Whats happening to BTC ?

[theonewhowaskazu]

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.

A company is typically not paid in its own stock as payment for services provided.

Currency != stock.

[BTC-Market]

I find it interesting that your thread is about "Why it went down?" instead of "Why it went up?"

Bitcoin is at over $300 if you haven't noticed, this is huge.

[Tirapon]

You have angered the China by making too many new threads in speculation. The China is punishing you for your lack of discipline!

[libity]

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

I hate FUD being spread so I must point out that the giant panda (the big black and white thing typically associated with China) most definitely IS a bear.

Not to be confused with the red panda which isn't a bear.

[jojo69]

OMG, I have been misled

pandas ARE bears


SELL SELL SELL!!!!

[antimattercrusader]

I hate FUD being spread so I must point out that the giant panda (the big black and white thing typically associated with China) most definitely IS a bear.

Ohhh SHIT! *spills coffeee* logs onto Gox, can't even remember password... finally gets on... market SELL!!!!


Actually, I think we've found the bottom.

[freequant]

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.

Seconded.
People who look at the 1m chart aren't going go buy more because it shouts "bubble pop in progress".
Even the mkst bullish charter won't be able to find a uptrend now.
I guess people who bought anywhere higher than 200 must start feeling that their profit is at risk, and a sharp drop could even eat in their principal.
So it's an understatement to say that buy pressure is shrinking and sell pressure building.
It may not drop to pre-bubble levels though since many of us can't care less what the price is and won't sell their coins no matter what. But drop deeper it will.

[Gumbork]

Nothing happen, just profit taking....

[BitChick]

I hate FUD being spread so I must point out that the giant panda (the big black and white thing typically associated with China) most definitely IS a bear.

Ohhh SHIT! *spills coffeee* logs onto Gox, can't even remember password... finally gets on... market SELL!!!!


Actually, I think we've found the bottom.

From the San Diego Zoo website:

The Chinese call their beloved pandas "large bear-cats." - See more at: http://animals.sandiegozoo.org/animals/giant-panda#sthash.fn2DJPnB.dpuf

Large Bear-Cats!?  That does not really clear up this issue. 

[Anon136]

There were a lot of coins out there that wanted to move on to these exchanges, but they wernt moving as fast as the chinese were buying. This caused liquidity problems which sent the price higher than would otherwise have been achieved if all of the coins that wanted to move onto the exchanges could have moved onto the exchanges more quickly. after a period of time balance between buyers and sellers was restored and that is where we are now. a more realistic price that reflects real supply and demand rather than an inblance in the time that it takes to buy off an exchange vs get coins onto an exchange.

of course this is just speculation, but i think its a pretty good guess since at one point btc china was as low as 2000 btc in liquidity.