Bitcoin Forum
December 03, 2016, 05:58:57 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why is the btc stuck between 13 and 14 USD?  (Read 2280 times)
PabloW
Full Member
***
Offline Offline

Activity: 229


View Profile
July 28, 2011, 03:27:54 PM
 #1

Suddenly its stopped changing its value like it has been for long time. Whats happening?
1480787937
Hero Member
*
Offline Offline

Posts: 1480787937

View Profile Personal Message (Offline)

Ignore
1480787937
Reply with quote  #2

1480787937
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Jr00t
Newbie
*
Offline Offline

Activity: 27


View Profile
July 28, 2011, 03:32:38 PM
 #2

IMHO -- consolidation, which is a very good thing if you are bullish.
billyjoeallen
Legendary
*
Offline Offline

Activity: 966


Hide your women


View Profile WWW
July 28, 2011, 07:18:39 PM
 #3

Bitcoin is really weird. For an internet currency, the time frames are shockingly long. Twenty minutes for confirmations, etc.  When the market was going through the roof, it was (I think) because of the 3-5 day delay of new people getting in. We saw the price climb every day and had to pay much more than we thought when we initiated our deposits. We were so afraid of missing out altogether, that we bought too high. Some even borrowed money to get in, and some of those have to sella little to cover the interest payments on the loan.

This downward pressure is compounded by miners who started buying and building their mining rigs when the price was high and climbing. Now they have to pay for their gear and electric bills, so they are forced to sell too low. Some even foolishly quit their day jobs and are even more desperate.

Both groups made decisions based on assumptions about the future, extrapolating trends that couldn't possibly continue.

The upward pressure comes from everyone who sees the present and future benefits of Bitcoin and who is also able and willing to utilize that knowledge.

insert coin here:
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc

Open an exchange account at CampBX: options, lowest commissions, and best security
https://campbx.com/register.php?r=0Y7YxohTV0B
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
July 28, 2011, 07:34:01 PM
 #4

Suddenly its stopped changing its value like it has been for long time. Whats happening?
Its 15 minutes of fame are over.
johnyj
Legendary
*
Offline Offline

Activity: 1806


Beyond Imagination


View Profile
July 29, 2011, 12:33:28 AM
 #5

consolidating and going down again Wink

Jr00t
Newbie
*
Offline Offline

Activity: 27


View Profile
July 29, 2011, 01:20:03 AM
 #6

consolidating and going down again Wink

Depends on where you think the support is Wink

However there are some hefty sell orders on the books at mtgox right now....
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
July 29, 2011, 05:52:22 AM
 #7

consolidating and going down again Wink

Depends on where you think the support is Wink

However there are some hefty sell orders on the books at mtgox right now....

The wall at 13.5 has been removed.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
hiVe
Member
**
Offline Offline

Activity: 102


View Profile
July 29, 2011, 09:19:07 AM
 #8

consolidating and going down again Wink

Depends on where you think the support is Wink

However there are some hefty sell orders on the books at mtgox right now....

The wall at 13.5 has been removed.

It won't break the 13$ wall though.
LeonGeeste
Jr. Member
*
Offline Offline

Activity: 48


View Profile
July 29, 2011, 04:20:44 PM
 #9

I think this thread is about ready to be moved to the "Price Speculation" child board...
Pages: [1]
  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!