kodtycoon (OP)
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Activity: 1568
Merit: 1002
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April 07, 2014, 02:35:40 PM |
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why the sudden drop in price? came outa nowhere?
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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zolace
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April 07, 2014, 02:49:09 PM |
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Where have you been? Price has dropped like two weeks ago, prices actually been stable this past week.
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RodeoX
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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April 07, 2014, 02:49:27 PM |
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I see about a $10 drop at bitstamp. Looks like a big sell went through an hour or so ago. Is that what your seeing? I guess it's supply and demand. If you were to want to take $50K of profits denominated in dollars, you would likely move the market unless you were in a dark pool.
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nrigo
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April 07, 2014, 03:39:41 PM |
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There are some drop prices like this one every working days. These big orders come probably from mining companies or merchands which are selling with market orders. That explains Bitcoin price volatility, but it's a good apportunity to buy at a lower price.  |
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Sage
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April 07, 2014, 03:58:46 PM |
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You're still seeing the inflation from the China bubble working its way out of the market.
The trend is still down. And it's not going to take off again for awhile.
Expect more downside.
(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)
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Acidyo
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April 07, 2014, 04:00:39 PM |
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Gox selling stolen coins probably.
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RomertL
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April 07, 2014, 04:06:27 PM |
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Just the normal daily volatility...
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bitsmichel
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April 07, 2014, 05:59:21 PM |
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why the sudden drop in price? came outa nowhere? price drop is not that big. |
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elavenil
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April 07, 2014, 06:01:04 PM |
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Bitcoin price is stable for last few days at $4** range.
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ChuckBuck
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April 07, 2014, 06:04:35 PM |
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What sudden price drop? BTC been around $450 +- $5-10 or so last few days.
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serenitys
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Activity: 126
Merit: 101
Be Here Now
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April 07, 2014, 06:09:04 PM |
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It went down to 439 a little while ago but shows 444-447 between bitcointicker and bitcoinwisdom at 1pm CST
Seems to be stuck in the $400-$500 range for awhile though. Makes me think everyone's holding except small exchanges until the 15th...like market paralysis...
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You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
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allthingsluxury
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Activity: 1540
Merit: 1029
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April 07, 2014, 06:23:06 PM |
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Relatively stable at the moment.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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hilariousandco
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Activity: 3794
Merit: 2609
Join the world-leading crypto sportsbook NOW!
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April 07, 2014, 06:28:01 PM |
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why the sudden drop in price? came outa nowhere?
Do you expect a warning or something? |
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reRaise
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April 07, 2014, 08:01:20 PM |
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You're still seeing the inflation from the China bubble working its way out of the market.
The trend is still down. And it's not going to take off again for awhile.
Expect more downside.
(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)
You are just speculating, it's not a fact. People said the same when Bitcoin reached $60 from $266. I'm calling it a bottom, the downtrend is slowly getting exhausted and oversold. |
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ashapasa
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April 07, 2014, 08:16:27 PM |
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china always china
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hilariousandco
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April 07, 2014, 08:23:39 PM |
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Panic sellers, always panic sellers
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HCLivess
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=== NODE IS OK! ==
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April 08, 2014, 12:08:33 AM |
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1
10
100
<- You Are Here Now
1000
10000
100000
1000000
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Dalmar
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April 08, 2014, 12:17:40 AM |
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 Prepare for the death cross. |
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MicroGuy
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Twitter @realmicroguy
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April 08, 2014, 12:28:57 AM |
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why the sudden drop in price? came outa nowhere?
I think Overstock and other retailers could be divesting some of their BTC inventory. It's important to note that many investors are still bullish on cryptocurrencies, just not Bitcoin at the moment. http://coinmarketcap.com/mineable.html |
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