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Author Topic: Bitcoin is down by half its value... Strange things are going on.  (Read 1705 times)
Catchmeifyoucan (OP)
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February 25, 2014, 04:45:51 PM
 #1

There are several rumors going on as to MtGox, spreading word that they are getting away with some bitcoins... im sure they wont be able to do so without leaving some trace, but it seems that bitcoin has dropped by half of its value last months. It seems there might be an opportunity to rebound by acquiring some bitcoins.

I fear that most of these rumors are being dispersed with the idea of dropping the market price with the intention of gaining profit out of it. I just don´t seem to know who exactly might be doing this and with what intention. I certainly am keeping an eye on the news and other details to make sure i make my move when its best.

¿Any one else have the same feeling?

http://www.theguardian.com/technology/2014/feb/25/bitcoin-exchange-mtgox-offline-amid-rumours-of-theft

http://www.voanews.com/content/value-of-bitcoin-drops-sharply/1858734.html

http://www.bbc.co.uk/news/technology-26118002

Musent
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February 25, 2014, 04:54:00 PM
 #2

There are several rumors going on as to MtGox, spreading word that they are getting away with some bitcoins... im sure they wont be able to do so without leaving some trace, but it seems that bitcoin has dropped by half of its value last months. It seems there might be an opportunity to rebound by acquiring some bitcoins.

I fear that most of these rumors are being dispersed with the idea of dropping the market price with the intention of gaining profit out of it. I just don´t seem to know who exactly might be doing this and with what intention. I certainly am keeping an eye on the news and other details to make sure i make my move when its best.

¿Any one else have the same feeling?

http://www.theguardian.com/technology/2014/feb/25/bitcoin-exchange-mtgox-offline-amid-rumours-of-theft

http://www.voanews.com/content/value-of-bitcoin-drops-sharply/1858734.html

http://www.bbc.co.uk/news/technology-26118002


There is always a big chance on value dropping to buy more coins. If you want more coins, now is the time to buy.
whtchocla7e
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February 25, 2014, 04:56:05 PM
 #3

Quote
Bitcoin is down by half its value

That's a false statement. You could just as easily say that Bitcoin was up by 2x its value during the peak.

The only value that matters is what's here now.

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Catchmeifyoucan (OP)
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February 25, 2014, 05:05:43 PM
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We went from $140 to $1163 in a two month period late in 2013.

It's only early 2014 and we are retesting some of these numbers.

Strange things are always going on with Bitcoin. It's a disruptive technology.

People are trying to put a square peg (bitcoin) into a round hole (traditional methods for handling money), and they are getting burned in the process.



I see what you mean, i just dont know if the rumors are being spread on purpose or actually happening. Most of the market is controlled on speculation, besides the hash power and well, false rumors have always had a way of driving the market. I just dont seem to figure out when they expect the bitcion to shoot up again.

But i will be ready.
E.exchanger
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February 25, 2014, 05:16:43 PM
 #5

i think its the best time to buy bitcoins if you really want to invest.Its 528$ right now and i think it will go down to somewhere between 400-450$.
Hopefully in end of April we can except a rise in bitcoins upto 900$.
chesthing
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February 25, 2014, 05:50:42 PM
 #6

We went from $140 to $1163 in a two month period late in 2013.

It's only early 2014 and we are retesting some of these numbers.

Strange things are always going on with Bitcoin. It's a disruptive technology.

People are trying to put a square peg (bitcoin) into a round hole (traditional methods for handling money), and they are getting burned in the process.


That's what makes it interesting. Traditional investments and bets bore the shit out of me.
Oldminer
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February 25, 2014, 08:48:59 PM
 #7

Dont catch a falling knife.

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
FierceRadish
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February 25, 2014, 08:52:06 PM
 #8

Dont catch a falling knife.

Unless you grab the handle.
akujin
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February 25, 2014, 09:06:15 PM
 #9

Dont catch a falling knife.

Unless you grab the handle.

grab this!  Grin Grin Grin

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RodeoX
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February 25, 2014, 09:08:39 PM
 #10

Nothing really that strange about bitcoin being down 50%.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
kireinaha
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February 25, 2014, 10:58:08 PM
 #11

bitcoin up 50x compared to one year ago. i dare not even dream where it will be in one more year...  Shocked

Night gathers, and now my bitcoinwisdom watch begins.
hungpham
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February 26, 2014, 01:27:50 AM
 #12

the next week the price will going up. it's time to buy more bitcoins now
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