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Author Topic: Do we know why the price is dropping?  (Read 2707 times)
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January 17, 2014, 08:40:44 PM
 #1

I've been living under a rock, I don't understand why since the 12th the price has started to just plummet. Any information?

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kireinaha
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January 17, 2014, 08:44:14 PM
 #2

A better question would be, why has the price been so high? I think that's the answer.

Night gathers, and now my bitcoinwisdom watch begins.
lynn_402
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January 17, 2014, 08:44:49 PM
 #3

I think some bitcoiners are paranoid and this won't last long. It's because of a new article about the FBI considering selling their seized coins soon.
But just this week there's been so many positive story that are way more important than that, so I believe it will go back up quite soon.
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January 17, 2014, 08:45:53 PM
 #4

FBI will likely be selling $25M of coins sometime soon.
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January 17, 2014, 08:47:16 PM
 #5

I've been living under a rock, I don't understand why since the 12th the price has started to just plummet. Any information?

The general picture is that many people believe that come 31 January maybe lots of Chinese people will sell their Bitcoins and withdraw their money, crashing the market. So some people would like to get out now. But it doesn't look like there is much panic or conviction in the current selling.

Some analysts would probably say that we need a correction regardless, but then most of them have been pretty stumped by the way Bitcoin has been behaving post the China bubble.




                                                                               
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January 17, 2014, 08:51:08 PM
 #6

FBI will likely be selling $25M of coins sometime soon.

how do they know the password to unlock the wallet ?

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Holliday
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January 17, 2014, 08:51:54 PM
 #7

FBI will likely be selling $25M of coins sometime soon.

how do they know the password to unlock the wallet ?

$5 wrench.

Apparently DPR didn't take the proper precautions needed to protect his stash.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
kireinaha
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January 17, 2014, 08:52:37 PM
 #8

FBI will likely be selling $25M of coins sometime soon.

how do they know the password to unlock the wallet ?

DPR gave it to them?

Night gathers, and now my bitcoinwisdom watch begins.
fr33d0miz3r
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January 17, 2014, 08:57:29 PM
 #9

FBI will likely be selling $25M of coins sometime soon.

how do they know the password to unlock the wallet ?

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January 17, 2014, 09:00:37 PM
 #10

FBI will likely be selling $25M of coins sometime soon.

how do they know the password to unlock the wallet ?

$5 wrench.

Apparently DPR didn't take the proper precautions to protect his stash.



LoL, Thats why my coins are inside a plausible deniable encrypted volume rsrsrs ...

Anyways, they should hodl now; and be more profitable on 2014 second half Wink

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January 17, 2014, 09:05:51 PM
 #11

because proudhon and his sources are in a full-on bear mode.
because people need cheap coins.
because 1000/coin is boring.
because bears believe in an alien invasion.
because some people honestly think FBI would transfer coins to a magic the gathering online exchange in japan for a sell. they also believe in an alien invasion Wink

many reasons.

i am satoshi
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January 17, 2014, 09:08:14 PM
 #12

No, it's a normal market movement at this stage. But with this low volume it takes too long for my taste.

Sometimes, if it looks too bullish, it's actually bearish
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January 17, 2014, 09:09:18 PM
 #13

No, it's a normal market movement at this stage. But with this low volume it takes too long for my taste.

The downtrend will accelerate. This is only the beginning.
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January 17, 2014, 09:15:19 PM
 #14

No, it's a normal market movement at this stage. But with this low volume it takes too long for my taste.

The downtrend will accelerate. This is only the beginning.

Hope many of you took money off the table.

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January 17, 2014, 09:21:35 PM
 #15

intro from the temple of misleading infowar ... ( while reading a book Statistically Sound Machine Learning for Algorithmic Trading of Financial ...) and 2nd friday's beer Wink

Space Ghost Coast to Coast promo
http://www.youtube.com/watch?v=q1yQ8zRnnhI

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January 17, 2014, 09:24:56 PM
 #16

because some people honestly think FBI would transfer coins to a magic the gathering online exchange in japan for a sell

ROFL'd

If they don't trust gox they could also use slovenian stamp, russian btc-e or chinese huobi. Still not convincing? Just ask Keiser to buy them....https://www.youtube.com/watch?v=N1bDMfRfsrw 1:20 - 1:55 Cheesy

BTC: 16o89714EG9WGyi39NxifutFYk55QkxqQK
knightcoin
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January 17, 2014, 09:46:40 PM
Last edit: January 17, 2014, 10:04:41 PM by knightcoin
 #17

because some people honestly think FBI would transfer coins to a magic the gathering online exchange in japan for a sell

ROFL'd

If they don't trust gox they could also use slovenian stamp, russian btc-e or chinese huobi. Still not convincing? Just ask Keiser to buy them....https://www.youtube.com/watch?v=N1bDMfRfsrw 1:20 - 1:55 Cheesy

CitY of London really needs all bitcoin people generation ...

http://www.cityam.com/article/1389920882/uk-banks-risk-financial-meltdown-if-long-term-it-crisis-remains-unresolved

Btw-> the (Secret) City of London, Part 1: History " :-/ ';' Smiley " https://www.youtube.com/watch?v=LrObZ_HZZUc

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January 18, 2014, 12:46:29 AM
 #18

FBI will likely be selling $25M of coins sometime soon.

Ya but I think it will rally when they go for more than spot. 25M order elsewhere would incur incredible slippage so the price should reflect that.

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January 18, 2014, 12:47:50 AM
 #19

Because I'm about to buy.  Wink

I'm grumpy!!
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January 18, 2014, 01:12:44 AM
 #20

Wouldn't they the FBI auction the Bitcoins off? Isn't auctioning how they liquidate most confiscated items that are not illegal? I doubt the FBI is going to register on Campbx and just say, "Fuck it lets market sell this shit.".

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

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