Bitcoin Forum
March 29, 2017, 11:15:51 AM *
News: Latest stable version of Bitcoin Core: 0.14.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: BTC in slow free fall?  (Read 2300 times)
rainyn
Newbie
*
Offline Offline

Activity: 29


View Profile
July 18, 2011, 07:01:29 PM
 #1

I've been keeping records of various statistics, including the current value of the BTC and have noticed it steadily declining over the last few weeks.  I don't think I've seen it go up once.  Does anyone know what's going on?  The highest value I have for the BTC is from when I began keeping records, on 6/16/11.  Then it was 16.7 USD/BTC.  Today, 12.52 Sad
1490786151
Hero Member
*
Offline Offline

Posts: 1490786151

View Profile Personal Message (Offline)

Ignore
1490786151
Reply with quote  #2

1490786151
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1490786151
Hero Member
*
Offline Offline

Posts: 1490786151

View Profile Personal Message (Offline)

Ignore
1490786151
Reply with quote  #2

1490786151
Report to moderator
Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 18, 2011, 07:03:54 PM
 #2

I dont see anything good here..

This is a snapshot from the last 24 hours and there's no new money expected into the market for at least a few more hours..


If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
koin
Legendary
*
Offline Offline

Activity: 874


View Profile
July 18, 2011, 07:36:52 PM
 #3

reminds me of the death march mid-february to early april: http://bitcoincharts.com/charts/mtgoxUSD#rg180zczsg2011-02-01zeg2011-04-10ztgSzm1g10zm2g25

so many people were so smart, they sold at $0.80 or so and then smiled confidently as it dipped into the $0.50s.

i wonder how many are smiling today.
BTCHosting
Newbie
*
Offline Offline

Activity: 18


View Profile
July 18, 2011, 07:42:27 PM
 #4

It's the summer, price will slowly go down until mid september. Then, it will start to massively grow again.


I bet 1 BTC that there is a strong statistical correlation between Bitcoin Price and Worldwide traffic in Terabytes.
Xephan
Jr. Member
*
Offline Offline

Activity: 42


View Profile
July 18, 2011, 07:51:33 PM
 #5

I've been keeping records of various statistics, including the current value of the BTC and have noticed it steadily declining over the last few weeks.  I don't think I've seen it go up once.  Does anyone know what's going on?  The highest value I have for the BTC is from when I began keeping records, on 6/16/11.  Then it was 16.7 USD/BTC.  Today, 12.52 Sad

Look further back, prior to the speculation spike caused by media events, 1 BTC was hovering around US$9. So if the Silkroad and other events did not bring Bitcoin into the limelight, US$9 would likely had be the "real" value of 1 BTC. What we're seeing now, in my non-financially trained opinion, is merely market correction to the correct valuation, quite possibly $9~$10 before it will climb up again.


186q9YUW3x8TVHC5aYBEqgZZYMxft8Cw9f
jwzguy
Hero Member
*****
Offline Offline

Activity: 868



View Profile
July 18, 2011, 08:10:31 PM
 #6

Is "slow free fall" like a "slow crash" ?


19wXnWTeGuraN9g5UsMAi119sWzDCQcr7S
Bitcoin Logo shirts!
FractalUniverse
Full Member
***
Offline Offline

Activity: 176



View Profile
July 18, 2011, 09:04:12 PM
 #7

slow free fall?

more like temporary dip and buying opportunity  Cool

BitFinex.com Leveraged BTC and alts trading.
my ORBitcoin address: oZQ4GZpHDhuKR1Sve3HCMvhhN86XU4z2rf
casascius
Mike Caldwell
VIP
Legendary
*
Offline Offline

Activity: 1344


The Casascius 1oz 10BTC Silver Round (w/ Gold B)


View Profile WWW
July 18, 2011, 09:06:54 PM
 #8

I think the price will continue to slowly fall as long as there are early adopters willing to sell.

Forget terabytes of internet traffic.  A real useful metric would be one that Theymos regularly calculates: number of unspent generations.  (or in other words, number of coins that have been mined but have never participated in any transaction, as determined by scanning the blockchain).  Last time I asked him, that figure was 2.4 million BTC, with over 3/4 of those coins being before block 70000 (in other words, mined before July 2010).

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
bitcon
Legendary
*
Offline Offline

Activity: 1050


www.bit-exo.com


View Profile WWW
July 18, 2011, 09:20:53 PM
 #9

I think the price will continue to slowly fall as long as there are early adopters willing to sell.

