fixxi.net (OP)
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Merit: 10
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September 04, 2013, 08:33:58 AM |
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Any pointers to informative threads ?
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franky1
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Activity: 4200
Merit: 4442
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September 04, 2013, 08:43:35 AM |
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i would say there is no one single event causing this one, but here are some idea's
1) the standard summer slump for retail stocks, so investors are looking for something to play with before moving it back to retail stocks ready for christmas period.
2) US EU and UK governments acknowledging bitcoins existence
3) mining difficulty rise, causing an initial drop in BTC compared income. thus a push on raising the exchange rate to ensure miners keep to a maintained lifestyle
4) more bitcoin related conferences, meetups, buttonwood style exchanges happening this year, compared to previous years
5) least likely, but it adds to the cauldron of reasons.. more wars declared causing people to question money spending by government and looking for alternatives
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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superresistant
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Activity: 2128
Merit: 1120
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September 04, 2013, 08:46:39 AM |
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People are going back to school = They need drugs.
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franky1
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Activity: 4200
Merit: 4442
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September 04, 2013, 08:52:30 AM |
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People are going back to school = They need drugs.
nah, most 'drugies' convert into bitcoin and most dealers convert out of bitcoin. so there is not much impact. the more impactful things are when people buy into bitcoin and don't sell |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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viboracecata
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Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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September 04, 2013, 09:02:30 AM |
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People are going back to school = They need drugs.
Oh, no... |
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viboracecata
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Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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September 04, 2013, 09:04:25 AM |
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i would say there is no one single event causing this one, but here are some idea's
1) the standard summer slump for retail stocks, so investors are looking for something to play with before moving it back to retail stocks ready for christmas period.
2) US EU and UK governments acknowledging bitcoins existence
3) mining difficulty rise, causing an initial drop in BTC compared income. thus a push on raising the exchange rate to ensure miners keep to a maintained lifestyle
4) more bitcoin related conferences, meetups, buttonwood style exchanges happening this year, compared to previous years
5) least likely, but it adds to the cauldron of reasons.. more wars declared causing people to question money spending by government and looking for alternatives
Nice ideas. |
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empoweoqwj
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September 04, 2013, 09:46:04 AM |
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because bitcoin goes up, then down, then up, then down, then up ..... spot the pattern? Nobody said markets were logical.
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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September 04, 2013, 09:48:42 AM |
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The price goes up because Bitcoin is amazing. It goes down because people temporarily got too excited about how amazing Bitcoin is.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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superresistant
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Activity: 2128
Merit: 1120
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September 04, 2013, 09:53:17 AM |
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People are going back to school = They need drugs.
nah, most 'drugies' convert into bitcoin and most dealers convert out of bitcoin. so there is not much impact. the more impactful things are when people buy into bitcoin and don't sell I'm selling bitcoins in cash and I can tell you the kids need drugs to handle school. |
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b!z
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Activity: 1582
Merit: 1010
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September 04, 2013, 10:39:20 AM |
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Mainstream awareness.
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favdesu
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Activity: 1764
Merit: 1000
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September 04, 2013, 10:48:48 AM |
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I hope the price will stay at 130 for while, would be really good in terms of stabilization.
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xxjs
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September 04, 2013, 10:54:05 AM |
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The price goes up because Bitcoin is amazing. It goes down because people temporarily got too excited about how amazing Bitcoin is.
Good one. |
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aceking
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September 04, 2013, 01:11:26 PM |
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just speculation related with Syria
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Miz4r
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Activity: 1246
Merit: 1000
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September 04, 2013, 02:52:12 PM |
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6) Many people were waiting on the sidelines to get into bitcoin but they wanted to see the bubble deflate first. After hitting $65 some people just couldn't wait any longer and decided to buy which ignited a chain reaction lasting until this day.
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Bitcoin = Gold on steroids
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 04, 2013, 02:59:10 PM |
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Feedback from the mtgox liquidity crisis, nothing else.
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faiza1990
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Activity: 420
Merit: 250
★☆★777Coin★☆★
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September 04, 2013, 03:07:35 PM |
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American Government behind all this  |
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afbitcoins
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Activity: 2100
Merit: 1061
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September 04, 2013, 03:26:38 PM |
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Still in price discovery phase, bitcoins wil end up being worth gazillions of dollars so a long way up still to go
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Melbustus
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Activity: 1722
Merit: 1003
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September 04, 2013, 03:32:56 PM |
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The price goes up because Bitcoin is amazing. It goes down because people temporarily got too excited about how amazing Bitcoin is.
^ This. Ignore all the short-term thinking and other small-mindedness. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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Miz4r
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Activity: 1246
Merit: 1000
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September 04, 2013, 03:44:29 PM |
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Feedback from the mtgox liquidity crisis, nothing else.
That's the same as saying that the crash from $266 happened because of DDoS, nothing else. |
Bitcoin = Gold on steroids
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 04, 2013, 03:55:05 PM |
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Feedback from the mtgox liquidity crisis, nothing else.
That's the same as saying that the crash from $266 happened because of DDoS, nothing else. Not really, there were DDoS attacks all the way back during the rally which hadn't had any dramatic effect. What remains is Technical Analysis which acts as an amplifier for volatility. |
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