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Author Topic: Why bitcoin price dropped ?  (Read 5331 times)
Anon136
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July 13, 2013, 11:30:57 PM
 #81

Market being flooded with coins resulting from the difficulty readjustment lagging behind the increase in hashing power resulting from the release of new asic technologies. Thats my theory at-least.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
BuySellCrypto
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July 28, 2013, 05:55:21 PM
 #82

Because of many sellers
MyBestCoin
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July 28, 2013, 07:25:16 PM
 #83

Because increase of sellers... Huh
easyman
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July 28, 2013, 09:38:38 PM
 #84

bitcoin price is chillin
Alicia90
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July 28, 2013, 11:04:45 PM
 #85

slowly rising, might be due for a crash soon
BestAltCoin
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July 29, 2013, 02:03:40 PM
 #86

BTC price dropped for ASICS miners.
piotars_kbw
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July 29, 2013, 02:47:40 PM
 #87

To many sellers.
childress330
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July 29, 2013, 03:37:44 PM
 #88

Every miners selling their coins instantly.
mzbignev77
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July 29, 2013, 04:04:12 PM
 #89

Every miners selling their coins instantly.
Absolutely.  It`s economics.
boatase
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July 29, 2013, 07:54:56 PM
 #90

Because bitcoins are based on random speculation so they will increase and decrease as their perceived value increases and decreases.
CryptoChamp
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July 30, 2013, 02:42:31 PM
 #91

Because we lost our confident on BTC.
icm_24
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July 30, 2013, 03:04:34 PM
 #92

Personally i think the volatility is a boon. I do get pissed when I miss out on an opportunity but at the same time that's the name of the game. It's the up and down that makes trading in BTC so viable. If it were as stable as other currencies or trading assets then there would be far less trading and transactions with BTC. People don't trade stable assets, they trade when the value goes up or down so the volatility, I think, is what makes BTC such a great commodity.
BuyBTC4
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August 01, 2013, 10:19:11 PM
 #93

ASICs miners did it.
Litecoin4me
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August 02, 2013, 10:43:50 AM
 #94

Bitcoin price dropped for hit high again.
CoinsStock
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August 02, 2013, 01:54:08 PM
 #95

There are many peoples selling bitcoin so they price goes down.
YourCoins4me
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August 03, 2013, 08:23:45 PM
 #96

It's dropped for new buyers. We want to buy some coins with cheap rate.
aephyr4
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August 10, 2013, 07:39:35 PM
 #97

It will hit $200 again. But we have to wait few months.
BuyBTC4
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August 10, 2013, 11:53:49 PM
 #98

BTC dropped for huge miners and many new mining devices.
j03
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August 11, 2013, 02:59:30 AM
 #99

It's quite stable recently actually (see below). Not sure why it dropped back in April, I'm a n00b after all.

http://thegenesisblock.com/bitcoin-volatility-and-volume-approach-2013-lows-despite-compromised-security-of-tor-browser/
http://bitcoinmagazine.com/is-100-the-new-5-how-the-post-bubble-decline-may-already-be-over/

1MYwxy8TniWL37y3ueG2cN6i5eQ49Fr19Q
greggMD
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August 13, 2013, 05:41:55 PM
 #100

All profitable mining devices did it.
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