Why is bitcoin plummeting?

[pietje]

plummeting?
We go down from 820 to 780 and we are plummeting?

If you look at the 4h chart you barely see a dip.

The 4h chart is not the confirmed way to look at bitcoin price history as it prevents you from fully appreciating the dramatic failures of the market.

Ok i just started looking at the 1 minute chart...
Oh noes we are already from 780 to 790 so a full scale rally

[fluidjax]

plummeting?
We go down from 820 to 780 and we are plummeting?

If you look at the 4h chart you barely see a dip.

The 4h chart is not the confirmed way to look at bitcoin price history as it prevents you from fully appreciating the dramatic failures of the market.

Lol

[BitcoinAshley]

Why is bitcoin plummeting?

Tons of people moving into DOGE.

In fact, the DOGE bubble popped halfway but just re-inflated itself (probably Goat.)

I mean, just look at this shit:


Obviously if you are still in bitcoin, you are in the wrong market. In BTC you've lost 10%, in DOGE, you've doubled your portfolio.

EDIT: It could have a LITTLE to do with the half a mil in overstock sales and the two fitty + in tigerdirect sales. Whales know to spend their BTC there b/c big figures encourage more big retailers to consider it, thus further driving adoption. And one of the biggest barriers to "going to all the trouble to buy BTC" is "where in the **** do I spend it."

[segeln]

plummeting?
We go down from 820 to 780 and we are plummeting?

If you look at the 4h chart you barely see a dip.

The 4h chart is not the confirmed way to look at bitcoin price history as it prevents you from fully appreciating the dramatic failures of the market.

Since I got eventually your attitude of commenting I like it more and more

Now you are pushed off the ignore list

[adamstgBit]

Why is bitcoin plummeting?

Tons of people moving into DOGE.

In fact, the DOGE bubble popped halfway but just re-inflated itself (probably Goat.)

I mean, just look at this shit:


Obviously if you are still in bitcoin, you are in the wrong market. In BTC you've lost 10%, in DOGE, you've doubled your portfolio.

EDIT: It could have a LITTLE to do with the half a mil in overstock sales and the two fitty + in tigerdirect sales. Whales know to spend their BTC there b/c big figures encourage more big retailers to consider it, thus further driving adoption. And one of the biggest barriers to "going to all the trouble to buy BTC" is "where in the **** do I spend it."

doggy coins is in the "return to normal" phase of the bubble

[ArticMine]

... you don't need an account there to watch their frantic spread
https://coinbase.com/charts  ...

0.5% spread. Wow!

[louisreel]

How about the fact that Google confirmed they are not working on incorporating Bitcoin as a payment method?  Of course if it is anything like Google confirming they are not interesting in buying Waze, things could turn around in a few weeks...  

Because Google is balls-deep in Ripple..

Do your research bro..

Google Ventures put in a few 100k back in April '13.  For Google that's not even the tip.

[jamesc760]

I was at a party in San Francisco last Christmas. It was a catered affair. A few VC's were there. The booze bill alone was over $100K.

[Nagle]

Bitcoin went up last fall because, for a few months, it was an easy and legal way around China's exchange controls. Then the People's Bank of China cracked down on Bitcoin operators. Bitcoin then started to slide down.

[redwraith]

Bitcoin went up last fall because, for a few months, it was an easy and legal way around China's exchange controls. Then the People's Bank of China cracked down on Bitcoin operators. Bitcoin then started to slide down.

Yeah and that explains April of 2013 and summer of 2011 too doesn't it?  STFU.  Anyways, the OP's question is stupid because that's what an asset does when it is publicly traded!   It rises and falls depending on supply and demand. 

[keithers]

This is the longest period of stability we have seen in awhile I think. 

[theta]

This is the longest period of stability we have seen in awhile I think. 

famous last words 

[hungpham]

because it's market. up and down, down and up
That's all

[crackfoo]

why is it still going down???

[Sevvero]

why is it still going down???

People waking up to the scam and selling their bags of shit.