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PenAndPaper
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December 07, 2013, 06:44:13 PM |
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I wondered what was up with Bitcoin lately as it seems to drop in value by a fair margin now but rising for a bit?Does this mean there's any sign of the 'bubble bursting' or is this a sign of something else going on?As I was shocked to see that 0.684BTC (that I have) dropped from around £500 the other day down to around £381 now.
I don't think it's the end,I just want to know what's going on with BTC lately.Some answers would be helpful :/
Chinese goverments news about bitcoin. Nothing so scarry but people are croakers and this is how it looks like ;p We already had three significant corrections since month, it is still normal. You understand that price dropped from1250 to 650 right? I mean not being a bear is one thing and being ridiculous is another.  Everyone knew this was coming. Price goes high. Someone that got in early decides they want to retire and they drop 30,000 BTC. Price crashes. Rinse and repeat. The market is too small to bear any amount of sell off. Everyone knew what exactly? That bank of china will rule that bitcoin is a commodity and not a currency? In case that you missed it, it was the news from china that caused the crash not a dude selling his stack. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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nexus99
Legendary
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Activity: 910
Merit: 1000
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December 07, 2013, 09:02:04 PM |
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No, it was the sell off that caused the price decline. No sell of means no change in pricing. You have to have volume movement to impact the price.
You could totally be right that the ruling got someone scared enough to liquidate.
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PenAndPaper
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December 07, 2013, 09:29:11 PM |
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No, it was the sell off that caused the price decline. No sell of means no change in pricing. You have to have volume movement to impact the price.
You could totally be right that the ruling got someone scared enough to liquidate.
It is always the sell offs that cause the price to drop. The point is what causes the sell offs and in this case you don't have to look far. |
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donbu7 (OP)
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Activity: 119
Merit: 10
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December 09, 2013, 05:44:53 PM |
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That is it guys, This is the end of BTC, down to 600 usd and keep going down, there is no salvation, if you can jump out of the train do it ASAP otherwise you will crash along with it.
RIP BTC
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pabloangello
Legendary
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Activity: 1344
Merit: 1001
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December 09, 2013, 05:47:23 PM |
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That is it guys, This is the end of BTC, down to 600 usd and keep going down, there is no salvation, if you can jump out of the train do it ASAP otherwise you will crash along with it.
RIP BTC
Are you high? |
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deisik
Legendary
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Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
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December 09, 2013, 06:41:40 PM |
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That is it guys, This is the end of BTC, down to 600 usd and keep going down, there is no salvation, if you can jump out of the train do it ASAP otherwise you will crash along with it.
RIP BTC
Are you high? Out there... |
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donbu7 (OP)
Member
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Activity: 119
Merit: 10
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December 09, 2013, 06:55:57 PM |
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$890 dollars and keep falling
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PenAndPaper
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December 10, 2013, 01:02:23 AM |
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$890 dollars and keep falling
Thinking that we are passed the crisis because of the price being at 900$ is not better than thinking that bitcoin is over because the price went down to 600$ |
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niothor
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December 10, 2013, 02:14:05 AM |
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$890 dollars and keep falling
Keeps falling from what ? 700? And it's currently falling from 890 to 950  ) |
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pabloangello
Legendary
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Activity: 1344
Merit: 1001
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December 10, 2013, 02:16:40 AM |
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$890 dollars and keep falling
Keeps falling from what ? 700? And it's currently falling from 890 to 950 ) He is just:  |
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niothor
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December 10, 2013, 02:37:05 AM |
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$890 dollars and keep falling
Keeps falling from what ? 700? And it's currently falling from 890 to 950 ) He is just:  No, that ain't trolling , it's called stupidity , and I know this guy , check his other posts , |
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TheButterZone
Legendary
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Activity: 3052
Merit: 1031
RIP Mommy
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December 10, 2013, 05:28:34 AM |
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Fiat is falling against BTC.
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Saying that you don't trust someone because of their behavior is completely valid.
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donbu7 (OP)
Member
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Activity: 119
Merit: 10
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December 12, 2013, 04:47:05 PM |
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$850 usd and keep falling like stone to the earth.
I told you guys this is is it, either you jump from the train now, or you will lose everithing you got.
RIP BITCOIN
I am sorry
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pabloangello
Legendary
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Activity: 1344
Merit: 1001
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December 12, 2013, 04:54:13 PM |
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$850 usd and keep falling like stone to the earth.
I told you guys this is is it, either you jump from the train now, or you will lose everithing you got.
RIP BITCOIN
I am sorry
Yeaaaa -> https://bitcointalk.org/index.php?topic=368380.0 |
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DeboraMeeks
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December 14, 2013, 01:26:04 AM |
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Bitcoins is volatile in price,It could be at any price as it's based on the offer and demand as there is no backed-up value,it's now at $800-$900 after it reached much lower prices earlier this month.
anyway the recent fall is due to casascius coins being shut-down (at least temporary) right?
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