Whats happening to BTC ?

[qu.fadep]

Hi guys. Whats is lowering the BTC price ?    maybe the china ?

[bitcon]

panda bears

[coinminers]

Hi guys. Whats is lowering the BTC price ?    maybe the china ?

I think what may have happened was that pressure to sell was stronger than pressure to buy. What normally ensues in that case is a price drop.

[antimattercrusader]

Hi guys. Whats is lowering the BTC price ?     maybe the china ?

Yes and no.

#1: We've had an epic growth period, time for a correction/consolidation.
#2: This is a weekend, market is less bullish on weekends.
     - Because people are doing other things
     - Because banks are closed, not processing transactions - no more fiat coming in to buy, but BTC can still be easily sold = sell pressure
#3: This is a long weekend, meaning at least in the US, people will have to wait until Tuesday before banks start processing deposits/wires.

So, I think these factors combine quite nicley to explain this drop. The fact that we're still ~ 300 is actually probably a good sign, as it appears to be more of a correction than crash.

If we resume the upward trend next week, it will considerably increase my confidence of the current price levels. I, for one, while sad BTC is not $50,000 at hte moment, am happy to see the end of the exponential price gains - it makes this much more realistic and sustainable. We shall see what happens next.

[cbeast]

Dragons ate the panda bears.

[crazy_rabbit]

Hi guys. Whats is lowering the BTC price ?    maybe the china ?

Yes and no.

#1: We've had an epic growth period, time for a correction/consolidation.
#2: This is a weekend, market is less bullish on weekends.
     - Because people are doing other things
     - Because banks are closed, not processing transactions - no more fiat coming in to buy, but BTC can still be easily sold = sell pressure
#3: This is a long weekend, meaning at least in the US, people will have to wait until Tuesday before banks start processing deposits/wires.

So, I think these factors combine quite nicley to explain this drop. The fact that we're still ~ 300 is actually probably a good sign, as it appears to be more of a correction than crash.

If we resume the upward trend next week, it will considerably increase my confidence of the current price levels. I, for one, while sad BTC is not $50,000 at hte moment, am happy to see the end of the exponential price gains - it makes this much more realistic and sustainable. We shall see what happens next.

Agreed, we should work to reinforce our satisfaction with not having exponential price gains. It's exciting, but unreasonable, unsustainable and a bad long term sign.

[theonewhowaskazu]

If you think that something is 'happening' to BTC every time the price falls by 25%, then you should probably run away now.

Seriously, something would be "happening" when the price isn't either falling or rallying by 25% every couple of days. Don't stress, we're back where we were like 3 days ago. Just hold.

[aqrulesms]

It's going to go somewhat lower than the current price we see at this moment. A plateau will ensure and shortly after, the decline.

As for the week, I believe it's going to be quite interesting what happens. However, for now, the forecast is a downtrend.

[BitcoinBarrel]

It's going to go somewhat lower than the current price we see at this moment. A plateau will ensure and shortly after, the decline.

As for the week, I believe it's going to be quite interesting what happens. However, for now, the forecast is a downtrend.

I agree, holidays are coming up, vacations, presents...

[chmod755]

When there are not enough people spending BTC the exchange rate goes down.

[theonewhowaskazu]

When there are not enough people spending hoarding BTC the exchange rate goes down.

Fixed for you.

[antimattercrusader]

ahhhh this brings back fond memories....It's funny, before the April high, I was preaching bitcoin like no other, people were basically like STFU you're an idiot. Then at 100, 200, etc I stopped preaching it. Then about 250 they want to buy, I'm like yeeaaaaahhhhh.... unless your looking to hold long term I wouldn't advise it. I don't think this price is sustainable. Nope. They had to buy, so I showed them how the NEXT DAMN DAY we crash lmao. Just epic timing. Guess who's fault that is? Well, I'm like... "hey, do not sell. Especially do not sell into MtGox lag. Hold. If you sell now you're going to get fucked by not only panic selling but also the fact you have no idea what price your order will fill at. At least don't do a market order my god!!!! You have not lost until you sell. It will recover in 3-8 months. JUST WAIT." Nope, they had to have that money for survival and thus had to sell. Sold at like 80.

Guess who's fault that is? Mine of course. *Mumbling*

The same scenario came to pass this time, Back when it was 100-200 I was say, hey, buy BTC for long term hold. "No, that crashed" Now that it was hauling ass they wanted in. This time I'm like figure that shit out yourself. Fuck it. Not recommending anyone I know do anything anymore.

Got to love people! But I do love bitcoin and this community! lol

[qu.fadep]

panda bears

sorry what is it ?        

[qu.fadep]

Hi guys. Whats is lowering the BTC price ?     maybe the china ?

Yes and no.

#1: We've had an epic growth period, time for a correction/consolidation.
#2: This is a weekend, market is less bullish on weekends.
     - Because people are doing other things
     - Because banks are closed, not processing transactions - no more fiat coming in to buy, but BTC can still be easily sold = sell pressure
#3: This is a long weekend, meaning at least in the US, people will have to wait until Tuesday before banks start processing deposits/wires.

So, I think these factors combine quite nicley to explain this drop. The fact that we're still ~ 300 is actually probably a good sign, as it appears to be more of a correction than crash.

If we resume the upward trend next week, it will considerably increase my confidence of the current price levels. I, for one, while sad BTC is not $50,000 at hte moment, am happy to see the end of the exponential price gains - it makes this much more realistic and sustainable. We shall see what happens next.

Thanks. I agree with you!

[chmod755]

When there are not enough people spending hoarding BTC the exchange rate goes down.

Fixed for you.

Bitcoin is like a stock and we're the company so we can support it's share price (value) by making successful business with it.

[jojo69]

It has been pointed out before that pandas are not actually bears

coincidence???

[XxionxX]

It has been pointed out before that pandas are not actually bears

coincidence???

Implying that pandas are bulls. 

Must be tough to fit those horns into the panda suits.

[wachtwoord]

Hi guys. Whats is lowering the BTC price ?    maybe the china ?

Maybe the China!

[mb300sd]

It has been pointed out before that pandas are not actually bears

coincidence???

?

The panda (Ailuropoda melanoleuca, lit. "black and white cat-foot"),[2] also known as the giant panda to distinguish it from the unrelated red panda, is a bear[3] native to south central China.[1] It is easily recognized by the large, distinctive black patches around its eyes, over the ears, and across its round body.

[chmod755]

It has been pointed out before that pandas are not actually bears

pandas are coins: