that prices are falling across the board, litecoin has lost about a dollar, namecoin has lost about 50% in only a few weeks ...

across the board falls like this are not just volatility, or even investor/speculator sentiment on one or more particular cryptocurrency, im a bit concerned it points to some emerging problem in the entire bitcoin idea

people who think its good that price falls because they can get btc cheap should take not of the old wall st analogy of trying to catch a falling knife ...

[01BTC10]

Bitcoin is up 500% this year and Litecoin even more. What's the problem?  

[dwdoc]

Price rise was too high, too quick.  We are in a consolidation phase.

[franky1]

may's low price for the month was $79 dollars..
April's low price for the month was $50 dollars..


so junes price still being well over May's low and sticking to the $100 price area means that the price is not really worth panicking over.

relax. and as mr Miagi says: danielson finance trading, like painting fense. it always Uppp Dowwwn uppp Dowwn.

now go paint all the fense untill you realise it always the same.

and as will smith more recently said "fear and panic is only in your mind. it isnt real"

[doom309]

Bitcoin is up 500% this year and Litecoin even more. What's the problem?  

it looks like a trend change, thats the problem, bubbles like we had in march/april crash, and then recover, and the volatility keeps it up and down for a while, but its mid june now, and this has more or less settled down, but we are seeing seclining prices, across the board, in the space of under a month, like i said litecoin has shit itself by about a dollar, namecoin is tumbling, bitcoin also falling off a bit, why is this happening to more than just bitcoin?   its a bearish trend change signal to the whole cryptocurrency idea which has me concerned

[CanadianGuy]

I haven't checked the BTC price since early May, and was relieved to see the price hasn't changed at all.  

[01BTC10]

The "end" of crypto-currency.

[franky1]

worrying about the minute by minute high price changes will make your hair turn grey.

put into the prospective of the low price added to a chart and you instantly see its not as bad a scene as you first think.



the low price is what i use for the bases of natural growth.. the high price is pure speculation and profiteering.. so going by that logic i still see a healthy slow rise in the monthly price

(until the moment someone reads this and gets angry that i have cooled down the panic. and goes about on a crusade to dump the price on purpose)

[QuestionAuthority]

You need to think of the glass half full instead of half empty.

If the price completely bottomed out all the way to $2 again we would all get to buy more coins and see the Winklevoss twins on TV with some seriously brown stains on their underwear. LOL

[videos4btc]

Things crash but things also go up!

[CanadianGuy]

Things crash but things also go up!

are you tarzan?

[notme]

Nobody likes bitcoins anymore.  It turns out they were a dumb idea .

[notme]

You need to think of the glass half full instead of half empty.

If the price completely bottomed out all the way to $2 again we would all get to buy more coins and see the Winklevoss twins on TV with some seriously brown stains on their underwear. LOL

1/2 water, 1/2 air

The glass is always full.

[Frizz23]

People are losing interest.

Bitcoin was clearly a bubble in April 2013. A hype. It even made it to the mainstream media. On page one of news magazines.

In the media there is always another new bandwagon.

The crowd wants to be entertained. The crowd wants something new.

[MAbtc]

Price rise was too high, too quick.  We are in a consolidation phase.

We're past consolidation and clearly broke downward. Long slow slide time.

[Miz4r]

Price rise was too high, too quick.  We are in a consolidation phase.

We're past consolidation and clearly broke downward. Long slow slide time.

Remove the 7 small bodied red candlesticks at the end and you could as well have said we clearly broke upwards. Looks like normal oscillation around the mean to me. Until we convincingly break 88 on the downside I'm not convinced we're on a long slow slide down. This could easily reverse again.

[samson]

When we hit the long term trend line maybe it will go back up again.

[Bitbuy]

may's low price for the month was $79 dollars..
April's low price for the month was $50 dollars..


so junes price still being well over May's low and sticking to the $100 price area means that the price is not really worth panicking over.

relax. and as mr Miagi says: danielson finance trading, like painting fense. it always Uppp Dowwwn uppp Dowwn.

now go paint all the fense untill you realise it always the same.

and as will smith more recently said "fear and panic is only in your mind. it isnt real"

Quotes to live by, good Sir!

[chufchuf]

what you on about with that 'across the board' nonsense, its always been across the board, they're all practically pegged to BTC. look at franky's chart and think of how ridiculously better BTC is over gold, then dream of central banks.

[Kupsi]

People are losing interest.

I don't think so...

http://www.google.no/trends/explore?q=bitcoin#q=buy%20bitcoins&date=today%2012-m&cmpt=q