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Author Topic: Any word on why Bitcoin has dropped 30% in the last 3 or 4 days???  (Read 4934 times)
Hippie Tech
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July 03, 2013, 11:32:42 PM
 #21

Is this just the next part of the ongoing plan to centralize BTC ?

DING DING DING !!! CORRECT ANSWER. Tongue

In a way, I predicted this over a month ago, btw.

After that, the code will be written and the asics will ravage the alts.

HT xD

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Crypt_Current
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July 03, 2013, 11:33:11 PM
 #22

The neverending mess with those exchanges is one major issue that is causing alot of skepitcism.


Yes.  Where are all the VCs that are supposedly pouring money into creating better exchanges and infrastructure?  We need them NOW!

notice network hashrate > 200 TH ... THAT's where VC $ is going.

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July 03, 2013, 11:33:20 PM
 #23

It's all good since I'm about to do some buying

I'm grumpy!!
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July 03, 2013, 11:38:02 PM
 #24

The neverending mess with those exchanges is one major issue that is causing alot of skepitcism.


Yes.  Where are all the VCs that are supposedly pouring money into creating better exchanges and infrastructure?  We need them NOW!
It doesn't work that quickly, singularity simply doesn't happen and even though things are built, it changes nothing about the bear market. Same as 2011.
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July 03, 2013, 11:44:03 PM
 #25

We've had a bubble and now it's deflating.

Stop using Xrumer.
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July 03, 2013, 11:46:03 PM
 #26

We've had a bubble and now it's deflating.

Stop using Xrumer.
I'm not. Why would I answer the same question differently in essence multiple times?

It's a simple fact, we had a speculative bubble where people chased gains and now this bubble is deflating so we return to more sensible prices.
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July 03, 2013, 11:47:31 PM
 #27

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

฿: 1L7dSte4Rs4KyyxRCgrqSWYtkXdAb4Gy1z

MORE INFO ABOUT ME: BTC
N12
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July 03, 2013, 11:48:23 PM
 #28

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...
I'm all for Bitcoin and I'm a long-term bull. I'm against making stupid financial decisions however.

Also, proudhon is a long-term bull too (and has always been).
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July 03, 2013, 11:49:20 PM
 #29

Dunno, I think a bunch of people are buying LTC. They'll buy BTC back after LTC hits Gox. That plus the Gox withdrawal issues and the lack of recent good press.


Resistance is futile. Embrace cryptocurrencies.
Hippie Tech
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July 03, 2013, 11:52:29 PM
 #30

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

No. Its called being realistic and honest.

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July 03, 2013, 11:52:54 PM
 #31

If the Gox withdrawal issues are fixed, we should see a good spike in price I would imagine.  People are anxious about that I think.

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July 04, 2013, 12:02:42 AM
 #32

People see price going down, panic sell, causing price to go down even more, more panic selling, rinse and repeat. No fundamental reason behind it, it's pure speculation.
It was the same on the way up to $266.
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July 04, 2013, 12:10:10 AM
 #33

People see price going down, panic sell, causing price to go down even more, more panic selling, rinse and repeat. No fundamental reason behind it, it's pure speculation.
It was the same on the way up to $266.
Precisely. It's too funny that people somehow don't acknowledge that explanation and rather seek some "news" to explain things.
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July 04, 2013, 12:10:32 AM
 #34

It was more fun on the way up to $266  Tongue
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July 04, 2013, 12:14:29 AM
 #35

If the Gox withdrawal issues are fixed, we should see a good spike in price I would imagine.  People are anxious about that I think.

Why? If those issues are fixed, everybody will expect the next issues incoming. Its all about TRUST. And lost trust isnt restored just by taking care of some existing issues.

To rebuild necessary trust again a prolonged period of time with NO ADDITIONAL issues is needed.
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July 04, 2013, 12:16:43 AM
 #36

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...
You people are crazy.
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July 04, 2013, 12:54:01 AM
 #37


-> Economy/Speculation

Thats where those discussions are located.

Why? I would say. 60% pure psychology. 40% problems surrounding mtGox.

Well said!
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July 04, 2013, 01:31:38 AM
 #38

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

Don't forget proudhon turned out to be a tranny, finally admitting all tearful that he was a bull and that his bearishness was just the final desperate act of a contrarian.
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July 04, 2013, 01:33:04 AM
 #39

It was more fun on the way up to $266  Tongue

Way more fun!  Grin

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July 04, 2013, 01:34:52 AM
 #40

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

Don't forget proudhon turned out to be a tranny, finally admitting all tearful that he was a bull and that his bearishness was just the final desperate act of a contrarian.

i'm glad he made all the money he did, really a refreshing guy to have around. jaroslaw had big shoes to fill
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