Bitcoin Forum
December 03, 2016, 05:42:41 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: who know what time can going up the bitcoin price?  (Read 605 times)
btczyc
Newbie
*
Offline Offline

Activity: 6


View Profile
August 30, 2011, 07:36:53 AM
 #1

i have been waiting for the Bitcoin price going up at long time ,what it keep going down?
1480786961
Hero Member
*
Offline Offline

Posts: 1480786961

View Profile Personal Message (Offline)

Ignore
1480786961
Reply with quote  #2

1480786961
Report to moderator
1480786961
Hero Member
*
Offline Offline

Posts: 1480786961

View Profile Personal Message (Offline)

Ignore
1480786961
Reply with quote  #2

1480786961
Report to moderator
1480786961
Hero Member
*
Offline Offline

Posts: 1480786961

View Profile Personal Message (Offline)

Ignore
1480786961
Reply with quote  #2

1480786961
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480786961
Hero Member
*
Offline Offline

Posts: 1480786961

View Profile Personal Message (Offline)

Ignore
1480786961
Reply with quote  #2

1480786961
Report to moderator
1480786961
Hero Member
*
Offline Offline

Posts: 1480786961

View Profile Personal Message (Offline)

Ignore
1480786961
Reply with quote  #2

1480786961
Report to moderator
silverchair
Full Member
***
Offline Offline

Activity: 168



View Profile WWW
August 30, 2011, 08:03:06 AM
 #2

Be patient my friend, this will not take long.  Wink

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
322i0n
Full Member
***
Offline Offline

Activity: 196


View Profile WWW
August 30, 2011, 08:06:47 AM
 #3

when the big hand points straight up and the little hand points straight down. that is the time to... panic!

Supporting The Global Insurrection Against Banker Occupation
BTC: 1C1w6t1dMkEXeCntURxDiBiWsTbdJbvTr9
NMC: N6uNpVPAdpTur4Hwr8Sqgd6kxcKPto4S2T
Revalin
Hero Member
*****
Offline Offline

Activity: 728


165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g


View Profile
September 02, 2011, 06:28:50 AM
 #4

It's like the stock market - no one knows for sure.  It could theoretically go down forever.

I personally expect it to keep declining for a while.  The current price mostly reflects a speculation bubble and the actual economic need for people to hold the BTC as a currency could be fulfilled at a much lower price (well under $1).  The only ways I see for the price to start going up again are: a) more hype (not likely, I think that one is burned out); b) more merchants accepting the BTC as a currency, which will increase demand.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
Artamir
Newbie
*
Offline Offline

Activity: 28


View Profile
September 02, 2011, 12:38:48 PM
 #5

At moment its just way more people using mining rigs and willing to sell their BTC to get money from them, as actually people are willing to buy BTC to then buy goods with it.

As long as more people flood the market with their mined bitcoins than actually new people comming into the system as users of the payment system, the price will keep falling.
mykroft
Newbie
*
Offline Offline

Activity: 6


View Profile
September 02, 2011, 05:53:42 PM
 #6

i have been waiting for the Bitcoin price going up at long time ,what it keep going down?

Start reading the economics and speculation forums here.  That's where you'll learn a bit about what makes the market move up or down.  Take it with a grain of salt because a lot of what is posted is either garbage or guessing.  Still, worth checking out.

Mykroft
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!