Forget terabytes of internet traffic.  A real useful metric would be one that Theymos regularly calculates: number of unspent generations.  (or in other words, number of coins that have been mined but have never participated in any transaction, as determined by scanning the blockchain).  Last time I asked him, that figure was 2.4 million BTC, with over 3/4 of those coins being before block 70000 (in other words, mined before July 2010).

in other words early adopters have enough bitcoins mined to sell at $10 and still be set for life.........

BTCHosting
Newbie
*
Offline Offline

Activity: 18


View Profile
July 18, 2011, 09:30:14 PM
 #10

I think the price will continue to slowly fall as long as there are early adopters willing to sell.

Forget terabytes of internet traffic.  A real useful metric would be one that Theymos regularly calculates: number of unspent generations.  (or in other words, number of coins that have been mined but have never participated in any transaction, as determined by scanning the blockchain).  Last time I asked him, that figure was 2.4 million BTC, with over 3/4 of those coins being before block 70000 (in other words, mined before July 2010).

Number of unspent generation is a very good indicator, but I think we should look at the market from a different perspective: Bitcoin is still expanding. More and more people use it.

Now most of the transactions come from Bitcoin speculation. In the future, more and more of these transactions will be originated by merchants, thus driving the value up. And IF value constantly goes up, people will be more willing to hold bitcoins.

In synthesis, as long as new adopters will put liquidity in the market by buying small bitcoin ammounts, the price should go up. Now we have less people on the internet, thus less people able to spend. Let's speak again about this around december...

eraziel
Full Member
***
Offline Offline

Activity: 155


View Profile
July 18, 2011, 10:28:10 PM
 #11

No big deal, it'll rally at some point, not like you depend on the money you get from selling your BTC to survive anyways, right?
OhSoStrong
Newbie
*
Offline Offline

Activity: 10


View Profile
July 18, 2011, 10:34:32 PM
 #12

No big deal, it'll rally at some point, not like you depend on the money you get from selling your BTC to survive anyways, right?

exactly! hold to win  Smiley

If you feel generous, please donate =)

13YUp9uexn31jyQqefW8KfjLuiDCzCcKRy
TheBitMan
Sr. Member
****
Offline Offline

Activity: 280



View Profile
July 19, 2011, 12:14:55 AM
 #13

oh boy..better stock up on them while you can!  Grin

(Subliminal messaging because I own a pyramid site)  Cheesy
Tiniebras
Newbie
*
Offline Offline

Activity: 12


View Profile
July 19, 2011, 12:36:17 AM
 #14

A lot of very bullish commentary here unsuprisingly as we are all Bitcoin lovers Smiley
I however would argue that Bitcoins recent blaze of publicity starting from its parity with the dollar, all the way up to the MTGox fiasco has bought a lot of attention and new users which have pushed value upwards. As the both the spectacular and the distasters die down, I would expect a downwards trend as some adopters drift away.
BTCHosting
Newbie
*
Offline Offline

Activity: 18


View Profile
July 19, 2011, 01:02:53 AM
 #15

A lot of very bullish commentary here unsuprisingly as we are all Bitcoin lovers Smiley
I however would argue that Bitcoins recent blaze of publicity starting from its parity with the dollar, all the way up to the MTGox fiasco has bought a lot of attention and new users which have pushed value upwards. As the both the spectacular and the distasters die down, I would expect a downwards trend as some adopters drift away.

So you don't think that more people will start to use Bitcoins?
BTCHosting
Newbie
*
Offline Offline

Activity: 18


View Profile
July 19, 2011, 01:11:47 AM
 #16

Bitcoin price just made a jump up.....
Jardeath
Newbie
*
Offline Offline

Activity: 5


View Profile
July 19, 2011, 02:00:24 AM
 #17

I was hoping it would sit around $15, but then it just kept slowly dropping over time - until today's jump.
CaptainDDL
Newbie
*
Offline Offline

Activity: 23


View Profile
July 19, 2011, 03:20:49 AM
 #18

I was going to invest a bit of money in bitcoin with the price falling the way it was, naturally the price would have to jump before the money cleared via Dwolla.  Cry
bitcon
Legendary
*
Offline Offline

Activity: 1050


www.bit-exo.com


View Profile WWW
July 19, 2011, 03:48:22 AM
 #19

just keep it on standby, it will come back down again..  be patient.

3dog
Newbie
*
Offline Offline

Activity: 3



View Profile
July 19, 2011, 09:24:27 AM
 #20

Prices have been bouncing off the 9$ mark repeatedly. Would not be surprised if it hovered around here until September, like most people stated.

Be excellent to each other.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!